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65 GLENELG STREET W Kawartha Lakes (lindsay), ON K9V2V5
8,731 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,731 sqft
Price per Sqft $171
Subdivision Lindsay
MLS® Listing ID X12158767
Source Toronto Regional Real Estate Board
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by MYSAK REALTY INC.
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