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18 Oak Street Kawartha Lakes, Ontario K0M 1N0

6 Bedroom 5 Bathroom 2999.975 - 3499.9705 sqft
Fireplace Wall Unit Heat Pump Waterfront

$899,000

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, 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. (id:57691)

Property Details

MLS® Number X11952178
Property Type Multi-family
Community Name Fenelon Falls
AmenitiesNearBy Beach, Marina
CommunityFeatures Community Centre
ParkingSpaceTotal 6
Structure Deck, Porch
WaterFrontType Waterfront

Building

BathroomTotal 5
BedroomsAboveGround 5
BedroomsBelowGround 1
BedroomsTotal 6
Amenities Fireplace(s), Separate Heating Controls, Separate Electricity Meters
Appliances Dishwasher, Dryer, Furniture, Microwave, Refrigerator, Stove, Washer
BasementDevelopment Partially Finished
BasementType Full (partially Finished)
CoolingType Wall Unit
ExteriorFinish Wood
FireplacePresent Yes
FireplaceTotal 1
FoundationType Stone
HeatingFuel Electric
HeatingType Heat Pump
StoriesTotal 3
SizeInterior 2999.975 - 3499.9705 Sqft
Type Other
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Beach, Marina
Sewer Sanitary Sewer
SizeDepth 144 Ft ,7 In
SizeFrontage 7675 Ft
SizeIrregular 7675 X 144.6 Ft
SizeTotalText 7675 X 144.6 Ft|under 1/2 Acre
SurfaceWater Lake/pond
ZoningDescription R5

https://www.realtor.ca/real-estate/27869069/18-oak-street-kawartha-lakes-fenelon-falls-fenelon-falls

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