For Sale - 479 Eldon Road, Kawartha Lakes, Ontario

Est payment $13,205/mo
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AI Summary *

  • Fully tenanted 15-unit apartment building with stable cash flow.
  • Includes 15.9-acre vacant land parcel with development potential.
  • Currently generating approximately $186,000 annual gross income.
  • Six units have been renovated, offering renovation potential for others.
  • New roof installed in 2023, ensuring reduced maintenance costs.




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. Rent roll, financial statements, and additional due diligence materials available to qualified purchasers upon request.
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

* 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.

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