1578 County Road Kawartha Lakes, Ontario K0M 1N0
$1,480,000
A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for senior living and boasts a strong 7.8% cap rate with AAA tenants already in place. Located just steps from Eganridge Resort, this property offers the perfect blend of tranquility and convenience - only 1.5 hours from the GTA.The building features, 8 private single units, 1 two-bedroom apartment, 1 commercial unit currently used as a residential suite. Shared amenities including a spacious dining area with a cozy fireplace, a bright and welcoming lounge with a second fireplace, a fully-equipped commercial kitchen, and a common laundry room. Sitting on a 1.3-acre lot, the property offers generous green space and ample parking. Each unit includes a private walk-out patio, adding to the comfort and independence of its residents. Tenants are currently served lunch and dinner daily, making this a turnkey opportunity for those looking to semi-retire in the Kawarthas with a passion for cooking. Alternatively, investors can hire staff to manage meals and rent out the owner's suite for additional income. Whether you're looking to expand your real estate portfolio or embrace a lifestyle investment, this unique property delivers. Add this gem to your investment portfolio today! (id:57691)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12123890 |
| Property Type | Multi-family |
| Community Name | Verulam |
| ParkingSpaceTotal | 15 |
Building
| BathroomTotal | 13 |
| CoolingType | Fully Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 1 Ac |
| Type | Multi-family |
| UtilityWater | Drilled Well |
Land
| Acreage | Yes |
| SizeDepth | 191 Ft ,1 In |
| SizeFrontage | 327 Ft ,4 In |
| SizeIrregular | 1.43 |
| SizeTotal | 1.43 Ac |
| SizeTotalText | 1.43 Ac |
| ZoningDescription | C |
https://www.realtor.ca/real-estate/28259049/1578-county-road-kawartha-lakes-verulam-verulam
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May 23 2025 04:12:13
Durham Region Association of REALTORS®
Royal Heritage Realty Ltd.