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$875,000
Est. payment /mo
9 Beds
4 Baths
3,772 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,772 sqft
Price per Sqft $231
Subdivision Rural Ramara
MLS® Listing ID S10894847
Bedrooms 9
Originating Board OnePoint Association of REALTORS®
Property Description
Growth Opportunity in Ramara Township Bordering Kawartha Lakes!\r\n\r\nLocated at the corner of Monk Rd and Rama Dalton Boundary Rd, this property offers exceptional exposure for your business. Enjoy the convenience of living and working in the same location, with a potential annual positive cash flow of $9,000 with 100% financing at a 5.5% mortgage interest rate over a 30-year amortization. The owner is willing to consider a second mortgage take-back for qualified buyers.\r\n\r\nThis mixed-use property is currently zoned for both commercial and residential use, offering significant upside potential. The property is a commercial residential duplex with four income-generating units, a coin laundry room, a large rented garage, and outdoor parking lot storage. Additionally, there is a large green space for both commercial and residential tenants to enjoy.\r\n\r\nRecent extensive upgrades relieve the pressure on the new buyer, including a new roof, siding, windows, fascia, soffit, and gutters. All residential units have been upgraded in the past two years, with three units featuring new kitchens, flooring, lighting, bathroom fixtures, and fresh paint. This property consistently generates income with ample room for expansion. There is potential to add storage rental units, a commercial building/shop, or additional residential units. (id:24570)
Location
Province ON
Interior
Heating Forced air
Exterior
Parking Features Yes
Fence Fenced yard
View Y/N No
Total Parking Spaces 20
Private Pool No
Building
Sewer Septic System
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Listed by Lakeview Realty Inc.
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