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$ 1,499,000
Est. payment | /mo
8,731 SqFt
$ 1,499,000
Est. payment | /mo
8,731 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,731 sqft
Price per Sqft $171
Subdivision Lindsay
MLS Listing ID X12158767
Annual Tax Amount $22,715
Tax Year 2024
Property Sub-Type Investment
Property Description
Phenomenal 7% Cap Rate, Turnkey 10-unit apartment building presents a rare investment opportunity in a prime location, surrounded by ongoing development and poised for future growth. The property features a diverse unit mix, including 4 one-bedroom, 1 two-bedroom, 3 three-bedroom, and 2 four-bedroom units. Over $235,000 has been invested in extensive capital improvements, including a New Roof & Windows, renovations to 4 units with new plumbing, kitchens, bathrooms, flooring, appliances, and finishes, upgrades to the common areas and outdoor stairwells, installation of new high-efficiency laundry facilities, and stucco restoration and exterior refinishing. Hydro is separately metered, with some tenants paying their own and others having it included in rent. Offering solid cash flow from day one with a strong rental upside, located in a rapidly developing area with excellent long-term growth potential.
Location
Province ON
County Kawartha Lakes
Community Lindsay
Area Kawartha Lakes
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 112.2
Lot Depth 137.34
Building
New Construction false
Listed by MYSAK REALTY INC.
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