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Royal LePage
Royal LePage
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$875,000

7+1 Beds

5 Baths

3500 - 5000 FEETSQ

QuickQuoteTM: $765K - $1.0M

Cramahe (Colborne) ON, K0K 1S0

MLS® # X12313799

Property Information:

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. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Construction Style - Attachment: Detached
  • Exterior Finish: Vinyl siding
  • Floor Space: 3500 - 5000 sqft
  • Flooring Type: Laminate, Carpeted
  • Foundation Type: Unknown
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dishwasher, Stove, Refrigerator

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 7+1
  • Bathrooms: 5
  • Half Bathrooms: 1
  • Features: Irregular lot size
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 198.2 Feet
  • Lot Frontage: 78.3 Feet
  • Lot Size: 78.3 x 198.2 FT
  • Sewer: Septic System
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Rooms:

  • Bedroom 2nd Level 4.63 m x 2.41 m
  • Bedroom 2nd Level 4.03 m x 3.61 m
  • Bedroom 2nd Level 4.56 m x 2.86 m
  • Bedroom 2nd Level 3.43 m x 2.36 m
  • Primary Bedroom 3rd Level 7.20 m x 4.16 m
  • Primary Bedroom 3rd Level 5.68 m x 2.99 m
  • Kitchen Main Level 4.89 m x 3.58 m
  • Kitchen Main Level 5.11 m x 2.80 m
  • Living Main Level 5.10 m x 4.09 m
  • Bedroom Main Level 3.83 m x 3.69 m
  • Den Main Level 5.16 m x 3.22 m
  • Kitchen Main Level 4.05 m x 2.85 m
  • Living Main Level 5.12 m x 4.80 m
  • Living Main Level 4.91 m x 4.81 m
  • Kitchen Main Level 3.46 m x 2.38 m
  • Dining Main Level 4.93 m x 1.84 m
  • Living Main Level 4.93 m x 4.70 m

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Courtesy of: REAL BROKER ONTARIO LTD.

REALTOR.ca  

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Location of 91 DIVISION STREET, Cramahe (Colborne), Ontario, K0K 1S0

Demographic Information of 91 DIVISION STREET, Cramahe (Colborne), Ontario, K0K 1S0

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$101,612.96

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.78 %

High school certificate or equivalent

38.47 %

Apprenticeship trade certificate/diploma

5.05 %

College/non-university certificate

24.67 %

University Degree

9.03 %

Commuter

Travel To Work

By Car

87.11 %

By Public Transit

0.0 %

By Walking

6.91 %

By Bicycle

0.0 %

By Other Methods

5.98 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.19 %

Houses

75.81 %

Own Vs. Rent

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