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18 Oak St

Oak St, Rural Fenelon, Kawartha Lakes, ON, K0M 1N0

-
Beds
2
Baths
4,130
Sq. Ft.
$899,000
List Price
Details
Photos
40
Comparables
History
18 Oak St, Kawartha Lakes, ON - 1 of 3
18 Oak St, Kawartha Lakes, ON - 2 of 3
18 Oak St, Kawartha Lakes, ON - 3 of 3
New
3 days on market

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... Show More

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 offering a 6.25% cap rate, and a potential income of $96,000, 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:54626)

Property Details

Size

4,130 sq. ft.
0 Beds
2 Baths
2 Full

Parking

6 Parking Spaces
-

Lot

Size
921′0″ * 1733′12″
Acres
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
Partially air conditioned

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
X11952177
Last Updated
February 3, 2025
Brokerage
Keller Williams Signature Realty, Brokerage
Powered by: REALTOR.ca
Call us 800-591-0566

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