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$ 1,800,000
Est. payment | /mo
8,207 SqFt
$ 1,800,000
Est. payment | /mo
8,207 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,207 sqft
Price per Sqft $219
Subdivision Lindsay
MLS Listing ID X13493556
Annual Tax Amount $25,020
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Kawartha Lakes
Area Kawartha Lakes
Rooms
Kitchen 0
Interior
Cooling No
Heat Source Gas
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 114.2
Lot Depth 210.57
Building
Building Age 51-99
New Construction false
Others
Security Features Partial
ParcelsYN No
Virtual Tour https://video-api.supreme.one/jJ6pMr?branded=false
Listed by Royal Lepage Kawartha Lakes Realty Inc.
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