Property Information:

Excellent investment opportunity featuring a fully tenanted 15-unit apartment building together with a 15.9-acre vacant land parcel in the Hamlet of Little Britain, north of Port Perry and west of Lindsay. Offered for sale as one package, this property present a rare combination of stable cash flow, value-added potential, and future development opportunities. The 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 annual net operating income. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing future upside through the renovation of the remaining suites. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan illustrating the potential for 10 residential lots. The combination of in-place income, rental growth potential, and significant land holdings creates a compelling opportunity for investors, developers, and land bankers alike. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 19 ac
Heating Type: Baseboard heaters
Cooling Type: None
Appliances: Dryer, Washer, Water Treatment, Water softener

Property Features:

Property Type: Multi-family
Features: Irregular lot size
Floor Space (approx): 19 Square Feet
Irregular: Yes
Lot Frontage: 354.6 Feet
Lot Size: 18.92 Acres
Zoning: A1 & HR1
Sewer: Septic System
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