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$2,750,000
Kawartha Lakes
479 Eldon Road, Kawartha Lakes (Little Britain), Ontario, K0M2C0
This multi-family property in Kawartha Lakes is for sale offering roughly 19 sq ft of space.
Excellent investment opportunity featuring a fully tenanted 15-unit apartment building together with a 15.9-acre vacant land parcel in the Hamlet of Little Britain, north of Port Perry and west of Lindsay. Offered for sale as one package, this property present a rare combination of stable cash flow, value-added potential, and future development opportunities. The apartment building consists of 12 one-bedroom units and 3 studio units and currently generates approximately $186,000 in annual gross income and approximately $122,000 in annual net operating income. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing future upside through the renovation of the remaining suites. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan illustrating the potential for 10 residential lots. The combination of in-place income, rental growth potential, and significant land holdings creates a compelling opportunity for investors, developers, and land bankers alike. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 131 days on market, against an average age of 46 days across the listings currently for sale in this city
This multi-family in Kawartha Lakes (Little Britain) 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 $2,750,000, about 34.4× the local median household income of $80,000.
Carrying it typically needs a household income of about $537,171 (20% down, 25-yr amortization, stress-tested) — roughly 571% 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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