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Kawartha Lakes,ON K0M 1N0
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Municipality Kawartha Lakes
MLS Listing ID X11952178
Style 3-Storey
Bedrooms 5
Annual Tax Amount $3,409
Tax Year 2024
Property Description
Rare Legal 5-Plex in the Heart of Fenelon Falls with 3 Vacant Units! Located on historic Oak Street overlooking the Locks, this grand 5-Unit building is a prime investment opportunity with Five 1-Bedroom Units and over $150K in recent upgrades. Three VACANT fully furnished units allow you to set your own rents, making it ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, and a master key system with smart locks for seamless management. Recent renovations include new kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $77,000 offering a 6.25% cap rate, and a potential income of $96,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include a new roof (2014), updated windows, 20-year plumbing, and new heat pumps installed in 2023 for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement for additional income.Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Clean Phase 1 ESA (2021) available. Financials available upon request.
Location
State ON
County Kawartha Lakes
Community Fenelon Falls
Area Kawartha Lakes
Region Fenelon Falls
City Region Fenelon Falls
Rooms
Family Room Yes
Basement Partially Finished,Full
Kitchen 5
Separate Den/Office 1
Interior
Interior Features Separate Heating Controls,Separate Hydro Meter
Cooling Wall Unit(s)
Fireplaces Type Electric
Fireplace Yes
Heat Source Electric
Exterior
Exterior Feature Deck,Porch
Parking Features Private
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 7675.0
Lot Depth 144.56
Total Parking Spaces 6
Building
Unit Features Beach,Lake Access,Marina,Waterfront,Lake/Pond,Rec./Commun.Centre
Foundation Stone