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$899,000
Available - For Sale
Listing ID: X11952177
Rare Legal 5-Plex in the Heart of Fenelon Falls with 3 Vacant Units! Located on historic Oak Street overlooking the Locks, this grand 5-Unit building is a prime investment opportunity with Five 1-Bedroom Units and over $150K in recent upgrades. Three VACANT fully furnished units allow you to set your own rents, making it ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, and a master key system with smart locks for seamless management. Recent renovations include new kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $77,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include a new roof (2014), updated windows, 20-year plumbing, and new heat pumps installed in 2023 for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement for additional income.Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Clean Phase 1 ESA (2021) available. Financials available upon request.
Price $899,000
Taxes: $3,409.12
Tax Type: Annual
Occupancy by: Tenant
Address: 18 Oak St , Kawartha Lakes, K0M 1N0, Ontario
Postal Code: K0M 1N0
Province/State: Ontario
Legal Description: LT 4 N/S OAK ST PL 100; PT LT 3 N/S OAK
Lot Size: 76.75 x 144.56 (Feet)
Directions/Cross Streets: Oak / Water
Zoning: R5
Category: Apartment
Building Percentage: Y
Total Area: 4,130
Total Area Code:  Sq Ft
Area Influences: Rec Centre  
Approximatly Age: 100+
Taxes Expense: $3409
Insurance Expense: $4945
 Hydro Expense:  $1500
Water Expense: $2367
Gross Income/Sales: $77052
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Heat Type: Baseboard
Central Air Conditioning: Part
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Keller Williams Signature Realty, Brokerage

18 Oak St , Kawartha Lakes, K0M 1N0, Ontario


 
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Type: Com - Investment
Area: Kawartha Lakes
Municipality: Kawartha Lakes
Neighbourhood: Fenelon Falls
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Lot Size: 76.75 x 144.56(Feet)
Approximate Age: 100+
Tax: $3,409.12
Maintenance Fee: $0
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Baths: 2
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