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Active
Address not disclosed Kawartha Lakes, ON K0M 2M0
18 SqFt
UPDATED:
02/13/2025 09:13 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 18 sqft
Price per Sqft $161,111
Subdivision Little Britain
MLS Listing ID X9514713
Annual Tax Amount $19,948
Tax Year 2024
Property Sub-Type Investment
Property Description
*** Fully Leased 15 Units Apartment Building* 90% of rents are almost half the market value!! Now the NOI=$100k, In 2025 as per vendor will rise to approximately $165K*, New Roof recently installed plus upgrading some common area and some units cost of approx. $150,000-$200,000 **This price includes an Extra approx. 16 Acres of Vacant Land* The seller has submitted a concept plan of 10 residential Lots! The buyer may propose for Rental/Retirement Building, as the demand is HIGH*** The Vendor will take back a First mortgage up to 70% at a negotiable low interest rate.
Location
State ON
County Kawartha Lakes
Community Little Britain
Area Kawartha Lakes
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Community Features Major Highway
Utilities Available Yes
Lot Frontage 18.0
Others
Security Features Yes
Listed by TORONTO HOMES AND BUILDINGS REALTY INC.