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$1,600,000
Ontario,Kawartha Lakes (Lindsay)
For Sale Active
97 CAMBRIDGE STREET S, Kawartha Lakes (Lindsay), Ontario K9V3C6
  • 23
  • 10
  • 3500 - 5000Square Feet
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Basic Details
Description

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 8.67% 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). 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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X14082878
  • Price: $1,600,000
  • Bedrooms: 23
  • Bathrooms: 10
  • Square Footage: 3500 - 5000 Sqft
  • Status: Active
  • Office Name: Royal Lepage Kawartha Lakes Realty Inc.
  • Property Sub Type: Multi-family
  • Office Key: 94347
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Window air conditioner
  • Basement: N/A, Walk-up, Partial
  • Parking: No Garage
  • Exterior Features: Aluminum siding
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer
Address Map
  • Location: CA, Ontario, Kawartha Lakes (Lindsay), K9V3C6
  • Street: Cambridge
  • Street Number: 97
  • Street Suffix: Street
  • Longitude: W79° 15' 47.2''
  • Latitude: N44° 20' 52.2''
  • Street Dir Suffix: South
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 114.2 x 210.6 FT
Financial
  • Tax Annual Amount: 29184
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Listing updated: 2026-10-25 19:07:37
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Listing Information
  • List Agent Key: 2167151
  • List Office Key: 94347
  • Modification Timestamp: 2026-10-15T18:55:18Z
  • Originating System Name: Central Lakes Association of REALTORS®
  • Status Change Timestamp: 2026-10-15T18:49:54Z
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Listing updated: 2026-10-25 19:07:38
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