479 ELDON ROAD
Kawartha Lakes (Little Britain), Ontario
MLS® X13491558
$2,750,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13491558
- Bedrooms
- 12
- Bathrooms
- 15
- Year built
- —
1 / 46Listing description
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.
Property summary
- MLS® number
- X13491558
- Property type
- Multi-family
- Building type
- Other
- Land size
- 354.7 FT ; Includes both lots see survey
- Annual property taxes
- $22,442.54
- Parking
- 25 spaces · No Garage
- Days on market
- 65 days
Features & details
- Heating
- Other, Other
- Cooling
- None
- Basement
- Partially finished, N/A
- Appliances
- Washer, Refrigerator, Water softener, Stove, Dryer, Water Treatment
- Exterior features
- Brick
- Lot features
- Irregular lot size, Flat site
What would this home cost you?
Based on the $2,750,000 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 KELLER WILLIAMS REFERRED URBAN REALTY, TORONTO.
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.