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    For Sale - 479 Eldon Road, Kawartha Lakes, Ontario

    Est payment $13,205/mo
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    Views   2
    Time on Jump  59 day

    AI Summary *

    • Fully tenanted 15-unit apartment building on nearly 3 acres of land.
    • Approximately 186,000 annual gross income with solid cash flow.
    • Opportunity for increased rental income through renovating remaining units.
    • Includes 15.9 acres of vacant land with plans for 10 residential lots.
    • Recent roof installation in 2023 ensures long-term structural integrity.




    Excellent investment opportunity featuring a fully tenanted, 15-unit apartment building on just under 3 acres together with a 15. 9-acre vacant land parcel with a concept plan for 10 residential lots located in the hamlet of little britain near lindsay, north of port perry. Offered for sale together, these unique properties combine strong in-place cash flow with future development potential. The 15-unit apartment building consists of 12 one-bedroom units and 3 studio units and currently generates approximately $186,000 in annual gross income and approximately $122,000 in noi. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing investors with an opportunity for future rental growth through the renovation of the remaining units. New roof installed in 2023. Included in the offering is an approximately 15. 9-acre vacant land parcel with a completed concept plan for 10 residential lots, offering additional long-term potential for investors, developers, or land bankers. Rarely does a property offer the combination of stable income, value-add potential, and future development opportunities in one package.
    Listing IDX13491558
    Address479 Eldon Road
    CityKawartha Lakes, Ontario
    Price$2,750,000
    Bed / Bath12 / 15 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    Land Size18.92
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneAmenities Golf, Hospital, Place Of WorshipOwnership FreeholdViews Trees/WoodsAppliances ParkingBasement Partially FinishedFoundation Poured ConcreteHeating / Cooling OtherHeating Fuel OtherSewer Septic

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    Listing Agency:  KELLER WILLIAMS REFERRED URBAN REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

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    479 Eldon Road
    Kawartha Lakes , Ontario
    12 15 $2,750,000
    Get more info