8 January,2025
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Canadian Mortgages

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$875,000
Available - For Sale
Listing ID: S10894847
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.
Price $875,000
Taxes: $958
Assessment: $95000
Assessment Year: 2023
Occupancy by: Tenant
Address: 5880 RAMA DALTON BOUNDARY , Ramara, L0K 1W0, Ontario
Postal Code: L0K 1W0
Province/State: Ontario
Legal Description: PT LT 21 CON B RAMA PTS 1 & 2, 51R4236 T
Lot Size: 167 x 157 (Feet)
Directions/Cross Streets: highway 11 north merge south Highway 12 turn left Rama Rd , turn right Monck Rd. corner of Monck Rd
Zoning: C3
Total Area: 3,772
Total Area Code:  Sq Ft
Approximatly Age: 51-99
Financial Statement: Y
Chattels: Y
Insurance Expense: $3140
 Management Expense: 4620
Maintenance: 2,800
 Heat Expenses: $4655
 Hydro Expense:  $3606
Operating Expenses: $23489
Net Income Before Debt: $93600
Expenses Actual/Estimated: $Act
Heat Type: Forced Air
Central Air Conditioning: None
Sewers: Septic
Water: Well
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Lakeview Realty Inc., Brokerage, Orillia

5880 RAMA DALTON BOUNDARY , Ramara, L0K 1W0, Ontario

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Ramara
Neighbourhood: Rural Ramara
Style:
Lot Size: 167.00 x 157.00(Feet)
Approximate Age: 51-99
Tax: $958
Maintenance Fee: $2,800
Beds:
Baths: 4
Garage: 0
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Maria Tompson
Your Company Name , Brokerage
Independently owned and operated.
416-548-7854 sales@bestforagents.com
Office Address : 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
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