Added 2 weeks ago
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Type: Investment
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Property Type: Commercial
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Zoning: R5
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Age: 100+ years
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Taxes: 3409.12
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MLS®#: X11952177
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Days on Site: 5 Days
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Added: Feb 03, 2025 (2 weeks ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: Keller Williams Signature Realty, Brokerage
Rare Legal 5-Plex in the Heart of Fenelon Falls with 3 Vacant Units! Located on historic Oak Street overlooking the Locks, this grand 5-Unit building is a prime investment opportunity with Five 1-Bedroom Units and over $150K in recent upgrades. Three VACANT fully furnished units allow you to set your own rents, making it 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 new kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $77,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include a new roof (2014), updated windows, 20-year plumbing, and new heat pumps installed in 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. Clean Phase 1 ESA (2021) available. Financials available upon request.
Property
Status: Sale
Property Type: Investment
Property Type: Apartment
Age: 100+
Area: Kawartha Lakes
Community: Fenelon Falls
Availability Date: Flexible
Inside
Bathrooms: 2
Air Conditioning: Part
Washrooms: 2
Utilities
Utilities: Yes
Building
Heat Type: Baseboard
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 6
Fees
Tax Year: 2024
Tax Legal Description: LT 4 N/S OAK ST PL 100; PT LT 3 N/S OAK ST PL 100 PT 2 57R7643;
Taxes: $3,409
Expenses: Est
Insurance Fee: 4945
Hydro Expense: 1500
Taxes Type: Annual
Taxes: 3409
Tax Year: 2024
Water Fees: 2367
Land
Cross Street: Oak / Water
Municipality District: Kawartha Lakes
Parcel Number: 631550078
Lot Depth: 144.56 Feet
Lot Frontage: 76.75 Feet
Zoning: R5
Commercial Specific
Total Area: 4130
Total Area Metric: Sq Ft
Area Influence: Rec Centre
Lot Code: Building
Gross Income/Sales: 77052
Somewhat Walkable
- Some errands can be accomplished on foot.
Bikeable
- Some errands can be accomplished on bike.
Fenelon Twp Public School
Elementary: PublicSt. John Paul II Catholic Elementary School
Elementary: CatholicRidgewood Public School
Elementary: PublicDunsford District Elementary School
Elementary: PublicParkview Public School
Elementary: PublicLangton Public School
Elementary: PublicSt. Thomas Aquinas Catholic Secondary School
Secondary: CatholicBrock High School
Secondary: PublicFenelon Falls Secondary School
Secondary: PublicCrestwood Secondary School
Secondary: PublicLindsay Collegiate and Vocational Institute
Secondary: PublicI E Weldon Secondary School
Secondary: Public-
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