Rare Legal 5-Plex in the Heart of Fenelon Falls with 3 Vacant Units! Located on historic Oak Street overlooking the Locks, this grand 5-Unit building is a prime investment opportunity with Five 1-Bedroom Units and over $150K in recent upgrades. Three VACANT fully furnished units allow you to set your own rents, making it ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, and a master key system with smart locks for seamless management. Recent renovations include new kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $77,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include a new roof (2014), updated windows, 20-year plumbing, and new heat pumps installed in 2023 for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement for additional income.Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Clean Phase 1 ESA (2021) available. Financials available upon request. (id:61594)
| MLS® Number | X11952178 |
| Property Type | Multi-family |
| Community Name | Fenelon Falls |
| Amenities Near By | Beach, Marina |
| Community Features | Community Centre |
| Parking Space Total | 6 |
| Structure | Deck, Porch |
| Water Front Type | Waterfront |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Amenities | Fireplace(s), Separate Heating Controls, Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Furniture, Microwave, Refrigerator, Stove, Washer |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Wood |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Beach, Marina |
| Sewer | Sanitary Sewer |
| Size Depth | 144 Ft ,7 In |
| Size Frontage | 7675 Ft |
| Size Irregular | 7675 X 144.6 Ft |
| Size Total Text | 7675 X 144.6 Ft|under 1/2 Acre |
| Surface Water | Lake/pond |
| Zoning Description | R5 |
https://www.realtor.ca/real-estate/27869069/18-oak-street-kawartha-lakes-fenelon-falls-fenelon-falls
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