1578 County 8 Road,Kawartha Lakes (Verulam), ON K0M1N0
Kawartha Lakes (Verulam), ON K0M1N0
Description
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:13843)
Details
| MLS # | X13053178 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 114 |
| Listing Provided By | Royal Heritage Realty Ltd. | MICHAEL JANCSIK |
Features
| Bath(s) | 13 Total |
|---|---|
| Zoning | C2 |
| Acreage | 1.43 |
Parking
| Parking Total | 15 |
|---|
Taxes
| Tax Annual Amount | 8660 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kawartha Lakes (Verulam) |
| Postal Code | K0M1N0 |
| Listing VS Median (in K0M1N0) | |
Price: $1,099,900 low | high Med: $674,950 On site: 114 low | high Med: 3 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kawartha Lakes (Verulam) |
| Postal Code | K0M1N0 |
| Listing VS Median (in K0M1N0) | |
Price: $1,099,900 low | high Med: $674,950 On site: 114 low | high Med: 3 | |
