97 Cambridge Street S,Kawartha Lakes (Lindsay), ON K9V3C6
Kawartha Lakes (Lindsay), ON K9V3C6
Description
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. (id:374)
Details
| MLS # | X14031188 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 12 |
| Listing Provided By | Royal Lepage Kawartha Lakes Realty Inc. | John Kozak |
Features
| Bed(s) | 25 |
|---|---|
| SQ Feet | 8,207 |
| Zoning | RM2 (H) |
| Acreage | 0.55 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Irregular lot size |
|---|
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 29184 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kawartha Lakes (Lindsay) |
| Postal Code | K9V3C6 |
| Listing VS Median (in K9V3C6) | |
Price: $1,600,000 low | high Med: $1,600,000 sqft: 8,207 low | high Med: 5,854 $ / sqft: $195 low | high Med: $326 On site: 12 low | high Med: 11.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kawartha Lakes (Lindsay) |
| Postal Code | K9V3C6 |
| Listing VS Median (in K9V3C6) | |
Price: $1,600,000 low | high Med: $1,600,000 sqft: 8,207 low | high Med: 5,854 $ / sqft: $195 low | high Med: $326 On site: 12 low | high Med: 11.5 | |