$899,000
Available - For Sale
Listing ID: X11952177
18 Oak St , Kawartha Lakes, K0M 1N0, Ontario
| Rare Legal 5-Plex in the Heart of Fenelon Falls with 3 Vacant Units! Located on historic Oak Street overlooking the Locks, this grand 5-Unit building is a prime investment opportunity with Five 1-Bedroom Units and over $150K in recent upgrades. Three VACANT fully furnished units allow you to set your own rents, making it ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, and a master key system with smart locks for seamless management. Recent renovations include new kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $77,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include a new roof (2014), updated windows, 20-year plumbing, and new heat pumps installed in 2023 for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement for additional income.Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Clean Phase 1 ESA (2021) available. Financials available upon request. |
| Price | $899,000 |
| Taxes: | $3409.12 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 18 Oak St , Kawartha Lakes, K0M 1N0, Ontario |
| Postal Code: | K0M 1N0 |
| Province/State: | Ontario |
| Legal Description: | LT 4 N/S OAK ST PL 100; PT LT 3 N/S OAK |
| Lot Size: | 76.75 x 144.56 (Feet) |
| Directions/Cross Streets: | Oak / Water |
| Category: | Apartment |
| Building Percentage: | Y |
| Total Area: | 4130.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Rec Centre |
| Approximatly Age: | 100+ |
| Taxes Expense: | $3409 |
| Insurance Expense: | $4945 |
| Hydro Expense: | $1500 |
| Water Expense: | $2367 |
| Gross Income/Sales: | $77052 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 2 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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At a Glance:
| Type: | Com - Investment |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Fenelon Falls |
| Lot Size: | 76.75 x 144.56(Feet) |
| Approximate Age: | 100+ |
| Tax: | $3,409.12 |
| Baths: | 2 |
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