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$1,480,000
Available - For Sale
Listing ID: X12123890
A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for senior living and boasts a strong 7.8% 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 commercial 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 are currently served lunch and dinner daily, making this a turnkey opportunity for those looking to semi-retire in the Kawarthas with a passion for cooking. Alternatively, investors can hire staff to manage meals and rent out the owner's suite for additional income. 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!
Price $1,480,000
Taxes: $8,084
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner+T
Address: 1578 County Road , Kawartha Lakes, K0M 1N0, Kawartha Lakes
Postal Code: K0M 1N0
Province/State: Kawartha Lakes
Legal Description: PT LT 17-18 CON 6 VERULAM AS IN R401266;
Directions/Cross Streets: County rd 8 / East Beehive Rd
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 1.35
Total Area Code:  Acres
Maintenance: 0
Sprinklers: Part
Heat Type: Baseboard
Central Air Conditioning: Yes
Water: Drilled W
Water Supply Types: Drilled Well
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL HERITAGE REALTY LTD.

1578 County Road , Kawartha Lakes, K0M 1N0, Kawartha Lakes


 
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Type: Com - Investment
Area: Kawartha Lakes
Municipality: Kawartha Lakes
Neighbourhood: Verulam
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Lot Size: x 191.13(Feet)
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Tax: $8,084
Maintenance Fee: $0
Beds: 0
Baths: 13
Garage: 0
Fireplace: N
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