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$ 799,900
Est. payment /mo
New
18 OAK STREET Kawartha Lakes (fenelon Falls), ON K0M1N0
2 Baths
3,375 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,375 sqft
Price per Sqft $237
Subdivision Fenelon Falls
MLS® Listing ID X12254588
Source The Oakville, Milton & District Real Estate Board
Property Description
Rare 5-Plex in the heart of Fenelon Falls! This income-producing property features 5 x 1-Bed Units generating $6,700/month and $80,000 annually, with upside to $105,000. A prime investment offering turnkey income with separate entrances, hydro meters, and plenty of parking. Located on historic Oak Street beside the vibrant downtown district, this 3300+ sq ft building offers over $150K in recent upgrades. Three fully furnished units allow you to maximize income, 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 kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $80,000 and a potential income of $105,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include windows, plumbing, and heat pumps (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. Financials available upon request. Three units are currently vacant (short-term rentals). (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Others
Virtual Tour https://photos.app.goo.gl/HPBkNCFJ3as4WiMc8
Listed by Keller Williams Signature Realty, Brokerage