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$699,000
Cramahe
136 Purdy Road, Cramahe, Ontario, K0K1S0
This industrial property in Cramahe is for sale. It has been on the market 63 days, fresher than the Cramahe average of 109 days.
An outstanding investment opportunity with excellent Highway 401 access and visibility in Colborne. This established storage facility features 31 storage units in a range of sizes, including units within the main building and Sea-Can storage units, along with additional commercial and outdoor storage space.With a projected cap rate of approximately 8.5%, the property offers an attractive opportunity for an investor, storage operator, contractor or business owner seeking operational space combined with income potential.The property is zoned General Industrial-1 (MG-1), allowing for a broad range of uses, including warehousing, outside storage, equipment sales, rental and repair, contractor or tradesperson yard and shop facilities, manufacturing, processing, assembly or fabricating, service shops, building supply operations, transportation-related uses and other permitted industrial uses. Buyers are encouraged to complete their own due diligence regarding zoning and their intended use.The current vacancy rate is higher than normal, see attached disclosure. The present vacancy should therefore not be considered representative of the property's historical or stabilized occupancy.With multiple units immediately available, a new owner has the opportunity to actively lease the vacant space, establish their own rental structure and grow revenue. Its accessible location near Highway 401 makes this a versatile income-producing property with excellent potential for both investment and business use. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 63 days on market, against an average age of 109 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 industrial in Cramahe has been listed for 63 days, which is 46 days fresher than the city average of 109. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $699,000, about 8.4× the local median household income of $83,000.
Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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