$1,199,000
1578 COUNTY 8 ROAD
Beds
—
Baths
13
Sqft
—
Year
—
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kawartha Lakes (Verulam). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Are you looking for a new business or a High Cash Flow Investment with 11.2% CAP? This is a turnkey Well Maintained Multi-Unit building. Rare opportunity to own a proven income-producing property. With AAA tenants and a flexible model suited for hands-on operators or passive investors. Offering 8 single units, 1 two-bedroom apartment, and 1 commercial unit, plus shared amenities including a dining area with a fireplace, a lounge, a full kitchen, and common laundry. Zoned C2 the commercial unit could be used as a convenience store, restaurant, and much more. Situated on a 1.3-acre lot, it offers ample parking, green space, and private walk-out patios for each unit. Tenants currently receive meal services, creating an assisted-living style income stream. Option to hire out meals and maintenance for a hands-off investment. Value-add potential includes adding kitchenettes or expanding the building to increase cash flow. Conveniently located between Fenelon Falls and Bobcaygeon. Just steps to Eganridge Resort for dining and golfing and approx. 1.5 hours from the GTA. Turnkey opportunity with strong returns and future growth potential. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Verulam
- Living area
- 1
- Lot size
- 1.43 acres
- Lot dimensions
- 1.43
- Parking
- 15 total
- On market
- Apr 28, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $8,660
- Zoning
- C2
- Photos
- 48
- MLS#
- X13053928
- Area
- KAWARTHA_LAKES_(VERULAM)
Features and systems
Cooling
Cash on cash
-6.45%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,356
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.