$2,750,000Asking Price
Excellent investment opportunity featuring a fully tenanted, 15-unit apartment building on just under 3 acres together with a 15.9-acre vacant land parcel with a concept plan for 10 residential lots located in the Hamlet of Little Britain near Lindsay, north of Port Perry. Offered for sale together, these unique properties combine strong in-place cash flow with future development potential. The 15-unit apartment building consists of 12 one-bedroom units and 3 studio units and currently generates approximately $186,000 in annual gross income and approximately $122,000 in NOI. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing investors with an opportunity for future rental growth through the renovation of the remaining units. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan for 10 residential lots, offering additional long-term potential for investors, developers, or land bankers. Rarely does a property offer the combination of stable income, value-add potential, and future development opportunities in one package. Rent roll, financial statements, expenses, and additional information available to qualified purchasers upon request.
Excellent investment opportunity featuring a fully tenanted, 15-unit apartment building on just under 3 acres together with a 15.9-acre vacant land parcel with a concept plan for 10 residential lots located in the Hamlet of Little Britain near Lindsay, north of Port Perry. Offered for sale together, these unique properties combine strong in-place cash flow with future development potential. The 15-unit apartment building consists of 12 one-bedroom units and 3 studio units and currently generates approximately $186,000 in annual gross income and approximately $122,000 in NOI. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing investors with an opportunity for future rental growth through the renovation of the remaining units. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan for 10 residential lots, offering additional long-term potential for investors, developers, or land bankers. Rarely does a property offer the combination of stable income, value-add potential, and future development opportunities in one package. Rent roll, financial statements, expenses, and additional information available to qualified purchasers upon request.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 15 4-Piece Bathrooms on Main Floor | ||||
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Little Britain, Kawartha Lakes is an east GTA neighbourhood notable for its singles, executives, business professionals, salespeople and tradespeople. Residents tend to be younger with a significant number of kids aged 10 to 14, youth aged 15 to 24 and adults aged 25 to 59.
Kids Per Family
1.2
kids per family
in the neighbourhood.
40%
of residents are
single and loving it.
40% singles
Kawartha Lakes (38%)
15%
of residents
are renters.
15% renters
Kawartha Lakes (17%)
10%
of residents are
university grads.
10% university grads
Kawartha Lakes (14%)Average Household Income
$110K
is the average household
income in the neighbourhood.
Professions
| Trades | 19% |
| Sales | 14% |
| Management | 9% |
| Business | 8% |
| Government | 7% |
0%
of residents were
born outside of Canada.
0% immigrants
Kawartha Lakes (7%)0.2% from Guyana
All-time
Foreign Languages
| Dutch | 1% |
| German | 1% |
| French | 1% |
Religions
| Christian | 54% |