ON > Cramahe > Colborne
Cramahe, ON K0K 1S0,91 Division ST
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Cramahe, ON K0K 1S0,91 Division ST
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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David Johanns

David Johanns

+1(416) 436-3441
$ 699,900
Est. payment /mo
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91 Division ST Cramahe, ON K0K 1S0

8 Beds

5 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision Colborne

MLS Listing ID X12048093

Style 2 1/2 Storey

Bedrooms 8

Annual Tax Amount $3,195

Tax Year 2024

Property Sub-Type Detached

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

Rooms

Family Room No

Basement Unfinished, Partial Basement

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Water Heater Owned

Cooling None

Inclusions 3 x Fridge, 3 x Stove, 1 Dishwasher, Curtains In Unit 2, Shed

Exterior

Parking Features Private

Pool None

Roof Type Metal,Asphalt Shingle

Lot Frontage 78.3

Lot Depth 198.21

Total Parking Spaces 4

Building

Foundation Unknown

Others

Senior Community No

Virtual Tour https://www.dropbox.com/scl/fi/c2vcyneuosg5xelflq32t/91Div.mp4?rlkey=m6hk4a7y504i8bolr7p9dw78p&st=2z2uhmsi&dl=0

Listed by REAL BROKER ONTARIO LTD.
agent

David Johanns

Agent

+1(416) 436-3441

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91 Division ST