$1,499,000
Available - For Sale
Listing ID: X12158767
65 Glenelg Stre West , Kawartha Lakes, K9V 2V5, Kawartha Lakes
| 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: | $22715.00 |
| Tax Type: | Annual |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 8731.00 |
| Total Area Code: | Square Feet |
| Water Expense: | $7304 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | No |
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| MYSAK REALTY INC. |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Lindsay |
| Tax: | $22,715 |
| Fireplace: | N |
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