FOURPLEX INVESTMENT OPPORTUNITY (Seller financing opportunity) for anyone looking to expand their portfolio or enter the rental market. Once known as The Grand Trunk Railway Hotel, this building has character and charm that cant be replicated. Seller is willing to consider a Vendor Take Back (VTB). The fourplex is divided into four distinct units, each with its own unique layout and appeal. Unit 1: A spacious 3-bdrm, 1-bath apartment. Unit 2: This unit offers 3 bedrooms and 3 bathrooms, including one full 4-piece bathroom and two additional 2-piece bathrooms. Unit 3: A cozy, yet functional, unit with 1 bdrm plus an additional bedroom and 1 bathroom. Unit 4: A bachelor pad with an additional large mudroom. Its an excellent way to capitalize on the growing demand for smaller, affordable living spaces. Each unit is metered separately for both hydro and gas, which makes it easier for the owner to manage utilities and for tenants to pay for their own consumption. This is a huge selling point for potential renters, as they have greater control over their costs, and it simplifies management for the investor. The large, private yard with mature trees adds further value to the property. The space offers a peaceful retreat for tenants, ideal for outdoor relaxation or hosting gatherings. Additionally, the building has received some updates, including a recently installed metal roof. This is a major advantage, as it minimizes future maintenance costs and gives the property a modern, durable feature. In summary, this fourplex is not just a building, its a property with history, character, and incredible potential.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
2 1/2 Storey
Total Approx Floor Area:
3500-5000
Lot Depth:
198'2½"60.4 m
Lot Frontage:
78'4"23.9 m
Lot Shape:
Irregular
Direction Faces:
West
Bedrooms:
7+1
Bathrooms:
5.0
Water supply:
Municipal
Kitchens:
4
Bedrooms Above Grade:
7
Bedrooms Below Grade:
1
Kitchens Above Grade:
4
Rooms Above Grade:
17
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Unknown
Roof:
Metal, Asphalt Shingle
Basement:
Unfinished, Partial Basement
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
4
Total Parking Spaces:
4.0
Family Room:
No
Possession Details:
Flexible
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$3,195.71 /
2025
Assessment:
$- /
-
Northumberland
Cramahe
Colborne
Water Heater Owned
N/A
3 x Fridge, 3 x Stove, 1 Dishwasher, Shed
Appliances In Unit 4 and all tenant belongings Unit 4, all tenant belongings in unit 2
Data was last updated April 16, 2026 at 02:15 PM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$635,000
Min list price:
$199,900
Max list price:
$1,499,900
Avg days on market:
87
Min days on market:
3
Max days on market:
708
These statistics are generated based on the current listing's property type
and located in
Colborne. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.