479 ELDON ROAD
Kawartha Lakes (Little Britain), Ontario
MLS® X13492578
$2,750,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13492578
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 46Listing description
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.
Property summary
- MLS® number
- X13492578
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 19 sq ft
- Land size
- 18.92 acres
- Annual property taxes
- $2,242.54
- Parking
- 25 spaces
- Days on market
- 64 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
- Appliances
- Washer, Water softener, Dryer, Water Treatment
- Lot features
- Irregular lot size
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.