1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M1N0
Are you looking for a new business or a High Cash Flow Investment with 11.2% CAP? This is a turnkey Well Maintained Multi-Unit building. Rare opportunity to own a proven income-producing property. With AAA tenants and a flexible model suited for hands-on operators or passive investors. Offering 8 single units, 1 two-bedroom apartment, and 1 commercial unit, plus shared amenities including a dining area with a fireplace, a lounge, a full kitchen, and common laundry. Zoned C2 the commercial unit could be used as a convenience store, restaurant, and much more. Situated on a 1.3-acre lot, it offers ample parking, green space, and private walk-out patios for each unit. Tenants currently receive meal services, creating an assisted-living style income stream. Option to hire out meals and maintenance for a hands-off investment. Value-add potential includes adding kitchenettes or expanding the building to increase cash flow. Conveniently located between Fenelon Falls and Bobcaygeon. Just steps to Eganridge Resort for dining and golfing and approx. 1.5 hours from the GTA. Turnkey opportunity with strong returns and future growth potential. (id:2471)
ROYAL HERITAGE REALTY LTD., BROKERAGE
- 705-212-9996
- (705) 328 3800
- (705) 878 3422
- Info@Jancsiks.com
- Property Address: 1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M1N0
- Community Name: Verulam
- Property Type: Multi-family
- Zoning Description: C2
- Lot Size: 1.43
- Acreage: 1.43 ac
- Water Type: Drilled Well
- Total Parking Spaces: 15
- Maintenance Fee: 0.00
- Structure Style: Multi-Family
- Floor Space: 1 ac
- Bathrooms: 13-Total
- Cooling: Fully air conditioned
Listing Offices: ROYAL HERITAGE REALTY LTD.
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