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Home ON Kawartha Lakes Lindsay
65 GLENELG STREET W
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65 GLENELG STREET W $1,499,000
$1,499,000
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65 GLENELG STREET W
Kawartha Lakes (Lindsay), Ontario K9V2V5

MLS® Number: X12158767

Listing 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 New Roof & Windows, renovations to 4 units with new plumbing, kitchens, bathrooms, flooring, appliances, and finishes, upgrades to the common areas and outdoor stairwells, installation of new high-efficiency laundry facilities, and stucco restoration and exterior refinishing. 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. (40494502)

Location Description

Victoria Ave S/Kent St W

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Lindsay
Land Size
112.2 x 137.34 FT ; 112.20' X 137.34'
Annual Property Taxes
$22,715
Time on REALTOR.ca
76 days

Building

Interior Features
Appliances Included
Dryer, Washer
Heating & Cooling
Heating Type
Other
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)

Measurements

Square Footage
8731 sqft

Land

Lot Features
Frontage
112 ft ,2 in
Land Depth
137 ft ,4 in
Other Property Information
Zoning Description
M1
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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