33-39 King St E

Historic Red Brick Apartment Buildings in quaint Colborne. Imagine this investment in a growing town 130 kms from Toronto! Own a big chunk of the Main Street in this growing Quaint Downtown close to Lake Ontario and on the King's Highway.Mixed-Use Income Units: 9 Residential & 3 Commercial facing Quaint Downtown Main Street. Well-updated & proudly commanding a 75 ft swath of frontage in the bustling downtown & historic King Street E in Colborne, ON.Historic buildings have modern updates including large large cement patio terrace in front w/ contemporary railings paid for and maintained by the town!Cool Tin ceiling & wood banister & heritage details add character in some areas of the buildings. Well-Updated & maintained units.These buildings are sited on a large lot w/ so much parking in back.Full basement houses mechanicals, 10 yrs new furnace for Laundromat business & sep. meters + lots of storage. Well-tenanted. Commercial Tenants just renewed leases. On-site Property Manager! BONUS! Sale includes solid income from the only Public Laundromat Business in the vicinity including all machines. Superintendent onsite in exchange for partial rent abatement. Separate Electrical Meters. Good Commercial tenants: Retail, Office. Excellent Turnkey Income generating! Fire retrofit/update in process. Income & Expense Sheet available. **** EXTRAS **** Furnace 10 years. Windows: 2016-2019. Common Area updated. Some Waterproofing/Repair to exterior '23. Cement Patio, Railings. Roof in good shape Steel w/Spray Foam. Sep Metres. Income & Expense Sheet available. (id:22211)