Exceptional opportunity to acquire 22-unit rental complex in Colborne, Ontario. Significant rental upside as 15 years rent control under forgivable RRAP conversion loan completed in April 2022. Fully-occupied with 19 studio suites and 3 x 1-brm suites on 2.05 acres with ample parking. New Phase I ESA and Building Condition Assessments on file.

22 Units 100% Occ 2.05 Acres 13,030 Sq Ft Residential 3-5 (R3-5) Zoning 22+ Parking

Full of potential and beautifully located close to downtown yet nearly abutting the scenic Rotary Greenway Trail along the east bank of the Otonabee River, this grand, unique rental property is currently operating with 7 rental apartments. Spacious units, high ceilings, some units fully renovated.

7 Units 71% Occ .37 Acres 5,858 Sq Ft R1, R2, R3 Zoning 8 Parking