42 WELLINGTON STREET
Kawartha Lakes (Lindsay), Ontario
MLS® X14109296
$579,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14109296
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- —
Listing description
Centrally located legal non-conforming brick triplex generating $5,140/month in gross rental income, situated on a generous 50 x 200 ft lot with excellent future potential. This income-producing property offers approximately 2,300 sq ft of living space across three residential units, three separate hydro meters, ample parking, and two additional rented detached structures providing supplementary rental income. The unit mix includes an upper-level 2-bed, 1-bath apartment ($1,235/month); a main-floor 2-bed, 1-bath apartment ($1,219/month); and an updated main-floor 1-bed, 1-bath apartment ($1,786/month).
Additional rental income comes from a detached brick double tandem garage, currently leased at $500/month, and a separate two-storey barn, leased at $400/month. An unfinished basement provides free shared laundry for tenants along with additional storage space. Set on a substantial 200-foot-deep lot with plenty of parking, just steps from downtown Lindsay, Kent Street shopping and dining, the new Foundry development, and everyday amenities.
An excellent investment opportunity with strong existing rental income, multiple income streams, and a large lot in a convenient central location.
Property summary
- MLS® number
- X14109296
- Property type
- Multi-family
- Building type
- Other
- Land size
- 50.7 x 200.5 FT
- Annual property taxes
- $3,895.20
- Parking
- 8 spaces · Detached Garage, Garage
- Days on market
- 9 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- Wall unit
- Basement
- Unfinished, N/A
- Flooring
- Vinyl
- Exterior features
- Brick
What would this home cost you?
Based on the $579,900 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 RIGHT AT HOME 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.