$ 1,800,000
-
$1,800,000
Price -
25
Bed -
0
Bath -
0
SqFt
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About the Listing 111500 -
Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Commercial Sale
MLS ®
X13493556
Year Built
Total Square Footage
0
Lot/Acreage
0.55
Interior Details
- Bedrooms: 25
- Bathrooms: 0 Full
- Appliances:
- Air Cond: No
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary
- Parking Features: No Garage
Financial Details
- Tax Amount: $25,020
- Taxes w/Assessments: N/A
- Tax/Property ID: 632350232
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
97 Cambridge St S Kawartha Lakes, ON K9V 3C6
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