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905-259-9418
One Percent Realty LTD
33 MELBOURNE Street W, Kawartha Lakes, ON K9V 2S7
- $599,900
- 7
- BD
- 4
- BA
- 2,000
- SqFt
- List Price
- $599,900
- MLS#
- X14089814
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- 1 1/2 Storey
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Kawartha Lakes
- Area
- Kawartha Lakes
- Neighborhood
- Lindsay
- Subdivision
- Melbourne St W & Lindsay St S
Property Description
Centrally located legal non-conforming brick 4-plex with potential gross rental income of $5,032/month, situated on a massive 80 x 188 ft potential double lot with excellent future potential. This charming 1.5-storey property offers approximately 3,300 sq ft of living space, plenty of original character, a double detached garage, parking for up to six vehicles, and additional basement storage.The unit mix includes a main-floor 1-bed, 1-bath apartment ($1,075/month); a spacious 4-bed, 1.5-bath apartment spanning the main and second floors ($2,095/month + 30% utilities); a lower-level 1-bed with kitchen ($862/month); and a lower-level bachelor with kitchen ($700/month). The two lower-level units share a bathroom. The vacant double detached garage offers estimated rental income of $300/month. All tenants have access to free shared laundry in the basement, along with additional storage space.Updates include roof (2019), windows (2020), two furnaces (one updated 2019), and a 200-amp breaker panel. Set along mature tree-lined Melbourne Street, just steps from downtown Lindsay and Kent Street shopping, dining, and everyday amenities. An excellent income-producing property with a strong existing rent roll, substantial lot size, and future potential.
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Additional Information
- Taxes
- $4,478
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- None
- Rooms
- 11
- Kitchens
- 4
- Exterior
- Brick
- Waterfront Type
- None
- Garage Spaces
- 2
- Garage Type
- Detached
- Pool
- None
- Parking Spaces
- 6
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Listing courtesy of RIGHT AT HOME REALTY.