Welcome to the heart of growing and flourishing downtown Millbrook. This mixed-use building is perfect for the discretionary investor looking to access the rental and commercial market in the area. The property boasts 4 large residential units, 2 thriving commercial units and 1 exterior garage (used as storage presently). All units are occupied with the majority at market rents. Each tenant has been properly vetted and takes pride in the property. The present owner has spent close to $300K on renovations and upgrades to the building. All tenants pay their own heat/hydro making the monthly costs favorable.
Address
32 King Street E
List Price
$1,299,900
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Area
Cavan Monaghan
Sub-Area
Millbrook
County
Peterborough
Lot Depth
97
Lot Type
Lot
Lot Size Units
Feet
Lot Width
37
MLS® Number
X12069244
Listing Brokerage
ROYAL HERITAGE REALTY LTD.
Postal Code
L0A 1G0
Tax Amount
$4,712.00
Tax Year
2024
Heat Type
Baseboard
Cooling Features
Yes
Garage Type
Lane
Security Features
No