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$ 2,750,000
Est. payment | /mo
12 Beds
15 Baths
10 Acres Lot
$ 2,750,000
Est. payment | /mo
12 Beds
15 Baths
10 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Little Britain
MLS Listing ID X13491558
Style 2-Storey
Bedrooms 12
Annual Tax Amount $22,442
Tax Year 2026
Lot Size 10.000 Acres
Property Sub-Type Multiplex
Property Description
Excellent investment opportunity featuring a fully tenanted, 15-unit apartment building on just under 3 acres together with a 15.9-acre vacant land parcel with a concept plan for 10 residential lots located in the Hamlet of Little Britain near Lindsay, north of Port Perry. Offered for sale together, these unique properties combine strong in-place cash flow with future development potential. The 15-unit 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 NOI. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing investors with an opportunity for future rental growth through the renovation of the remaining units. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan for 10 residential lots, offering additional long-term potential for investors, developers, or land bankers. Rarely does a property offer the combination of stable income, value-add potential, and future development opportunities in one package. Rent roll, financial statements, expenses, and additional information available to qualified purchasers upon request.
Location
State ON
County Kawartha Lakes
Area Kawartha Lakes
Zoning A1 & HR1
Rooms
Basement Partially Finished
Kitchen 15
Interior
Interior Features None
Cooling None
Inclusions 15 Fridges, 15 Stoves, 2 Coin-Operated Washers, 2 Coin-Operated Dryers, Water Softener, Water Filtration System
Exterior
Parking Features None
Pool None
View Trees/Woods
Roof Type Membrane
Total Parking Spaces 25
Building
Building Age 51-99
Foundation Poured Concrete
Lited by KELLER WILLIAMS REFERRED URBAN REALTY