136 PURDY ROAD
Cramahe, Ontario
MLS® X13737922
$699,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- X13737922
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 23Listing 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.
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.