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
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
Other
Area
Cavan Monaghan
Sub-Area
Millbrook
County
Peterborough
Bedrooms
8
Bathrooms
7
Floor Area
< 700 Sq. Ft.
Lot Depth
97
Lot Size Units
Feet
Lot Width
37
MLS® Number
X12078984
Listing Brokerage
ROYAL HERITAGE REALTY LTD.
Basement Area
Crawl Space
Postal Code
L0A 1G0
Parking
Lane, Private
Parking Places (Total)
5
Tax Amount
$4,712.00
Tax Year
2024
Interior Features
Water Heater Owned, Separate Hydro Meter, Water Meter
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Foundation Details
Stone
Garage Type
Detached
Kitchens Total
5
Pool Features
None
Roof
Asphalt Rolled
Waterfront
None
Sewer
Sewer