25 Bedroom
8207 sqft
None
Forced Air
$1,800,000
Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). Additional Building Lot: A separate, prime building lot directly behind the property (fronting George St) is also available to purchase together or separately-perfect for future development. This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return. (id:56087)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
|
Name
|
97 Cambridge Street South |
Property Details
|
MLS® Number
|
X13493556 |
|
Property Type
|
Multi-family |
|
Community Name
|
Lindsay |
|
Amenities Near By
|
Highway, Public Transit |
|
Features
|
Irregular Lot Size |
Building
|
Bedrooms Total
|
25 |
|
Age
|
51 To 99 Years |
|
Appliances
|
Water Heater |
|
Cooling Type
|
None |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Exterior
|
8207 Sqft |
|
Size Interior
|
8207 Sqft |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Highway, Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
210 Ft ,6 In |
|
Size Frontage
|
114 Ft ,2 In |
|
Size Irregular
|
0.55 |
|
Size Total
|
0.55 Ac |
|
Size Total Text
|
0.55 Ac |
|
Zoning Description
|
Rm2 (h) |
https://www.realtor.ca/real-estate/29957794/97-cambridge-street-s-kawartha-lakes-lindsay-lindsay
