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Royal LePage
Royal LePage
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$1,099,900

1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

MLS® # X13053928

Kawartha Lakes (Verulam) ON, K0M 1N0

MLS® # X13053928

Property Information:

Are you looking for a new business or a High Cash Flow Investment with 11.2% CAP? This is a turnkey Well Maintained Multi-Unit building. Rare opportunity to own a proven income-producing property. With AAA tenants and a flexible model suited for hands-on operators or passive investors. Offering 8 single units, 1 two-bedroom apartment, and 1 commercial unit, plus shared amenities including a dining area with a fireplace, a lounge, a full kitchen, and common laundry. Zoned C2 the commercial unit could be used as a convenience store, restaurant, and much more. Situated on a 1.3-acre lot, it offers ample parking, green space, and private walk-out patios for each unit. Tenants currently receive meal services, creating an assisted-living style income stream. Option to hire out meals and maintenance for a hands-off investment. Value-add potential includes adding kitchenettes or expanding the building to increase cash flow. Conveniently located between Fenelon Falls and Bobcaygeon. Just steps to Eganridge Resort for dining and golfing and approx. 1.5 hours from the GTA. Turnkey opportunity with strong returns and future growth potential. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 1 ac
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 13
  • Floor Space (approx): 1 Square Feet
  • Irregular: Yes
  • Lot Depth: 191.1 Feet
  • Lot Frontage: 327.3 Feet
  • Lot Size: 1.43 Acres
  • Zoning: C2
  • No. of Parking Spaces: 15

Courtesy of: Royal Heritage Realty Ltd.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

Demographic Information of 1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$119,459.04

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.85 %

High school certificate or equivalent

33.79 %

Apprenticeship trade certificate/diploma

10.06 %

College/non-university certificate

27.61 %

University certificate (below bachelor)

2.84 %

University Degree

12.84 %

Commuter

Travel To Work

By Car

98.2 %

By Public Transit

0.0 %

By Walking

1.8 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.65 %

Houses

99.35 %

Own Vs. Rent

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