1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

MLS® # X12615528

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Investment For Sale In Kawartha Lakes (Verulam), Ontario

$1,190,000

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1578 County 8 Road, Kawartha Lakes (Verulam), ON - Outdoor

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Outdoor With View

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Indoor Photo Showing Living Room

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Indoor

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Indoor Photo Showing Bedroom

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Indoor Photo Showing Other Room

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Indoor Photo Showing Bathroom

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Indoor Photo Showing Kitchen

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Indoor Photo Showing Dining Room

1578 County 8 Road, Kawartha Lakes (Verulam), ON - Other

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1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

$1,190,000

Property Information:

A rare and attractive opportunity for investors! This well-maintained multi-unit complex is tailored for 55+ living and boasts a strong 10.7 % 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 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 have two meals provided in their rent. Making this a turnkey opportunity for those looking to semi-retire in the Kawarthas. Alternatively, investors can add kitchenettes to each unit already rough in and the tenants can share the common kitchen. Endless options to expand by adding a second floor or addition to the building to increase cash flow. 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! (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Air Conditioning: Yes
Floor Space: 1 ac
Heating Type: Baseboard heaters
Cooling Type: Fully air conditioned

Property Features:

Property Type: Multi-family
Bathrooms: 13
Floor Space (approx): 1 Square Feet
Irregular: Yes
Lot Depth: 191.1 Feet
Lot Frontage: 327.3 Feet
Lot Size: 1.43 Acres
Zoning: C
No. of Parking Spaces: 15

Courtesy of: ROYAL HERITAGE REALTY LTD.

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Market Price Trends

All Properties

-1.85%

Price change (1 year)

35.2%

Price change (5 years)

Location of 1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

33 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

33 hot days expected in 2050

49/100

Moderate

ClimateCheck®

Current data

This property, 1578 COUNTY 8 ROAD , experiences 7 hot days per year at around 30.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 33.9 degrees Celsius.

Projected Avg. Temperature

Past

30.4℃

2050

33.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

61/100

Moderate-High

ClimateCheck®

Current data

This property, 1578 COUNTY 8 ROAD , experiences 11 significant 2-day storms per year, with about 302.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 378.3mm of precipitation per year.

Precipitation Per Storm

Past

302.4mm

2050

378.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$119,459.04

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.85 %

High school certificate or equivalent

33.79 %

Apprenticeship trade certificate/diploma

10.06 %

College/non-university certificate

27.61 %

University certificate (below bachelor)

2.84 %

University Degree

12.84 %

Commuter

Travel To Work

By Car

98.2 %

By Public Transit

0.0 %

By Walking

1.8 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.65 %

Houses

99.35 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

All Properties

Location of 1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

1578 COUNTY 8 ROAD, Kawartha Lakes (Verulam), Ontario, K0M 1N0

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing