65 Glenelg Street W Kawartha Lakes, Ontario K9V 2V5
$1,499,000
Phenomenal 7% Cap Rate, Turnkey 10-unit apartment building presents a rare investment opportunity in a prime location, surrounded by ongoing development and poised for future growth. The property features a diverse unit mix, including 4 one-bedroom, 1 two-bedroom, 3 three-bedroom, and 2 four-bedroom units. Over $235,000 has been invested in extensive capital improvements, including a complete exterior waterproofing and caulking ($55,000), renovations to 4 units with new plumbing, kitchens, bathrooms, flooring, appliances, and finishes ($96,000), as well as upgrades to the common areas and outdoor stairwells ($15,000). Additional improvements include the installation of new high-efficiency laundry facilities ($15,000), a new roof and windows ($33,000), and stucco restoration and exterior refinishing ($21,000). Hydro is separately metered, with some tenants paying their own and others having it included in rent. Offering solid cash flow from day one with a strong rental upside, located in a rapidly developing area with excellent long-term growth potential. (id:53661)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12158767 |
| Property Type | Multi-family |
| Community Name | Lindsay |
Building
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Heating Type | Other |
| Size Interior | 8,731 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 137 Ft ,4 In |
| Size Frontage | 112 Ft ,2 In |
| Size Irregular | 112.2 X 137.34 Ft ; 112.20' X 137.34' |
| Size Total Text | 112.2 X 137.34 Ft ; 112.20' X 137.34' |
| Zoning Description | M1 |
https://www.realtor.ca/real-estate/28335735/65-glenelg-street-w-kawartha-lakes-lindsay-lindsay
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May 20 2025 05:05:06
Toronto Regional Real Estate Board
Mysak Realty Inc.
