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$899,900
Available - For Sale
Listing ID: X12084395
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.
Price $899,900
Taxes: $3,195.71
Tax Type: Annual
Occupancy by: Vacant
Address: 91 Division Stre , Cramahe, K0K 1S0, Northumberland
Postal Code: K0K 1S0
Province/State: Northumberland
Legal Description: PT LT 357-358 PL REID CRAMAHE AS IN NC31
Directions/Cross Streets: Earl St/Division St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 4,138
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
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91 Division Stre , Cramahe, K0K 1S0, Northumberland


 
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Type: Com - Investment
Area: Northumberland
Municipality: Cramahe
Neighbourhood: Colborne
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Lot Size: x 198.21(Feet)
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Tax: $3,195.71
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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