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Renanza Realty
For sale

136 PURDY ROAD

Cramahe, Ontario

MLS® X13737922

$699,000

Status
Active
Property type
Industrial
MLS® number
X13737922
Bedrooms
Bathrooms
Year built

Listing description

An outstanding investment opportunity with excellent Highway 401 access and visibility in Colborne. This established storage facility features 31 storage units in a range of sizes, including units within the main building and Sea-Can storage units, along with additional commercial and outdoor storage space. With a projected cap rate of approximately 8.

5%, the property offers an attractive opportunity for an investor, storage operator, contractor or business owner seeking operational space combined with income potential. The property is zoned General Industrial-1 (MG-1), allowing for a broad range of uses, including warehousing, outside storage, equipment sales, rental and repair, contractor or tradesperson yard and shop facilities, manufacturing, processing, assembly or fabricating, service shops, building supply operations, transportation-related uses and other permitted industrial uses. Buyers are encouraged to complete their own due diligence regarding zoning and their intended use.

The current vacancy rate is higher than normal, see attached disclosure. The present vacancy should therefore not be considered representative of the property's historical or stabilized occupancy. With multiple units immediately available, a new owner has the opportunity to actively lease the vacant space, establish their own rental structure and grow revenue.

Its accessible location near Highway 401 makes this a versatile income-producing property with excellent potential for both investment and business use.

Property summary

MLS® number
X13737922
Property type
Industrial
Square footage
25,000 sq ft
Land size
25000 acres
Annual property taxes
$4,294.00
Days on market
20 days

Features & details

Heating
Forced air, Natural gas
Cooling
None
Appliances
Washer, Dryer, Window Air Conditioner

What would this home cost you?

Based on the $699,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,252 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of ROYAL HERITAGE REALTY LTD., COLBORNE.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.