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Kelly Martindale

kellymartindale@live.com +1(905) 242-3747

Est. payment | -/mo

8,207 SqFt

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Est. payment | -/mo

Save Virtual Tour

8,207 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 8,207 sqft

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

Zoning RM2 (H)

Rooms

Kitchen 0

Interior

Cooling No

Inclusions Fridges x 10, Stoves x 10, coin operated laundry, change machines, camera monitoring system, picnic tables x 2, bikes Racks x 3, 9 Hot Water Tanks

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

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Listed by Royal Lepage Kawartha Lakes Realty Inc.

Schools and Properties Nearby

Kelly Martindale

Real Estate Agent

+1(905) 242-3747 | kellymartindale@live.com

97 CAMBRIDGE ST S Kawartha Lakes, ON K9V 3C6

Kelly Martindale

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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97 CAMBRIDGE ST S

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