$2,750,000
Available - For Sale
Listing ID: X13492578
479 Eldon Road , Kawartha Lakes, K0M 2C0, Kawartha Lakes
| 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. |
| Price | $2,750,000 |
| Taxes: | $2242.54 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 479 Eldon Road , Kawartha Lakes, K0M 2C0, Kawartha Lakes |
| Postal Code: | K0M 2C0 |
| Province/State: | Kawartha Lakes |
| Legal Description: | LT 20 W/S KING ST AND N/S MILL ST PL 79; |
| Directions/Cross Streets: | Eldon Rd & Little Britain Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 18.92 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Septic |
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| KELLER WILLIAMS REFERRED URBAN REALTY |
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Ali Shahpazir
Sales Representative
Dir:
416-473-8225
Bus:
416-473-8225
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Little Britain |
| Tax: | $2,242.54 |
| Fireplace: | N |
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