5880 Rama Dalton Boundary Road Sebright, ON L0K 1W0
9 Beds
4 Baths
3,772 SqFt
UPDATED:
09/26/2024 04:16 PM
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,772 sqft
Price per Sqft $231
MLS Listing ID 40625778
Bedrooms 9
Abv Grd Liv Area 3,772
Originating Board The Lakelands
Annual Tax Amount $958
Property Description
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.
Location
Province ON
County Simcoe County
Area Ramara
Zoning C3
Direction highway 11 north merge south Highway 12 turn left Rama Rd , turn right Monck Rd. corner of Monck Rd and Rama Dalton Boundary Rd
Rooms
Other Rooms Workshop
Basement Separate Entrance, Full, Unfinished, Sump Pump
Kitchen 0
Interior
Interior Features Accessory Apartment, Separate Heating Controls
Heating Baseboard, Forced Air, Natural Gas, Propane
Cooling None
Fireplace No
Appliance Hot Water Tank Owned, Microwave
Laundry Coin Operated
Exterior
Exterior Feature Separate Hydro Meters, Storage Buildings
Garage Detached Garage, Exclusive, Gravel
Garage Spaces 2.0
Fence Fence - Partial
Waterfront No
Waterfront Description Access to Water
Roof Type Asphalt Shing
Street Surface Paved
Handicap Access Accessible Hallway(s), Multiple Entrances, Open Floor Plan
Porch Deck
Lot Frontage 167.0
Lot Depth 157.0
Garage Yes
Building
Lot Description Rectangular, Ample Parking, School Bus Route
Faces highway 11 north merge south Highway 12 turn left Rama Rd , turn right Monck Rd. corner of Monck Rd and Rama Dalton Boundary Rd
Story 2
Foundation Block
Sewer Septic Tank
Water Well
Level or Stories 2
Structure Type Block,Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 740130042
Ownership Freehold/None