$2,750,000
Available - For Sale
Listing ID: X13491558
479 Eldon Road , Kawartha Lakes, K0M 2C0, Kawartha Lakes
| 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. Rent roll, financial statements, expenses, and additional information available to qualified purchasers upon request. |
| Price | $2,750,000 |
| Taxes: | $22442.54 |
| Occupancy: | Tenant |
| Address: | 479 Eldon Road , Kawartha Lakes, K0M 2C0, Kawartha Lakes |
| Acreage: | 10-24.99 |
| Directions/Cross Streets: | Eldon Rd & Little Britain Rd |
| Rooms: | 43 |
| Bedrooms: | 12 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Partially Fi |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 25 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 3500-5000 |
| Property Features: | Golf, Hospital |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Other |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Septic |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS REFERRED URBAN REALTY |
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|
Sharon Soltanian
Broker Of Record
Dir:
416-892-0188
Bus:
416-901-8881
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Little Britain |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $22,442.54 |
| Beds: | 12 |
| Baths: | 15 |
| Fireplace: | N |
| Pool: | None |
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