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$ 1,190,000
Est. payment | /mo
13 Baths
$ 1,190,000
Est. payment | /mo
13 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Verulam
MLS Listing ID X12615528
Annual Tax Amount $8,084
Tax Year 2025
Property Sub-Type Investment
Property Description
A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for 55+ living and boasts a strong 10.7 % cap rate with AAA tenants already in place. Located just steps from Eganridge Resort, this property offers the perfect blend of tranquility and convenience - only 1.5 hours from the GTA.The building features, 8 private single units, 1 two-bedroom apartment, 1 commercial unit currently used as a residential suite. Shared amenities including a spacious dining area with a cozy fireplace, a bright and welcoming lounge with a second fireplace, a fully-equipped kitchen, and a common laundry room. Sitting on a 1.3-acre lot, the property offers generous green space and ample parking. Each unit includes a private walk-out patio, adding to the comfort and independence of its residents. Tenants have two meals provided in their rent. Making this a turnkey opportunity for those looking to semi-retire in the Kawarthas. Alternatively, investors can add kitchenettes to each unit already rough in and the tenants can share the common kitchen. Endless options to expand by adding a second floor or addition to the building to increase cash flow. Whether you're looking to expand your real estate portfolio or embrace a lifestyle investment, this unique property delivers. Add this gem to your investment portfolio today!
Location
Province ON
County Kawartha Lakes
Area Kawartha Lakes
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 327.39
Lot Depth 191.13
Others
Security Features Partial ,Yes
ParcelsYN No
Listed by ROYAL HERITAGE REALTY LTD.
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