Turn key 10 Plex More Photos

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    For Sale - 97 CAMBRIDGE Street, Kawartha Lakes, Ontario

    Est payment $7,683/mo
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    Time on Jump  8 day

    AI Summary *

    • Prime investment opportunity in a high-demand neighborhood close to downtown.
    • Strong 8.67% cap rate with potential for increased returns.
    • Heavily renovated units with room for additional value-added improvements.
    • Secure building with key-coded access and surveillance for tenant safety.
    • Potential to convert to a 12-plex for increased income opportunities.




    Prime investment opportunity in lindsay -10-plex with exceptional upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and fleming college, it offers a strong 8. 67% cap rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the profit potential: hydro separation infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-unit conversion: the building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return.
    Listing IDX14031188
    Address97 CAMBRIDGE Street
    CityKawartha Lakes, Ontario
    Price$1,600,000
    Bed25
    StyleInvestment
    Land Size0.55
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air ClosedHeating Fuel GasSewer Sanitary

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    Listing Brokerage: Royal Lepage Kawartha Lakes Realty Inc.

    * 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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