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479 ELDON ROAD, Kawartha Lakes (Little Britain) — listed at $2,750,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Excellent investment opportunity featuring a fully tenanted 15-unit apartment building together with a 15.9-acre vacant land parcel in the Hamlet of Little Britain, north of Port Perry and west of Lindsay. Offered for sale as one package, this property present a rare combination of stable cash flow, value-added potential, and future development opportunities. The 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 annual net operating income. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing future upside through the renovation of the remaining suites. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan illustrating the potential for 10 residential lots. The combination of in-place income, rental growth potential, and significant land holdings creates a compelling opportunity for investors, developers, and land bankers alike. (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,242.54, heating is baseboard heaters. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 25 spaces.
What makes this a luxury property?+
At $2,750,000, standout features include 19 sq ft. In this price range, expect higher-end finishes — verify during a showing.
How is the home heated? Is it efficient?+
Heating is baseboard heaters. Ask for past utility bills to understand real heating costs.
Who is 479 ELDON ROAD best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
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