New Listing
9 Simcoe Street,Kawartha Lakes (Lindsay), ON K9V2G2
Kawartha Lakes (Lindsay), ON K9V2G2
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. Four of the units are currently rented and one unit vacant and marketed for rent. 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:374)
Details
| MLS # | X14141386 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 4 |
| Listing Provided By | Keller Williams Edge Realty | CAMERON SULLIVAN |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Zoning | R2 |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat, Natural gas |
| Appliances | Refrigerator, Stove |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 8 |
Utilities
| Sewer | Holding Tank |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4957.8 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kawartha Lakes (Lindsay) |
| Postal Code | K9V2G2 |
| Listing VS Median (in K9V2G2) | |
Price: $699,900 low | high Med: $699,900 sqft: 2,000 low | high Med: 2,000 $ / sqft: $350 low | high Med: $350 On site: 4 low | high Med: 4 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Kawartha Lakes (Lindsay) |
| Postal Code | K9V2G2 |
| Listing VS Median (in K9V2G2) | |
Price: $699,900 low | high Med: $699,900 sqft: 2,000 low | high Med: 2,000 $ / sqft: $350 low | high Med: $350 On site: 4 low | high Med: 4 | |
