18 Oak Street Kawartha Lakes, Ontario K0M 1N0
$799,900
Rare 5-Plex in the heart of Fenelon Falls! This income-producing property features 5 x 1-Bed Units generating $6,700/month and $80,000 annually, with upside to $105,000. A prime investment offering turnkey income with separate entrances, hydro meters, and plenty of parking. Located on historic Oak Street beside the vibrant downtown district, this 3300+ sq ft building offers over $150K in recent upgrades. Three fully furnished units allow you to maximize income, 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 kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $80,000 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 windows, plumbing, and heat pumps (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. Financials available upon request. Three units are currently vacant (short-term rentals). (id:61852)
Property Details
| MLS® Number | X12254586 |
| Property Type | Multi-family |
| Community Name | Fenelon Falls |
| AmenitiesNearBy | Beach, Marina |
| CommunityFeatures | Community Centre |
| ParkingSpaceTotal | 6 |
| Structure | Deck, Porch |
| ViewType | Lake View |
| WaterFrontType | Waterfront |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 6 |
| Age | 100+ Years |
| Amenities | Fireplace(s), Separate Heating Controls, Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Furniture, Microwave, Stove, Washer, Refrigerator |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Wood |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Stone |
| HeatingFuel | Electric |
| HeatingType | Heat Pump |
| StoriesTotal | 3 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Beach, Marina |
| Sewer | Sanitary Sewer |
| SizeDepth | 144 Ft ,7 In |
| SizeFrontage | 7675 Ft |
| SizeIrregular | 7675 X 144.6 Ft |
| SizeTotalText | 7675 X 144.6 Ft|under 1/2 Acre |
| SurfaceWater | Lake/pond |
| ZoningDescription | R5 |
https://www.realtor.ca/real-estate/28541493/18-oak-street-kawartha-lakes-fenelon-falls-fenelon-falls
Interested?
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Jake Novis
Salesperson
245 Wyecroft Rd - Suite 4b
Oakville, Ontario L6K 3Y6
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July 01 2025 05:25:48
Oakville, Milton & District Real Estate Board
Keller Williams Signature Realty, Brokerage
