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$2,435,000
Status: For Sale
Exceptional investment opportunity in a prime downtown location! This nearly 10,000 sq ft mixed-use property features 9 residential and 3 commercial units, with 7 units currently tenanted. The two vacant residential units are being renovated for increased rental potential. Includes a fully operational, cash-generating Laundromat the only one in town owned by the seller. Zoned Village Commercial (VC), this property offers diverse usage options, with separate electrical panels for each unit. Ample owned and municipal parking available. Known as one of the nicest multi-residential buildings in town, it has a history of natural tenant turnover every 2-4 years, keeping rents competitive. Don't miss out on this rare opportunity!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9265679 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :23 Aug, 2024 (86 Days ago) |
| Source | :TRREB |
| Area | :Northumberland |
|---|---|
| Community | : Colborne |
| Postal Code | : K0K 1S0 |
| Price | : $2,435,000 |
|---|---|
| Property Taxes | :$16311.14 |
| Tax Year | :2023 |
|---|
| Cross Street | :King St E and Maybee Ln |
|---|
| Fireplace/Stove | :No |
|---|---|
| Virtual Tour | :Virtual Tour (External Link) |
22 Aug, 2024
TREB #X9265679
Available
$2435000.0
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