$875,000

Detached

91 Division Street, Cramahe, ON

15 DAYS
7+1
5
0
3500-5000
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Listed by REAL BROKER ONTARIO LTD.

Property Highlights

Parking

4 spaces

Property Tax

$3,196/yr

Lot Size

15,520 sqft

Style

2 1/2 Storey

Basement

Unfinished, Partial

Monthly Cost

$3,961/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$3,695
Property Tax ($3,196/yr)$266
Total$3,961

Price & Listing History

Schools

Location

Tap to view full map

Rooms

Main Level

Living Room: 4.91m × 4.81m
Bedroom: 3.83m × 3.69m
Living Room: 5.10m × 4.09m
Dining Room: 4.93m × 1.84m
Living Room: 5.12m × 4.80m
Living Room: 4.93m × 4.70m
Kitchen: 5.11m × 2.80m
Den: 5.16m × 3.22m
Kitchen: 4.89m × 3.58m
Kitchen: 4.05m × 2.85m
Kitchen: 3.46m × 2.38m

Second Level

Bedroom: 3.43m × 2.36m
Bedroom: 4.03m × 3.61m
Bedroom: 4.56m × 2.86m
Bedroom: 4.63m × 2.41m

Third Level

Primary Bedroom: 7.20m × 4.16m
Primary Bedroom: 5.68m × 2.99m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage