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For Sale - 479 Eldon Road, Kawartha Lakes, Ontario

479 Eldon Road

Kawartha Lakes , Ontario

12 15 $2,750,000

Est payment $13,205/mo

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Time on Jump 120 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.

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Purchase Price

Term

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Down Payment:
$ 137,500 ( 5% )

First Time Buyer:
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New Build:
Yes No

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

Extras

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

Market Info

Parking 25.00

Listing Brokerage: KELLER WILLIAMS REFERRED URBAN REALTY

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Listing Brokerage: KELLER WILLIAMS REFERRED URBAN REALTY

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Hospital

Parks

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Place of Worship

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For Sale - 479 Eldon Road, Kawartha Lakes, Ontario

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Property Info

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