49
$1,600,000 Sale
Listed 11 days ago
97 CAMBRIDGE Street S
· 0
· 0
· -
· -
Listing History
Buy/Sell/Terminated/Expired listing history for 97 CAMBRIDGE Street S
Key Facts
Key facts for 97 CAMBRIDGE Street S
Property Type
Commercial
Parking
None
MLS #
X14031188
Size
-
Basement
-
Listed on
2026-10-14
Lot size
114 x 210.57
Tax
$29,184 /yr
Days on Market
12
Approximate Age
51-99
Maintenance Fee
-
Description
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 8.67% Cap Rat...e 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). 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.
Similar Properties (No results)
Courtesy of: Royal Lepage Kawartha Lakes Realty Inc.