Growth Opportunity in Ramara Township Bordering Kawartha Lakes!rnrnLocated 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.rnrnThis 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.rnrnRecent 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.
EXTRAS: Laundry- Coin operated, Sump Pump
Last updated on : Tuesday 3rd of December 2024 05:00:36 PM
Street : 5880 RAMA DALTON BOUNDARY ROAD
City : Ramara
Province : Ontario
Country : Canada
Postal Code : L0K1W0
Property ID : S10894847
Property Type : Business
Bedrooms : 9
Bathrooms : 4
Parking : 20