4075 County Road 121 N

Nestled in the charming area of Kawartha Lakes, this Multi-Family Home for sale in Kawartha Lakes at 4075 County Road 121 N, Kawartha Lakes, presents a fantastic investment opportunity. Located in the heart of Kinmount, this well-maintained multiplex boasts a unique blend of commercial and residential spaces, making it a versatile property for any savvy investor.

The building itself is a two-storey structure clad in a combination of vinyl and metal/steel siding, ensuring both durability and aesthetic appeal. With a total of 12 rooms, including four bedrooms and five bathrooms, this property is designed to accommodate a variety of tenants. The three kitchens are particularly noteworthy, providing ample cooking space for the residents. Although there is no den or additional kitchen, the layout is efficient and practical for both commercial and residential use.

As you explore the main floor of this Multi-Family Home for sale in Kawartha Lakes, you’ll discover two commercial opportunities that are currently generating income, with one unit occupied by a long-term tenant. This setup not only provides financial stability but also adds to the vibrancy of the local community. In addition to the commercial spaces, there’s a well-appointed studio apartment on the main floor, perfect for those seeking a compact living arrangement.

Moving to the upper level, you’ll find a two-bedroom apartment that is also occupied by a long-term tenant, ensuring a steady income stream. There’s additionally a one-bedroom unit that will be available from December 1st, further enhancing the rental potential of this property. The mix of commercial and residential uses makes this Multi-Family Home for sale in Kawartha Lakes a unique investment, appealing to a wide range of tenants and ensuring a consistent flow of income.

The property is situated on a lot measuring 40 X 88 feet, with additional land of less than half an acre. While there’s no garage space available, the driveway can accommodate up to four vehicles, making it convenient for both tenants and visitors. The absence of a pool or fireplace means lower maintenance costs, allowing you to focus on maximising your investment.

One of the standout features of this property is its location. Kinmount thrives year-round, drawing in visitors during both the winter and summer months. The nearby rail trail is a magnet for adventure enthusiasts, with opportunities for snowmobiling and ATV riding in the colder months, while the summer months see an influx of support from the cottage community. This vibrant local culture adds to the appeal of the Multi-Family Home for sale in Kawartha Lakes, making it an attractive option for potential tenants.

The property is equipped with municipal water and a holding tank for sewage, which is easily accessible for maintenance. The holding tank’s pump-out cost is approximately £360, ensuring that upkeep remains manageable. The electrical system has been updated to include two 200-amp panels, providing plenty of power for the building’s needs.

For those considering financing, the seller offers a take-back mortgage with 35% down, along with commercial bank interest to help you get started on this investment journey. With a net operating income (NOI) of approximately £55,000 per year, this Multi-Family Home for sale in Kawartha Lakes is not just a property; it’s a promising investment opportunity.

In summary, 4075 County Road 121 N, Kawartha Lakes, is a well-maintained multiplex that offers a unique blend of commercial and residential spaces. With its strategic location in Kinmount, this Multi-Family Home for sale in Kawartha Lakes is poised to attract a variety of tenants, making it an excellent addition to any property portfolio. Don’t miss out on this chance to invest in a thriving community with endless potential!

Kinmount, nestled within the picturesque Kawartha Lakes region of Ontario, is a charming hamlet that embodies the serene beauty of rural Canada. Surrounded by lush forests and sparkling lakes, this quaint settlement offers a tranquil escape from the hustle and bustle of city life. The area is rich in history, with its roots dating back to the 19th century, and features a delightful mix of heritage buildings and modern amenities. Residents can enjoy a close-knit atmosphere, where local shops and community events foster a sense of belonging. With ample opportunities for outdoor activities such as hiking, fishing, and boating, Kinmount is an idyllic choice for those seeking a peaceful yet vibrant lifestyle amidst stunning natural landscapes.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 811 residents, with an average household size of 2.2 individuals. The community has a median age of 50.3 years, indicating a mature demographic. The average household income stands at a robust $103,200, although 14.2% of the population is classified as low-income. The average property price in the area is $618,000, reflecting the local real estate market's value. A notable portion of the population, 34.48%, is single, while 26.92% of households include children, suggesting a mix of family structures. Immigrants constitute 7.69% of the population, contributing to the area's diversity. The rental market is minimal, with only 6.41% of residents renting their homes, and there are no condominiums reported in the area. Education levels are high, with 45.75% of residents holding a college or university degree. However, a significant portion of the population, 40.52%, is not participating in the labor force, which may impact the local economy and community dynamics. Overall, this area presents a blend of stability, education, and diverse household compositions.