Single Family Home $ 875,000

91 Division ST

Cramahe, ON K0K 1S0

  • 8 Beds
  • 5 Baths
  • - Year Built
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.
Listed by REAL BROKER ONTARIO LTD.

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Sub Type Detached

    Listing Status Active

    Purchase Type For Sale

    Approx. Sqft 3500-5000

    Subdivision Colborne

    MLS Listing ID X12313799

    Style 2 1/2 Storey

    Bedrooms 8

    Annual Tax Amount $3,195

    Tax Year 2024

    Property Sub-Type Detached

  • Location

    Province ON

    County Northumberland

    Community Colborne

    Area Northumberland

  • Rooms

    Basement Unfinished, Partial Basement

    Kitchen 4

  • Building

    Foundation Unknown

  • Interior

    Interior Features Water Heater Owned

    Cooling None

    Inclusions 3 x Fridge, 3 x Stove, 1 Dishwasher, Shed

  • Exterior

    Parking Features None

    Pool None

    Roof Type Metal,Asphalt Shingle

    Total Parking Spaces 4

  • Others

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

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