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Investment signal

$799,900

16 ST DAVID STREET

Save this home

Beds

6

Baths

3

Sqft

Year

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kawartha Lakes (Lindsay). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Where Character, Comfort & Cash Flow Come Together .Some properties just have a presence... and this one welcomes you in from the moment you arrive. With its classic gabled rooflines and wraparound porch, there's a warmth here that's hard to replicate-a place that feels like home the second you see it. Behind that charming exterior sits a well-cared-for legal triplex, offering a beautiful balance of lifestyle and investment. Whether you're expanding your portfolio or stepping into ownership, this is the kind of property that quietly does the work for you. Inside, you'll find three self-contained, above-grade units, each with its own personality and practical layout .A generous 3-bedroom suite with flexibility to add additional bathroom space or private laundry .A refreshed 2-bedroom unit featuring balcony access and its own laundry area A cozy, updated 1-bedroom suite complete with private laundry .Each unit is individually metered for gas and hydro, keeping things simple and efficient, while ample on-site parking for 6 vehicles adds everyday convenience tenants appreciate. Thoughtful exterior improvements, including updated siding and roof (2017), provide peace of mind and long-term value. Perfectly positioned in Lindsay, this home is close to all the essentials-hospital, transit, schools, shopping, and College making it a location that continues to attract quality tenants. This is more than just a triplex ,,it's a property with soul, stability, and the kind of charm that stands out in today's market. (id:65958)

Subtype
Multi-family
Structure
Triplex
Community
Lindsay
Lot dimensions
90 x 67.1 FT
Bedrooms
3 above grade, 3 below grade
Parking
6 total
Stories
2.5
On market
Apr 20, 2026
Status changed
Apr 20, 2026
Annual tax
$3,040 (2025)
Zoning
R1
Photos
38
MLS#
X13018336
Area
KAWARTHA_LAKES_(LINDSAY)

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersElectric

Cooling

None

Exterior

Vinyl siding

Foundation

Stone

Utilities

SewerElectricityCable
Negative cash flow ~$889/mo at these assumptions

Cash on cash

-6.67%

Cap rate

3.53%

GRM

16.7

Break-even rent

$4,936

Financing

Down payment$159,980
Loan amount$639,920
Mortgage$3,242/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$367
Insurance$80
Maintenance$667
CapEx reserve$333
Vacancy loss$200

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

Estimated $3,242/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.

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