$875,000
( $231.97Per Sq Foot )
 $4,697 est/mo Sourced by Back At You

Address Unavailable , Ramara, ON L0K 1W0

Ramara, ON L0K 1W0

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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.

Details

MLS#S10894847
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site169
Listing Provided ByLakeview Realty Inc., Brokerage, Orillia | Not Provided

Features

Bed(s)9
Bath(s)4
SQ Feet3,772
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 4 hours ago
StateON
CountySimcoe
CityRamara
Zip CodeL0K 1W0
AreaRural Ramara
Listing VS Median (in L0K 1W0)
Price:
$875,000
low | high
Med:
$875,000
50% of Average
SqFt:
3,772
low | high
Med:
3,772
50% of Average
$ / SqFt:
$232
low | high
Med:
$232
50% of Average
On Site:
169
low | high
Med:
169.000000
100% of Average
Sourced by Back At You
Listing Updated: January 29, 2025 at 7:40:38 PM PST