$1,199,000
Available - For Sale
Listing ID: X13053178
1578 County 8 Road , Kawartha Lakes, K0M 1N0, Kawartha Lakes
| 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. |
| Price | $1,199,000 |
| Taxes: | $8660.00 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 1578 County 8 Road , Kawartha Lakes, K0M 1N0, Kawartha Lakes |
| Postal Code: | K0M 1N0 |
| Province/State: | Kawartha Lakes |
| Legal Description: | PT LT 17-18 CON 6 VERULAM AS IN R401266; |
| Directions/Cross Streets: | County rd 8 / East Beehive Rd |
| 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: | With Property |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 1.35 |
| Total Area Code: | Acres |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | HAVEN SENIOR LIVING INC. |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 9am - 8 |
| Employees #: | 0 |
| Seats: | 20 |
| Net Income Before Debt: | $175866 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Part |
| Washrooms: | 13 |
| Heat Type: | Propane Gas |
| Central Air Conditioning: | Yes |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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| ROYAL HERITAGE REALTY LTD. |
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Hala Elkilany
Sales Representative
Dir:
647-502-2121
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Kawartha Lakes |
| Municipality: | Kawartha Lakes |
| Neighbourhood: | Verulam |
| Tax: | $8,660 |
| Baths: | 13 |
| Fireplace: | N |
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