$ 875,000
5880 RAMA DALTON BOUNDARY ROAD Sebright, ON L0K1W0
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$ 875,000
Est. payment | /mo
9 Beds
4 Baths
3,772 SqFt
$ 875,000
Est. payment | /mo
9 Beds
4 Baths
3,772 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,772 sqft
Price per Sqft $231
Subdivision Ra40 - Rural Ramara
MLS® Listing ID 40625778
Bedrooms 9
Originating Board The Lakelands Association of REALTORS®
Property Description
Growth Opportunity in Ramara Township Bordering Kawartha Lakes! Located at the corner of Monk Rd and Rama Dalton Boundary Rd, this property offers exceptional exposure for your business. Enjoy the convenience of living and working in the same location, with a potential annual positive cash flow of $9,000 with 100% financing at a 5.5% mortgage interest rate over a 30-year amortization. The owner is willing to consider a second mortgage take-back for qualified buyers. This mixed-use property is currently zoned for both commercial and residential use, offering significant upside potential. The property is a commercial residential duplex with four income-generating units, a coin laundry room, a large rented garage, and outdoor parking lot storage. Additionally, there is a large green space for both commercial and residential tenants to enjoy. Recent extensive upgrades relieve the pressure on the new buyer, including a new roof, siding, windows, fascia, soffit, and gutters. All residential units have been upgraded in the past two years, with three units featuring new kitchens, flooring, lighting, bathroom fixtures, and fresh paint. This property consistently generates income with ample room for expansion. There is potential to add storage rental units, a commercial building/shop, or additional residential units. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters, Forced air, ,
Cooling None
Exterior
Garage Yes
Fence Partially fenced
Community Features School Bus
Waterfront No
View Y/N No
Total Parking Spaces 20
Private Pool No
Building
Story 2
Sewer Septic System
Others
Ownership Freehold
Listed by Lakeview Realty Inc., Brokerage, Orillia