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33-39 KING STREET E, Cramahe (Colborne), Ontario, K0K 1S0

MLS® # X9265679
Investment For Sale In Cramahe (Colborne), Ontario
$2,435,000
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor With View
33-39 King Street E, Cramahe (Colborne), ON - Outdoor With View
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Indoor Photo Showing Laundry Room
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33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor With View
33-39 King Street E, Cramahe (Colborne), ON - Outdoor With View
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Outdoor
33-39 King Street E, Cramahe (Colborne), ON - Indoor Photo Showing Laundry Room
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Home Insurance - TD Insurance

Get a home insurance quote online for this $2,435,000 property in Cramahe (Colborne)

Provided by TD Insurance
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33-39 KING STREET E, Cramahe (Colborne), Ontario, K0K 1S0
$2,435,000

Property Information:

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! **** EXTRAS **** 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Baseboard heaters

Property Features:

  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 167.0 Feet
  • Lot Frontage: 75.0 Feet
  • Lot Size: 75 x 167 FT
  • Zoning: Village Commercial (VC)

Courtesy of: RE/MAX JAZZ INC.

REALTOR.ca  

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Location of 33-39 KING STREET E, Cramahe (Colborne), Ontario, K0K 1S0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

37 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

37 hot days expected in 2050

56/100

Moderate

ClimateCheck®

Current data

This property, 33-39 KING STREET E , experiences 7 hot days per year at around 29.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 37 hot days at 33 degrees Celsius.

Projected Avg. Temperature

Past
29.2℃
2050
33℃

# Hot Days Per Year

Past
7
2050
37

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

62/100

Moderate-High

ClimateCheck®

Current data

This property, 33-39 KING STREET E , experiences 11 significant 2-day storms per year, with about 314.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.2mm of precipitation per year.

Precipitation Per Storm

Past
314.6mm
2050
396.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 33-39 KING STREET E, Cramahe (Colborne), Ontario, K0K 1S0

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$98,501.20

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.67 %

High school certificate or equivalent

40.29 %

Apprenticeship trade certificate/diploma

5.25 %

College/non-university certificate

23.78 %

University Degree

8.02 %

Commuter

Travel To Work

By Car

87.01 %

By Public Transit

0.0 %

By Walking

6.55 %

By Bicycle

0.0 %

By Other Methods

6.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.19 %

Houses

78.81 %

Own Vs. Rent

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