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$1,099,900
Kawartha Lakes
1578 County 8 Road, Kawartha Lakes (Verulam), Ontario, K0M1N0
This multi-family property in Kawartha Lakes is for sale.
Are you looking for a new business or a High Cash Flow Investment with 11.2% CAP? This is a turnkey Well Maintained Multi-Unit building. Rare opportunity to own a proven income-producing property. With AAA tenants and a flexible model suited for hands-on operators or passive investors. Offering 8 single units, 1 two-bedroom apartment, and 1 commercial unit, plus shared amenities including a dining area with a fireplace, a lounge, a full kitchen, and common laundry. Zoned C2 the commercial unit could be used as a convenience store, restaurant, and much more. Situated on a 1.3-acre lot, it offers ample parking, green space, and private walk-out patios for each unit. Tenants currently receive meal services, creating an assisted-living style income stream. Option to hire out meals and maintenance for a hands-off investment. Value-add potential includes adding kitchenettes or expanding the building to increase cash flow. Conveniently located between Fenelon Falls and Bobcaygeon. Just steps to Eganridge Resort for dining and golfing and approx. 1.5 hours from the GTA. Turnkey opportunity with strong returns and future growth potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 190 days on market, against an average age of 81 days across the listings currently for sale in this city
This multi-family in Kawartha Lakes (Verulam) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,099,900, about 13.7× the local median household income of $80,000.
Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 169% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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