For Sale - 479 Eldon Road, Kawartha Lakes, Ontario

Est payment $13,205/mo
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Time on Jump  54 day

AI Summary *

  • Fully tenanted 15-unit apartment building with stable cash flow.
  • Includes 15.9-acre vacant land parcel with development potential.
  • Currently generates approximately $186,000 in annual gross income.
  • Six renovated units offer future renovation opportunities for increased revenue.
  • New roof installed in 2023 adds value and lowers maintenance concerns.




Excellent investment opportunity featuring a fully tenanted 15-unit apartment building together with a 15. 9-acre vacant land parcel in the hamlet of little britain, north of port perry and west of lindsay. Offered for sale as one package, this property present a rare combination of stable cash flow, value-added potential, and future development opportunities. The 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 annual net operating income. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing future upside through the renovation of the remaining suites. New roof installed in 2023. Included in the offering is an approximately 15. 9-acre vacant land parcel with a completed concept plan illustrating the potential for 10 residential lots. The combination of in-place income, rental growth potential, and significant land holdings creates a compelling opportunity for investors, developers, and land bankers alike.
Listing IDX13492578
Address479 Eldon Road
CityKawartha Lakes, Ontario
Price$2,750,000
StyleInvestment
Land Size18.92
TypeIndustrial/Commercial
StatusFor Sale

Subtype InvestmentHeating / Cooling BaseboardSewer Septic

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Listing Agency:  KELLER WILLIAMS REFERRED URBAN REALTY

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