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Royal LePage
Royal LePage
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$1,800,000

97 CAMBRIDGE STREET S, Kawartha Lakes (Lindsay), Ontario, K9V 3C6

MLS® # X13493556

Kawartha Lakes (Lindsay) ON, K9V 3C6

MLS® # X13493556

Property Information:

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% 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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 8207 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 25
  • Amenities Nearby: Highway, Public Transit
  • Features: Irregular lot size
  • Floor Space (approx): 8207 Square Feet
  • Irregular: Yes
  • Lot Depth: 210.5 Feet
  • Lot Frontage: 114.2 Feet
  • Lot Size: 0.55 Acres
  • Zoning: RM2 (H)
  • Sewer: Sanitary sewer

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⚠ Potential Investment Performance

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Location of 97 CAMBRIDGE STREET S, Kawartha Lakes (Lindsay), Ontario, K9V 3C6

Demographic Information of 97 CAMBRIDGE STREET S, Kawartha Lakes (Lindsay), Ontario, K9V 3C6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$76,665.90

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.98 %

High school certificate or equivalent

43.03 %

Apprenticeship trade certificate/diploma

5.95 %

College/non-university certificate

23.26 %

University certificate (below bachelor)

1.22 %

University Degree

6.56 %

Commuter

Travel To Work

By Car

79.37 %

By Public Transit

0.0 %

By Walking

12.33 %

By Bicycle

0.0 %

By Other Methods

8.3 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

43.99 %

Houses

56.01 %

Own Vs. Rent

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