479 Eldon Road,Kawartha Lakes (Little Britain), ON K0M2C0
Kawartha Lakes (Little Britain), ON K0M2C0
Description
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. (id:13843)
Details
| MLS # | X13491558 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 119 |
| Listing Provided By | KELLER WILLIAMS REFERRED URBAN REALTY | CAROL EVANS |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 15 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | A1 & HR1 |
Interior
| Cooling | None |
|---|---|
| Heating | Other, Other |
| Appliances | Washer, Refrigerator, Water softener, Stove, Dryer, Water Treatment |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Lot Features | Irregular lot size, Flat site |
| Foundation Details | Poured Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 25 |
Utilities
| Sewer | Septic System |
|---|
Taxes
| Tax Annual Amount | 22442.54 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kawartha Lakes (Little Britain) |
| Postal Code | K0M2C0 |
| Listing VS Median (in K0M2C0) | |
Price: $2,750,000 low | high Med: $764,400 sqft: 3,500 low | high Med: 900 $ / sqft: $786 low | high Med: $889 On site: 119 low | high Med: 78.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kawartha Lakes (Little Britain) |
| Postal Code | K0M2C0 |
| Listing VS Median (in K0M2C0) | |
Price: $2,750,000 low | high Med: $764,400 sqft: 3,500 low | high Med: 900 $ / sqft: $786 low | high Med: $889 On site: 119 low | high Med: 78.5 | |