ON > Cramahe > Colborne
Cramahe, ON K0K 1S0,91 Division ST
Cramahe, ON K0K 1S0,91 Division ST
Cramahe, ON K0K 1S0,91 Division ST
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$699,900
Est. payment /mo
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4,138 SqFt
Active

91 Division ST Cramahe, ON K0K 1S0

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 4,138 sqft

Price per Sqft $169

Subdivision Colborne

MLS Listing ID X12048995

Annual Tax Amount $3,195

Tax Year 2024

Property Sub-Type Investment

Property Description

FOURPLEX INVESTMENT OPPORTUNITY (Seller financing opportunity) for anyone looking to expand their portfolio or enter the rental market. Once known as The Grand Trunk Railway Hotel, this building has character and charm that cant be replicated. Seller is willing to consider a Vendor Take Back (VTB). The fourplex is divided into four distinct units, each with its own unique layout and appeal. Unit 1: A spacious 3-bdrm, 1-bath apartment. Unit 2: This unit offers 3 bedrooms and 3 bathrooms, including one full 4-piece bathroom and two additional 2-piece bathrooms. Unit 3: A cozy, yet functional, unit with 1 bdrm plus an additional bedroom and 1 bathroom. Unit 4: A bachelor pad with an additional large mudroom. Its an excellent way to capitalize on the growing demand for smaller, affordable living spaces. Each unit is metered separately for both hydro and gas, which makes it easier for the owner to manage utilities and for tenants to pay for their own consumption. This is a huge selling point for potential renters, as they have greater control over their costs, and it simplifies management for the investor. The large, private yard with mature trees adds further value to the property. The space offers a peaceful retreat for tenants, ideal for outdoor relaxation or hosting gatherings. Additionally, the building has received some updates, including a recently installed metal roof. This is a major advantage, as it minimizes future maintenance costs and gives the property a modern, durable feature .In summary, this fourplex is not just a building, its a property with history, character, and incredible potential.

Location

Province ON

County Northumberland

Community Colborne

Area Northumberland

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 78.3

Lot Depth 198.21

Others

Virtual Tour https://www.dropbox.com/scl/fi/c2vcyneuosg5xelflq32t/91Div.mp4?rlkey=m6hk4a7y504i8bolr7p9dw78p&st=toltbu34&dl=0

Listed by REAL BROKER ONTARIO LTD.
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agent

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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91 Division ST

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