18 Oak Street, Kawartha Lakes, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Fenelon Falls. Expertly crafted featuring premium board & batten and other construction, this residence presents an exceptional opportunity offered at $739,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 7675 x 144.56 ft lot
- Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter
- equipped with wall unit(s) central cooling and highly efficient baseboard heating via electric
Description
Rare 5-Plex in the heart of Fenelon Falls! This income-producing property features 5 x 1-Bed Units generating $6,856/month and $82,272 annually, with upside to $102,000. A prime investment offering turnkey income with separate entrances, hydro meters, and plenty of parking. Located on historic Oak Street beside. Three fully furnished units allow you to maximize income, ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, a master key system with smart locks for seamless management, and over $100k in upgrades over the last 5 years. Recent updates include kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished. Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include windows, plumbing, some kitchens, baths, flooring, and heat pumps (2023) for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement. Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Financials available upon request.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Lake Access, Marina, Waterfront, Lake/Pond, Rec./Commun.Centre
Interior Features
Separate Heating Controls, Separate Hydro Meter
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 18 Oak Street, Kawartha Lakes, ON K0M 1N0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kawartha Lakes, ON
For a property listed at $739,900 in Kawartha Lakes, the legal minimum down payment is $48,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,273 for this transaction. As this listing is in Kawartha Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,273.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.