$799,900
Available - For Sale
Listing ID: X12254588
18 Oak Stre , Kawartha Lakes, K0M 1N0, Kawartha Lakes
| Rare 5-Plex in the heart of Fenelon Falls! This income-producing property features 5 x 1-Bed Units generating $6,700/month and $80,000 annually, with upside to $105,000. A prime investment offering turnkey income with separate entrances, hydro meters, and plenty of parking. Located on historic Oak Street beside the vibrant downtown district, this 3300+ sq ft building offers over $150K in recent upgrades. Three fully furnished units allow you to maximize income, ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, and a master key system with smart locks for seamless management. Recent renovations include kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $80,000 and a potential income of $105,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include windows, plumbing, and heat pumps (2023) for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement for additional income.Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Financials available upon request. Three units are currently vacant (short-term rentals). |
| Price | $799,900 |
| Taxes: | $3409.12 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 18 Oak Stre , Kawartha Lakes, K0M 1N0, Kawartha Lakes |
| Postal Code: | K0M 1N0 |
| Province/State: | Kawartha Lakes |
| Legal Description: | LT 4 N/S OAK ST PL 100; PT LT 3 N/S OAK |
| Directions/Cross Streets: | Oak / Water |
| 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 |
| Building Percentage: | T |
| Total Area: | 3375.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Recreation/Comm |
| Approximatly Age: | 100+ |
| Water Expense: | $2367 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 2 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
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| Keller Williams Signature Realty, Brokerage |
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Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Fenelon Falls |
| Approximate Age: | 100+ |
| Tax: | $3,409.12 |
| Baths: | 2 |
| Fireplace: | N |
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