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97 Cambridge St S, Lindsay, ON

Name: 97 Cambridge St S, For Sale in Lindsay - Zoocasa
Brand: Royal Lepage Kawartha Lakes Realty Inc.
SKU: X13493556
Price: 1800000 CAD

House

For Sale

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2500

MLS® X13493556

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 8207 sqft

Garage

Taxes $25,020

Days Active 1

Lot Size 0.55 Acres

Approx. Age

Avg. Price Per Sqft $219

MLS® Number X13493556

Property Address: 97 Cambridge St S, Lindsay, ON, K9V3C6

Average square foot calculated using Size range provided by listing agent.

Description

Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). Additional Building Lot: A separate, prime building lot directly behind the property (fronting George St) is also available to purchase together or separately-perfect for future development. This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return. (id:58753)Show Description

MLS® NumberX13493556

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

HeatForced air, Natural gas

A/CNone

Extras

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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