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Home ON Kawartha Lakes
1578 COUNTY ROAD
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1578 COUNTY ROAD $1,480,000
3 days ago
$1,480,000
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1578 COUNTY ROAD
Kawartha Lakes (Verulam), Ontario K0M1N0

MLS® Number: X12123890
13
Bathrooms

Listing Description

A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for senior living and boasts a strong 7.8% cap rate with AAA tenants already in place. Located just steps from Eganridge Resort, this property offers the perfect blend of tranquility and convenience - only 1.5 hours from the GTA.The building features, 8 private single units, 1 two-bedroom apartment, 1 commercial unit currently used as a residential suite. Shared amenities including a spacious dining area with a cozy fireplace, a bright and welcoming lounge with a second fireplace, a fully-equipped commercial kitchen, and a common laundry room. Sitting on a 1.3-acre lot, the property offers generous green space and ample parking. Each unit includes a private walk-out patio, adding to the comfort and independence of its residents. Tenants are currently served lunch and dinner daily, making this a turnkey opportunity for those looking to semi-retire in the Kawarthas with a passion for cooking. Alternatively, investors can hire staff to manage meals and rent out the owner's suite for additional income. Whether you're looking to expand your real estate portfolio or embrace a lifestyle investment, this unique property delivers. Add this gem to your investment portfolio today! (40382939)

Location Description

County rd 8 / East Beehive Rd

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Verulam
Land Size
327.39 x 191.13 FT
Annual Property Taxes
$8,084
Total Parking Spaces
15
Time on REALTOR.ca
3 days

Building

Bathrooms
Total
13
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Baseboard heaters
Utilities
Water
Drilled Well
Business
Business Type
Residential (Apartments)
Parking
Total Parking Spaces
15

Measurements

Square Footage
1 ac

Land

Lot Features
Frontage
327 ft ,4 in
Land Depth
191 ft ,1 in
Other Property Information
Zoning Description
C
Data provided by: Central Lakes Association of REALTORS® Unit 5 - 1100 BENNETT Road, BOWMANVILLE, Ontario L1C 0Y7

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