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$ 1,280,000
Est. payment /mo
Price Dropped by $119K
1578 COUNTY 8 ROAD Kawartha Lakes (verulam), ON K0M1N0
13 Baths
1 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,280,000
Subdivision Verulam
MLS® Listing ID X12476514
Lot Size 1.430 Acres
Acres 1.43
Source Central Lakes Association of REALTORS®
Property Description
A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for 55+ living and boasts a strong 9.9 % cap rate with AAA tenants already in place. Located just steps from Eganridge Resort, this property offers the perfect blend of tranquility and convenience - only 1.5 hours from the GTA.The building features, 8 private single units, 1 two-bedroom apartment, 1 commercial unit currently used as a residential suite. Shared amenities including a spacious dining area with a cozy fireplace, a bright and welcoming lounge with a second fireplace, a fully-equipped kitchen, and a common laundry room. Sitting on a 1.3-acre lot, the property offers generous green space and ample parking. Each unit includes a private walk-out patio, adding to the comfort and independence of its residents. Tenants have two meals provided in their rent. Making this a turnkey opportunity for those looking to semi-retire in the Kawarthas. Alternatively, investors can add kitchenettes to each unit already rough in and the tenants can share the common kitchen. Endless options to expand by adding a second floor or addition to the building to increase cash flow. Whether you're looking to expand your real estate portfolio or embrace a lifestyle investment, this unique property delivers. Add this gem to your investment portfolio today! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 15
Private Pool No
Listed by ROYAL HERITAGE REALTY LTD.