$1,600,000
Est. payment $7,084/moCalculate yours
97 Cambridge Street S, Kawartha Lakes, ON K9V 3C6
Lindsay, Kawartha Lakes, ON K9V 3C6
- 23 Beds
- 10 Baths
- 3,500 Sq Ft
Listing courtesy of Royal Lepage Kawartha Lakes Realty Inc. MLS® X14082878
About this home
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 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). 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.
Property details
Overview
- Property Type
- Multiplex
- Style
- Other
- For
- For Sale
- Status
- New
- Size
- 3,500 sqft
Interior
- Bedrooms
- 23
- Bathrooms
- 10
- Kitchens
- 10
- Basement
- Walk-Up, Partial Basement
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Window Unit(s)
- Exterior
- Aluminum Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle, Membrane
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 114.2 x 210.57 Feet
- Parking
- None garage · 14 total
Financial
- Property Taxes
- $29,184 (2026)
Location
- Neighbourhood
- Lindsay
- Cross Street
- Cambridge Street S / George St
- Direction Faces
- West
Listing
- MLS® Number
- X14082878
- Days on Market
- 4
- Listed On
- 2026-10-14
- Possession
- flexible
- Listed By
- Royal Lepage Kawartha Lakes Realty Inc.
Features
Interior
- Separate Hydro Meter
Pool
- None
Mortgage calculator
Estimated mortgage payment
$7,084 per month
- Principal and interest
- $7,084
- Property tax
- $2,432
- Condo fees
- $0
- Estimated monthly cost
- $9,516
Your mortgage
- Mortgage amount
- $1,280,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $845,336
Cash to close
- Down payment
- $320,000
- Land transfer tax
- $28,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $348,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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