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$ 1,480,000
Est. payment | /mo
13 Baths
1 SqFt
$ 1,480,000
Est. payment | /mo
13 Baths
1 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,480,000
Subdivision Verulam
MLS Listing ID X12123890
Annual Tax Amount $8,084
Tax Year 2025
Property Sub-Type Investment
Property 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!
Location
Province ON
County Kawartha Lakes
Community Verulam
Area Kawartha Lakes
Zoning C
Interior
Cooling Yes
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
Lited by ROYAL HERITAGE REALTY LTD.