$1,190,000
Available - For Sale
Listing ID: X12615528
1578 County 8 Road , Kawartha Lakes, K0M 1N0, Kawartha Lakes
| A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for 55+ living and boasts a strong 10.7 % cap rate with AAA tenants already in place. Located just steps from Eganridge Resort, this property offers the perfect blend of tranquility and convenience - only 1.5 hours from the GTA.The building features, 8 private single units, 1 two-bedroom apartment, 1 commercial unit currently used as a residential suite. Shared amenities including a spacious dining area with a cozy fireplace, a bright and welcoming lounge with a second fireplace, a fully-equipped kitchen, and a common laundry room. Sitting on a 1.3-acre lot, the property offers generous green space and ample parking. Each unit includes a private walk-out patio, adding to the comfort and independence of its residents. Tenants have two meals provided in their rent. Making this a turnkey opportunity for those looking to semi-retire in the Kawarthas. Alternatively, investors can add kitchenettes to each unit already rough in and the tenants can share the common kitchen. Endless options to expand by adding a second floor or addition to the building to increase cash flow. Whether you're looking to expand your real estate portfolio or embrace a lifestyle investment, this unique property delivers. Add this gem to your investment portfolio today! |
| Price | $1,190,000 |
| Taxes: | $8084.00 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 1578 County 8 Road , Kawartha Lakes, K0M 1N0, Kawartha Lakes |
| Postal Code: | K0M 1N0 |
| Province/State: | Kawartha Lakes |
| Legal Description: | PT LT 17-18 CON 6 VERULAM AS IN R401266; |
| Directions/Cross Streets: | County rd 8 / East Beehive Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 1.35 |
| Total Area Code: | Acres |
| Financial Statement: | T |
| Chattels: | T |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | Part |
| Washrooms: | 13 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL HERITAGE REALTY LTD. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Verulam |
| Tax: | $8,084 |
| Baths: | 13 |
| Fireplace: | N |
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