1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M1N0

Property Description

A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for 55+ living and boasts a strong 10.7 % cap rate with AAA tenants already in place. Located just steps from Eganridge Resort, this property offers the perfect blend of tranquility and convenience - only 1.5 hours from the GTA.The building features, 8 private single units, 1 two-bedroom apartment, 1 commercial unit currently used as a residential suite. Shared amenities including a spacious dining area with a cozy fireplace, a bright and welcoming lounge with a second fireplace, a fully-equipped kitchen, and a common laundry room. Sitting on a 1.3-acre lot, the property offers generous green space and ample parking. Each unit includes a private walk-out patio, adding to the comfort and independence of its residents. Tenants have two meals provided in their rent. Making this a turnkey opportunity for those looking to semi-retire in the Kawarthas. Alternatively, investors can add kitchenettes to each unit already rough in and the tenants can share the common kitchen. Endless options to expand by adding a second floor or addition to the building to increase cash flow. Whether you're looking to expand your real estate portfolio or embrace a lifestyle investment, this unique property delivers. Add this gem to your investment portfolio today! (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 13
• Living Area: 1 sq ft (0.1 m²)
• Attached: Yes
• Parking: 15 spaces
• Lot Size: 1.4300 acres (0.58 ha)
• Frontage: 327 ft (99.8 m)

Costs

• Annual Taxes: $8,084.00

Listing Provided by: ROYAL HERITAGE REALTY LTD.
Board: Central Lakes Association of REALTORS®
Data provided via CREA DDF®.