Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Partially finished
Basement Type: N/A
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Floor Space: 3500 - 5000 sqft
Foundation Type: Poured Concrete
Heating Type: Other
Heating Fuel: Other
Cooling Type: None
Appliances: Dryer, Stove, Washer, Water Treatment, Water softener, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 12
Bathrooms: 15
Amenities Nearby: Golf Nearby, Hospital
Features: Irregular lot size, Flat site
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Lot Frontage: 354.7 Feet
Lot Size: 354.7 FT ; Includes both lots see survey
Zoning: A1 & HR1
Sewer: Septic System
Parking Type: No Garage
No. of Parking Spaces: 25

Courtesy of: KELLER WILLIAMS REFERRED URBAN REALTY

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Demographic Information of 479 ELDON ROAD, Kawartha Lakes, Ontario, K0M 2C0

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$126,380.05

Average Number of Children

1.90

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.45 %

High school certificate or equivalent

34.52 %

Apprenticeship trade certificate/diploma

9.1 %

College/non-university certificate

31.37 %

University Degree

6.56 %

Commuter

Travel To Work

By Car

90.95 %

By Public Transit

0.0 %

By Walking

5.34 %

By Bicycle

0.0 %

By Other Methods

3.71 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

9.07 %

Houses

90.93 %

479 ELDON ROAD, Kawartha Lakes, Ontario, K0M 2C0