18 Oak Street, Kawartha Lakes, ON K0M 1N0 (Oak / Water)
$ 739900 - MLS : X12826554

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Description

Rare 5-Plex in the heart of Fenelon Falls! This income-producing property features 5 x 1-Bed Units generating $6,856/month and $82,272 annually, with upside to $102,000. A prime investment offering turnkey income with separate entrances, hydro meters, and plenty of parking. Located on historic Oak Street beside. Three fully furnished units allow you to maximize income, ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, a master key system with smart locks for seamless management, and over $100k in upgrades over the last 5 yearas. Recent updates include kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $82,000 and a potential income of $102,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include windows, plumbing, and heat pumps (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. Financials available upon request.

Location Description

Oak / Water

Property Detail

Facts and Features

Amenities

Listing Contracted With: Keller Williams Edge Realty