ON
Kawartha Lakes (Little Britain)
K0M2C0
479 Eldon Road
479 Eldon Road, Kawartha Lakes (Little Britain), ON K0M2C0
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Listing Type
Multi Family
Listing Status
Active
46
$2,750,000

Home Details for 479 Eldon Road

Price
$2,750,000
Type
Residential Income
Lot size acres
18.92
Listing #
X13492578
Property Description

Excellent investment opportunity featuring a fully tenanted 15-unit apartment building together with a 15.9-acre vacant land parcel in the Hamlet of Little Britain, north of Port Perry and west of Lindsay. Offered for sale as one package, this property present a rare combination of stable cash flow, value-added potential, and future development opportunities. The 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 annual net operating income. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing future upside through the renovation of the remaining suites. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan illustrating the potential for 10 residential lots. The combination of in-place income, rental growth potential, and significant land holdings creates a compelling opportunity for investors, developers, and land bankers alike. Rent roll, financial statements, and additional due diligence materials available to qualified purchasers upon request. (id:31684)

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Baseboard
Listing Courtesy: KELLER WILLIAMS REFERRED URBAN REALTY
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EXIT REALTY LIFTLOCK, BROKERAGE
850 Lansdowne St. W, Peterborough, ON K9J 1Z6
Office
705 749 3948
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