97 Cambridge Street S, Kawartha Lakes (Lindsay), Ontario

About 97 Cambridge Street S

Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8.67% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return. (id:6289)

More Info on this Lindsay Other MLS® listing

97 Cambridge Street S is an other listing for sale in Kawartha Lakes (Lindsay). The MLS® number is X14082878. It features 23 bedrooms, 10 bathrooms. It's currently listed for $1,600,000. For more details on MLS® X14082878, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This other listing in Lindsay is available now!

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Have a similar home to 97 Cambridge Street S? If you’re thinking about selling your Lindsay other property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Kawartha Lakes (Lindsay) property.

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