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$ 799,900
Est. payment | /mo
2 Baths
3,375 SqFt
$ 799,900
Est. payment | /mo
2 Baths
3,375 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,375 sqft
Price per Sqft $237
Subdivision Fenelon Falls
MLS Listing ID X12254588
Building Age 100+
Annual Tax Amount $3,409
Tax Year 2024
Property Sub-Type Investment
Property Description
Rare 5-Plex in the heart of Fenelon Falls! This income-producing property features 5 x 1-Bed Units generating $6,700/month and $80,000 annually, with upside to $105,000. A prime investment offering turnkey income with separate entrances, hydro meters, and plenty of parking. Located on historic Oak Street beside the vibrant downtown district, this 3300+ sq ft building offers over $150K in recent upgrades. Three fully furnished units allow you to maximize income, ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, and a master key system with smart locks for seamless management. Recent renovations include kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $80,000 and a potential income of $105,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include windows, plumbing, and heat pumps (2023) for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement for additional income.Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Financials available upon request. Three units are currently vacant (short-term rentals).
Location
Province ON
County Kawartha Lakes
Community Fenelon Falls
Area Kawartha Lakes
Interior
Cooling Partial
Exterior
Community Features Recreation/Community Centre
Utilities Available Yes
Lot Frontage 76.75
Lot Depth 144.56
Listed by Keller Williams Signature Realty, Brokerage