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$1,499,000
Available - For Sale
Listing ID: X12158767
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.
Price $1,499,000
Taxes: $22,715
Tax Type: Annual
Occupancy by: Tenant
Address: 65 Glenelg Stre West , Kawartha Lakes, K9V 2V5, Kawartha Lakes
Postal Code: K9V 2V5
Province/State: Kawartha Lakes
Legal Description: PT LT 16, SOUTH OF GLENELG ST W, TOWN OF
Directions/Cross Streets: Victoria Ave S/Kent St W
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: 8,731
Total Area Code:  Square Feet
Maintenance: 0
Water Expense: $7304
Expenses Actual/Estimated: $Est
Heat Type: Other
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
MYSAK REALTY INC.

65 Glenelg Stre West , Kawartha Lakes, K9V 2V5, Kawartha Lakes


 
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At a Glance:
Type: Com - Investment
Area: Kawartha Lakes
Municipality: Kawartha Lakes
Neighbourhood: Lindsay
Style:
Lot Size: x 137.34(Feet)
Approximate Age:
Tax: $22,715
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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