$849,000Asking Price
18 Oak Street, Kawartha Lakes, ON K0M 1N0
Fenelon Falls, Kawartha Lakes
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 $82,000 and a potential income of $105,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include partial 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.
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 $82,000 and a potential income of $105,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include partial 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.
See MoreKey Info
- 3-Storey Multiplex
- 4+ Parking
- No Garage
- Oak / Water
- 3000-3500 Approximate Sq Feet
- 100+ Years Approximate Age
- No Ensuite Laundry
- HeatPump Electric Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $3,409 in 2024
- Possession: Flexible
Details
- Fireplace
- 5 Kitchens
- Designation: Other
- MLS #X11952178
- Keller Williams Signature Realty, Brokerage
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 2 4-Piece Bathrooms on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
Who lives here?
Fenelon Falls, Kawartha Lakes is an east GTA neighbourhood notable for its singles, renters, executives, education, law & public sector professionals and salespeople. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 50 to 64 and seniors aged 65 to 79.
Families
Kids Per Family
0.8
kids per family
in the neighbourhood.
Singles
47%
of residents are
single and loving it.
47% singles
Kawartha Lakes (38%)Renters
29%
of residents
are renters.
29% renters
Kawartha Lakes (17%)Education
12%
of residents are
university grads.
12% university grads
Kawartha Lakes (14%)Income
Average Household Income
$87K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 14% |
| Trades | 11% |
| Government | 9% |
| Management | 6% |
| Business | 6% |
Immigrants
6%
of residents were
born outside of Canada.
6% immigrants
Kawartha Lakes (7%)Birthplace - All
1.5% from UK
All-time
Birthplace - Recent
0.2% from Philippines
Recent
Foreign Languages
Foreign Languages
| German | 1% |
| French | 1% |
Religions
Religions
| Christian | 74% |
