For Sale: 97 Cambridge Street S, Kawartha Lakes, ON - REW
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$1,800,000
25 bd • ba • 8207 sf • Multifamily
97 Cambridge Street S
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$1,800,000
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97 Cambridge Street SKawartha Lakes, ON, K9V 3C6

Lindsay
  • 25 Bed
  • Bath
  • 8207 Sqft
  • Multifamily

About this home

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:63626)
Listed by: John Kozak, Salesperson, Royal Lepage Kawartha Lakes Realty Inc.

Home facts and features

Price details
List Price
$1,800,000
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Gross Taxes for 2025
$25,020
Home facts
Bedrooms
25
Full Bathrooms
Property Type
Multifamily
Lot Size
114 ft x 0 ft (23958 ft²)
Depth
Frontage
114.2 feet
Heating Type
Forced air, Natural gas
Features
Irregular lot size
Appliances
Water Heater
Community
Agent details
Primary Agent
John Kozak
Primary Broker
Royal Lepage Kawartha Lakes Realty Inc.
Listing details
Days on REW
1 Day
MLS® Number
X13493556
Source
Canadian Real Estate Association
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25 Years
Interest Rate
3.99%

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Property Insights

Adventure Quest School
  • Public
  • JK - 12
King Albert Public School
  • Public
  • JK - 6
St. Mary Catholic Elementary School
  • Catholic
  • JK - 8
Central Sr School
  • Public
  • 7 - 8
Lindsay Collegiate Vocational Institute
  • Public
  • 9 - 12
Leslie Frost Public School
  • Public
  • JK - 8
St. Thomas Aquinas Catholic Secondary School
  • Catholic
  • 9 - 12
Queen Victoria Public School
  • Public
  • JK - 6
Alexandra Public School
  • Public
  • JK - 6
St. Dominic Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
John Kozak
Office:
705-878-3737
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