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MLS®: X13493556 |
Status: For sale
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Location:
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97 Cambridge Street S, Kawartha Lakes (lindsay) Ontario, K9V3C6
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Description: |
Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). Additional Building Lot: A separate, prime building lot directly behind the property (fronting George St) is also available to purchase together or separately-perfect for future development. This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return. (id:2471) |
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Property: |
| Type: Multi-family |
| Lot Dimensions: 0.55 | Acreage: 0.55 ac |
| Sewer: Sanitary sewer | Water: Municipal water |
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Structure: |
| Style: Multi-Family | Square Footage: 8207 sqft |
| Bedrooms: 25 |
| Heating: Forced air |
| Heating Type: Natural gas |
| Cooling Type: None |
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Features:
 | Irregular lot size |
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BALL Real Estate Inc., Brokerage - Norwood
Jayne Porter
Sales Representative
Email Me
Telephone:705-660-2255
Cellular:416-435-2005
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Listing Office: Royal Lepage Kawartha Lakes Realty Inc.
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**Broker *Sales Representative
