479 Eldon Road Kawartha Lakes, Ontario K0M 2C0
$2,750,000
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. Rent roll, financial statements, expenses, and additional information available to qualified purchasers upon request. (id:63616)
Property Details
| MLS® Number | X13491558 |
| Property Type | Multi-family |
| Community Name | Little Britain |
| Amenities Near By | Golf Nearby, Hospital, Place Of Worship |
| Features | Irregular Lot Size, Flat Site |
| Parking Space Total | 25 |
Building
| Bathroom Total | 15 |
| Bedrooms Above Ground | 12 |
| Bedrooms Total | 12 |
| Age | 51 To 99 Years |
| Appliances | Dryer, Stove, Washer, Water Treatment, Water Softener, Refrigerator |
| Basement Development | Partially Finished |
| Basement Type | N/a (partially Finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Other |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
Parking
| No Garage |
Land
| Acreage | Yes |
| Land Amenities | Golf Nearby, Hospital, Place Of Worship |
| Sewer | Septic System |
| Size Frontage | 354 Ft ,8 In |
| Size Irregular | 354.7 Ft ; Includes Both Lots See Survey |
| Size Total Text | 354.7 Ft ; Includes Both Lots See Survey|10 - 24.99 Acres |
| Zoning Description | A1 & Hr1 |
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June 25 2026 11:43:46
Toronto Regional Real Estate Board
Keller Williams Referred Urban Realty