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42 Wellington Street, Kawartha Lakes, ON K9V 3N3

$579,900
: 5
BD
: 4
BA
: 2,000
SqFt

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List Price: $579,900
MLS#: X14109296
Status: ACTIVE
Type: Multifamily
SubType: Multiplex
Style: 2-Storey
Bedrooms: 5
Bathrooms: 4
Living Area: 2000-2500
Province: ON
Municipality: Kawartha Lakes
Area: Kawartha Lakes
Neighborhood: Lindsay
Subdivision: Cambridge St N / Wellington St

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Property Description

Centrally located legal non-conforming brick triplex generating $5,140/month in gross rental income, situated on a generous 50 x 200 ft lot with excellent future potential. This income-producing property offers approximately 2,300 sq ft of living space across three residential units, three separate hydro meters, ample parking, and two additional rented detached structures providing supplementary rental income.The unit mix includes an upper-level 2-bed, 1-bath apartment ($1,235/month); a main-floor 2-bed, 1-bath apartment ($1,219/month); and an updated main-floor 1-bed, 1-bath apartment ($1,786/month). Additional rental income comes from a detached brick double tandem garage, currently leased at $500/month, and a separate two-storey barn, leased at $400/month. An unfinished basement provides free shared laundry for tenants along with additional storage space.Set on a substantial 200-foot-deep lot with plenty of parking, just steps from downtown Lindsay, Kent Street shopping and dining, the new Foundry development, and everyday amenities. An excellent investment opportunity with strong existing rental income, multiple income streams, and a large lot in a convenient central location.

(905) 626-5538

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Additional Information

Taxes: $3,895
Heat Type: Radiant
Heat Source: Gas
Air Conditioning: Wall Unit(s)
Rooms: 4
Kitchens: 3
Exterior: Brick
Garage Spaces: 4
Garage Type: Detached
Pool: None
Parking Spaces: 8
Parking Type: Available