Business For Sale · Multifamily

16 ST DAVID STREET, Kawartha Lakes (Lindsay)

16 ST DAVID STREET, Kawartha Lakes (Lindsay), ON K9V1N1

$749,900 total

2,727 SF

Asset Class

Multifamily

Size

2,727 SF

Building class

C

Zoning

RA9 — High Rise

$ / SF

$275

Occupancy

96%

Lot Size

2727 ac

About this property

Where Character, Comfort & Cash Flow Come Together .Some properties just have a presence... and this one welcomes you in from the moment you arrive. With its classic gabled rooflines and wraparound porch, there's a warmth here that's hard to replicate-a place that feels like home the second you see it. Behind that charming exterior sits a well-cared-for legal triplex, offering a beautiful balance of lifestyle and investment. Whether you're expanding your portfolio or stepping into ownership, this is the kind of property that quietly does the work for you. Inside, you'll find three self-contained, above-grade units, each with its own personality and practical layout .A generous 3-bedroom suite with flexibility to add a private laundry or have extra storage .A refreshed 2-bedroom unit featuring balcony access and its own laundry area. A cozy yet spacious, updated 1-bedroom suite complete with private laundry .Each unit is individually metered for gas and hydro, keeping things simple and efficient, while ample on-site parking for 6 vehicles adds everyday convenience tenants appreciate. Thoughtful exterior improvements, including updated siding and roof (2017), provide peace of mind and long-term value. Perfectly positioned in Lindsay, this home is close to all the essentials-hospital, transit, schools, shopping, and College making it a location that continues to attract quality tenants. This is more than just a triplex ,,it's a property with soul, stability, and the kind of charm that stands out in today's market. (id:66811)

Financial sandbox

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Estimate
Purchase price$750K
Down payment30% · $225K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$-9K

Cash-on-cash

-4.17%

DSCR

0.77

Going-in cap

4.29%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners1,138 SF2031-12
Halcyon Wealth Partners641 SF2031-12
Halcyon Wealth Partners842 SF2031-12

Area demographics

Trade area within 3 miles of the property.

Population

74,856

Households

31,058

Median income

$133,000

Median age

34.1

Daytime population

98,556

5-yr growth

5.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 16 ST DAVID STREET, Kawartha Lakes (Lindsay).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.