97 Cambridge Street S Kawartha Lakes, Ontario K9V 3C6
$1,800,000
Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). Additional Building Lot: A separate, prime building lot directly behind the property (fronting George St) is also available to purchase together or separately-perfect for future development. This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return. (id:56167)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
| Name | 97 Cambridge Street South |
Property Details
| MLS® Number | X13493556 |
| Property Type | Multi-family |
| Community Name | Lindsay |
| Amenities Near By | Highway, Public Transit |
| Features | Irregular Lot Size |
Building
| Bedrooms Total | 25 |
| Age | 51 To 99 Years |
| Appliances | Water Heater |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 8207 Sqft |
| Size Interior | 8,207 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 210 Ft ,6 In |
| Size Frontage | 114 Ft ,2 In |
| Size Irregular | 0.55 |
| Size Total | 0.55 Ac |
| Size Total Text | 0.55 Ac |
| Zoning Description | Rm2 (h) |
https://www.realtor.ca/real-estate/29957794/97-cambridge-street-s-kawartha-lakes-lindsay-lindsay
Contact Us
Contact us for more information
John Kozak
Salesperson
261 Kent Street West Unit: A
Lindsay, Ontario K9V 2Z3
(705) 878-3737
(705) 878-4225
www.gowithroyal.com/
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June 26 2026 04:22:33
Central Lakes Association of REALTORS®
Royal LePage Kawartha Lakes Realty Inc.