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$ 699,900
Est. payment /mo
New
9 SIMCOE STREET Kawartha Lakes, ON K9V2G2
5 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Subdivision Lindsay
MLS® Listing ID X14141386
Bedrooms 5
Property Description
An exceptional opportunity to own a fully tenanted, five-unit residential investment property in the heart of Lindsay! Situated on an expansive 62' x 173' lot in the desirable South Ward, this legal non-conforming fiveplex offers immediate rental income and exciting long-term potential. Set in an established neighbourhood with mature trees and charming homes, the property is a short walk from vibrant downtown Lindsay, with shopping, restaurants, parks, schools and everyday amenities nearby. Fleming College's Frost Campus is also conveniently located, adding to the property's appeal for potential tenants. The building features five self-contained units: three 1-bedroom apartments, one 2-bedroom apartment and one bachelor apartment, all currently rented. Additional highlights include eight parking spaces, a full basement with ample storage, a high-efficiency boiler installed in 2019, a new front porch, new soffits and a generously sized backyard for tenants to enjoy. The substantial lot also offers potential for additional residential units at the rear of the property, subject to municipal approvals and applicable zoning and building requirements. With an established rental history, excellent location and possible future expansion opportunities, this is an attractive addition to any investment portfolio. Don't miss this income-generating opportunity! (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Sewer Holding Tank
Listed by Keller Williams Edge Realty