1578 COUNTY 8 ROAD
Kawartha Lakes (Verulam), Ontario
MLS® X13053928
$1,099,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13053928
- Bedrooms
- —
- Bathrooms
- 13
- Year built
- —
1 / 48Listing 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.
Property summary
- MLS® number
- X13053928
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 1 sq ft
- Land size
- 1.43 acres
- Annual property taxes
- $8,660.00
- Parking
- 15 spaces
- Days on market
- 120 days
Features & details
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,099,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal Heritage Realty Ltd., Bobcaygeon.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.