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. (id:4069)
Address
18 OAK STREET
List Price
$899,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Kawartha Lakes (fenelon Falls)
Bedrooms
6
Bathrooms
5
Floor Area
3,000 Sq. Ft.
Lot Size
7675 x 144.6 FT Ac.
MLS® Number
X11952178
Listing Brokerage
Keller Williams Signature Realty, Brokerage
Basement Area
Full (Partially finished)
Postal Code
K0M1N0
Zoning
R5
Site Influences
Beach, Marina, Waterfront
Amenities
Fireplace(s), Separate Heating Controls, Separate Electricity Meters
