21 King Street East, Cramahe (Colborne) - Business for Sale
21 King Street East, Cramahe (Colborne), Ontario, K0K1S0
This business in Cramahe is for sale offering roughly 10,000 sq ft of space.
Description
Mixed use investment property in Colborne Ontario. This 3 retail/5 apartment unit has had many recent upgrades, is fully tenanted and is located in the centre of the downtown area. Showing a solid CAP rate at the list price, this property is a solid investment opportunity for the shrewd buyer. (id:66096)
Property Details
- MLS®
- X13515224
- Property Type
- Business
- Zoning
- VC
- Interior Size
- 10,000 ft²
- Lot Size
- 52 × 209 ft (10,839 sq ft)
- Frontage
- 51 ft
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $9,118/yr
- Listed
- 125 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 125 days on market, against an average age of 105 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 89 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Cramahe (Colborne) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0K)
This home lists at $1,490,000, about 18.0× the local median household income of $83,000.
Carrying it typically needs a household income of about $291,049 (20% down, 25-yr amortization, stress-tested) — roughly 251% above the area median.
- Median household income
- $83,000
- Population
- 115,850
- Median age
- 50.8
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0K)
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$1,490,000
Cramahe