Jayne Porter

Sales Representative

jayneporter@sympatico.ca

Cell: 416-435-2005
Office: 705-660-2255

MLS®: X12615528

Status: For sale

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$1,190,000

Location:

1578 County 8 Road, Kawartha Lakes (verulam) Ontario, K0M1N0

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! (id:2471)

Property:
Type: Multi-family
Lot Dimensions: 1.43	Acreage: 1.43 ac
Water: Drilled Well

Structure:
Style: Multi-Family	Square Footage: 1 ac
Bathrooms: 13
Cooling Type: Fully air conditioned

BALL Real Estate Inc., Brokerage - Norwood

Jayne Porter
Sales Representative

Email Me

Telephone:
705-660-2255

Cellular:
416-435-2005

Listing Office: ROYAL HERITAGE REALTY LTD.

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Jayne Porter

1578 County 8 Road, Kawartha Lakes (verulam) Ontario, K0M1N0

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