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$ 1,950,000
Est. payment | /mo
$ 1,950,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Colborne
MLS® Listing ID X12151705
Source Central Lakes Association of REALTORS®
Property Description
Exceptional investment opportunity in a prime location! This nearly 10,000 sq ft mixed-use property features 9 residential and 3 commercial units, w 10 units currently tenanted. One vacant residential unit is just completing renos and will be quickly rented. One commercial unit currently being listed and will soon be rented. 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. 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 ~4 years, keeping rents competitive. An excellent opportunity to separate the laundromat and sell that business. Further utility separation could explode your NOI and offer a huge bump in valuation. Don't miss out on this rare opportunity! The seller is MOTIVATED so don't miss your opportunity to purchase this at 8.68 CAP mixed-use12plex! Motivated seller willing to bundle with 29 KING, 195 WLATON, and 221 WALTON for an improved overall price! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by RE/MAX JAZZ INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada