$2,750,000
Available - For Sale
Listing ID: X13492578
479 Eldon Road , Kawartha Lakes, K0M 2C0, Kawartha Lakes
| 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. Rent roll, financial statements, and additional due diligence materials available to qualified purchasers upon request. |
| Price | $2,750,000 |
| Taxes: | $2242.54 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 479 Eldon Road , Kawartha Lakes, K0M 2C0, Kawartha Lakes |
| Postal Code: | K0M 2C0 |
| Province/State: | Kawartha Lakes |
| Legal Description: | LT 20 W/S KING ST AND N/S MILL ST PL 79; |
| Directions/Cross Streets: | Eldon Rd & Little Britain Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 18.92 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Septic |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS REFERRED URBAN REALTY |
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Hossein Vanishoja
Broker, ABR, SRS, P.Eng
Dir:
416-300-8000
Bus:
888-884-0105
Fax:
888-884-0106
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Little Britain |
| Tax: | $2,242.54 |
| Fireplace: | N |
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