479 Eldon Road Kawartha Lakes, Ontario K0M 2C0

$2,750,000

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:55460)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X13492578
Property Type	Multi-family
Community Name	Little Britain
Features	Irregular Lot Size
Parking Space Total	25

Building

Appliances	Dryer, Washer, Water Treatment, Water Softener
Cooling Type	None
Heating Type	Baseboard Heaters
Size Interior	19 Acres
Type	Multi-family

Land

Acreage	Yes
Sewer	Septic System
Size Frontage	354 Ft ,7 In
Size Irregular	18.92
Size Total	18.92 Ac
Size Total Text	18.92 Ac
Zoning Description	A1 & Hr1

https://www.realtor.ca/real-estate/29957202/479-eldon-road-kawartha-lakes-little-britain-little-britain