33-39 King Street East, Cramahe | Image 1

33-39 King Street East

Cramahe, Colborne

  • Commercial

$2,675,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: VC

  • Age: No Data

  • Taxes: 16311.14

  • MLS®#: X7401576

  • Days on Site: 90 Days

  • Added: Jan 15, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: CENTURY 21 ALL-PRO REALTY (1993) LTD.

Brick Apartment Buildings. 12-Units total. A BIG 2024 Investment Opportunity. Mixed-Use Income Units: 9 Residential & 3 Commercial facing Quaint Downtown Main Street. Well-updated & proudly commanding a 75 ft swath of frontage in the bustling downtown & historic King Street E in Colborne, ON. Historic buildings have modern updates including large cement patio terrace in front w/ contemporary railings. Tin ceiling & wood banister & heritage details add character. Well-Updated & maintained sited on a large lot w/ so much parking. Full basement houses mechanicals, 10yrs new furnace & sep. meters + lots of storage. Well-tenanted (2 Res being re-rented.) BONUS! Sale includes solid income from the only Public Laundromat Business in the vicinity including all machines. Superintendent onsite in exchange for partial rent abatement. Separate Electrical Meters. Good Commercial tenants: Retail, Office. Excellent Turnkey Income generating! *Prof. Photos to Come* Fire retrofit/update in process.

Extras

Furnace 10 years. Windows: 2016-2019. Common Area updated. Some Waterproofing/Repair to exterior '23. Cement Patio, Railings. Roof in good shape Steel w/Spray Foam. Sep Metres. Income & Expense Sheet available.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 169856

  • Area: Cramahe

  • Community: Colborne

  • Availability Date: TBD

Inside

  • Bathrooms: 12

  • Air Conditioning: Part

  • Washrooms: 12

Utilities

  • Utilities: Yes

Building

  • Heat Type: Elec Forced Air

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 12

Fees

  • Tax Year: 2023

  • Taxes: $16,311

  • Expenses: Est

  • Management Expense: 9812

  • Insurance Fee: 10198

  • Operating Fees: 50122

  • Hydro Expense: 3703

  • Heat Expenses: 4014

  • Taxes Type: Annual

  • Taxes: 16311

  • Tax Year: 2023

  • Water Fees: 8095

Land

  • Cross Street: King St E & Maybee

  • Municipality District: Cramahe

  • Parcel Number: 511410412

  • Sewer: San+Storm

  • Lot Depth: 167.22 Feet

  • Lot Frontage: 75 Feet

  • Lot Irregularities: See Attachments

  • Zoning: VC

Additional Media

  • Virtual Tour: https://listings.insideoutmedia.ca/sites/yjozjaz/unbranded

Commercial Specific

  • Total Area: 0.36

  • Total Area Metric: Acres

  • Area Influence: Rec Centre

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Gross Income/Sales: 219977

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Map of 33-39 King Street East, Cramahe
JK-8

Colborne School

Elementary: Public
0.57 km
JK-8

Spring Valley Public School

Elementary: Public
13.25 km
JK-8

St. Mary Catholic Elementary School

Elementary: Catholic
10.89 km
JK-8

Grafton Public School

Elementary: Public
11.00 km
JK-8

Northumberland Hills Public School

Elementary: Public
10.81 km
JK-8

Brighton Public School

Elementary: Public
12.99 km
9-12

St Paul Catholic Secondary School

Secondary: Catholic
25.07 km
9-12

Campbellford District High School

Secondary: Public
34.56 km
9-12

Trenton High School

Secondary: Public
25.67 km
9-12

St. Mary Catholic Secondary School

Secondary: Catholic
22.76 km
9-12

East Northumberland Secondary School

Secondary: Public
13.15 km
9-12

Cobourg Collegiate Institute

Secondary: Public
21.78 km
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 281 Purdy Road, Cramahe | MLS: X7286392
For Sale
5 months ago
$X,XXX,XXX
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