6 Glenelg Street W

Introducing a remarkable opportunity for investors, this Multi-Family Home for sale in Kawartha Lakes is a fully tenanted multiplex that promises both convenience and potential. Located at 6 Glenelg Street W, Kawartha Lakes, this property stands out with its prime positioning in the heart of Lindsay, making it an ideal investment for those looking to capitalise on the thriving rental market.

The building, a well-constructed two-storey brick multiplex, boasts a total of 14 rooms, including four generously sized bedrooms and four bathrooms. Each unit has been thoughtfully designed to accommodate the needs of tenants, with the main floor featuring two one-bedroom units, while the second floor mirrors this layout with an additional two one-bedroom units. This configuration not only maximises rental income but also ensures a steady flow of tenants, making this Multi-Family Home for sale in Kawartha Lakes a wise investment choice.

Situated on a lot measuring 60 x 73 feet, the property offers a private double driveway with parking space for two vehicles, enhancing its appeal to potential tenants. The absence of a garage does not detract from the property’s overall functionality, as the private driveway provides ample parking. Furthermore, the building is connected to municipal water and sewer services, ensuring that tenants enjoy reliable utilities without the hassle of maintenance issues that often accompany private systems.

Inside, the property features four kitchens, allowing for individual cooking facilities in each unit, which is a significant advantage for attracting tenants. However, it is worth noting that there is no additional kitchen or family room, which may be a consideration for those seeking more communal living spaces. Each unit is unfurnished, providing tenants with the flexibility to personalise their living environment according to their tastes.

Heating is provided by a forced air system, ensuring that the property remains warm and comfortable throughout the colder months. While the absence of air conditioning and a fireplace may be seen as drawbacks, the property's overall layout and location more than compensate for these features. Additionally, the property is equipped with internet access, a vital amenity for modern tenants who rely on connectivity for both work and leisure.

The basement of the property is a full walk-out, offering potential for further development or simply providing easy access for maintenance and storage. This feature adds to the overall appeal of the Multi-Family Home for sale in Kawartha Lakes, as it opens up possibilities for future enhancements or expansions, should the new owner wish to explore these options.

The location of 6 Glenelg Street W, Kawartha Lakes, cannot be overstated. Being conveniently situated close to all amenities and the downtown area of Lindsay, this property is perfectly positioned to attract a steady stream of tenants. The vibrant community of Lindsay offers a range of shops, restaurants, and recreational activities, making it an attractive place for individuals and families alike.

In summary, this Multi-Family Home for sale in Kawartha Lakes represents an exceptional investment opportunity. With its fully tenanted status, strategic location, and well-designed living spaces, it is undoubtedly worth a look for any serious investor. The combination of four kitchens, four bathrooms, and a total of four bedrooms across two storeys makes this property a lucrative addition to any investment portfolio. Don’t miss out on the chance to own a piece of real estate in the desirable Kawartha Lakes area; 6 Glenelg Street W, Kawartha Lakes is waiting for you. Seize this opportunity today!

Lindsay, a charming town nestled within the city of Kawartha Lakes, offers a picturesque blend of rural charm and modern amenities. Surrounded by the stunning natural beauty of Ontario's lakes and forests, it boasts a vibrant local culture with a rich history, evident in its historic architecture and welcoming atmosphere. Residents enjoy a range of recreational activities, from boating and fishing on the nearby waters to exploring scenic trails for hiking and cycling. With a thriving arts scene, delightful local shops, and a variety of community events throughout the year, Lindsay provides an inviting environment for those seeking a peaceful yet engaging lifestyle amidst nature's splendour.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance of just 0.4 km, St. Mary Catholic Elementary School offers a public education in English for grades JK to 8. For older students, Lindsay Collegiate and Vocational Institute, located 1.1 km away, provides a public high school experience for grades 9 to 12. Central Senior School, also within 0.9 km, offers French-language instruction for grades JK to 8. Additionally, I E Weldon Secondary School, situated 1.8 km from the property, caters to high school students in grades 9 to 12, with a focus on French. For those seeking Catholic education, St. Dominic Catholic Elementary School and St. Thomas Aquinas Catholic Secondary School are both approximately 2.1 to 2.2 km away, offering English and French programs for grades JK to 12. With a variety of public and Catholic schooling options nearby, families will find ample opportunities for their children's education, all within a convenient distance from home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 490 residents, with an average household size of 1.9 individuals. The community has a median age of 42 years, indicating a mature population. Economic indicators show an average household income of $55,600, with a significant portion of the population, 27.6%, classified as low-income. The average property price in the area stands at $420,000, reflecting the local real estate market. A majority of residents, 55.42%, are single, and 28% of households include children, suggesting a diverse family structure. The area has a high rental rate, with 60.78% of residents renting their homes, and notably, there are no condominiums available. Educational attainment is relatively high, with 37.18% of the population holding a college or university degree. However, a significant portion, 55.13%, is not actively participating in the labor force, which may impact economic dynamics in the area. Additionally, the community is home to 7.61% immigrants, contributing to its cultural diversity. Overall, this demographic snapshot highlights a unique blend of characteristics that define the community's social and economic landscape.