46 photos
479 Eldon Road, Kawartha Lakes, ON K0M 2C0
Little Britain · Kawartha Lakes · K0M 2C0
$2,750,000
About this property
Excellent investment opportunity featuring a fully tenanted, 15-unit apartment building on just under 3 acres together with a 15.9-acre vacant land parcel with a concept plan for 10 residential lots located in the Hamlet of Little Britain near Lindsay, north of Port Perry. Offered for sale together, these unique properties combine strong in-place cash flow with future development potential. The 15-unit apartment building consists of 12 one-bedroom units and 3 studio units and currently generates approximately $186,000 in annual gross income and approximately $122,000 in NOI. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing investors with an opportunity for future rental growth through the renovation of the remaining units. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan for 10 residential lots, offering additional long-term potential for investors, developers, or land bankers. Rarely does a property offer the combination of stable income, value-add potential, and future development opportunities in one package.
Details
- Property type
- Multiplex · Residential Freehold
- Bedrooms
- 12
- Bathrooms
- 15
- Living area
- 3500-5000 sq ft
- Lot
- Includes both lots see survey
- Year built
- 51-99
- Style
- 2-Storey
- Heating
- Other · Other
- Cooling
- None
- Sewer / septic
- Septic
- Basement
- Partially Finished
- Garage
- None
- Parking total
- 25
- Taxes
- $22,443 (2026)
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$12,176
Principal and interest only, using Canadian semi-annual compounding. Taxes, insurance, and CMHC premiums (required under 20% down) are extra. For planning, not a lending commitment.
Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. Listing data provided by the originating real estate board via PropTx Amplify Syndication.
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Information is deemed reliable but not guaranteed accurate. Room measurements are deemed reliable but not guaranteed.