ON > Kawartha Lakes
Kawartha Lakes, ON K0M 1N0,18 Oak ST
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Kawartha Lakes, ON K0M 1N0,18 Oak ST
Kawartha Lakes, ON K0M 1N0,18 Oak ST
Kawartha Lakes, ON K0M 1N0,18 Oak ST
Kawartha Lakes, ON K0M 1N0,18 Oak ST
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Jan Ayres

Jan Ayres

+1(613) 327-5915
$ 899,000
Est. payment /mo
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18 Oak ST Kawartha Lakes, ON K0M 1N0

6 Beds

5 Baths

UPDATED:

02/03/2025 02:01 PM

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 6

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

Zoning R5

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 Number 1

Fireplaces Type Electric

Inclusions Fridge x5, Stove x5, Dishwasher x1, Microwave x2, Coin Washer, Coin Dryer. Furniture in Units 1, 4, 5 negotiable.

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

Foundation Stone

Listed by Keller Williams Signature Realty, Brokerage
agent

Jan Ayres

+1(613) 327-5915

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18 Oak ST