42 Wellington Street

Kawartha Lakes, ONMulti-family
$579,900
MLS® X14109296
Multi-family5 beds4 baths8 total
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About This Property

Centrally located legal non-conforming brick triplex generating $5,140/month in gross rental income, situated on a generous 50 x 200 ft lot with excellent future potential. This income-producing property offers approximately 2,300 sq ft of living space across three residential units, three separate hydro meters, ample parking, and two additional rented detached structures providing supplementary rental income.The unit mix includes an upper-level 2-bed, 1-bath apartment ($1,235/month); a main-floor 2-bed, 1-bath apartment ($1,219/month); and an updated main-floor 1-bed, 1-bath apartment ($1,786/month). Additional rental income comes from a detached brick double tandem garage, currently leased at $500/month, and a separate two-storey barn, leased at $400/month. An unfinished basement provides free shared laundry for tenants along with additional storage space.Set on a substantial 200-foot-deep lot with plenty of parking, just steps from downtown Lindsay, Kent Street shopping and dining, the new Foundry development, and everyday amenities. An excellent investment opportunity with strong existing rental income, multiple income streams, and a large lot in a convenient central location. (id:63604)

Key Facts

Type
Multi-family
Beds
5
Baths
4
Size
2,000 sqft
Lot
50.7 x 200.5 FT
Parking
8 total
Property Details 15 details
Bedrooms
5 bedrooms
5 above grade
Bathrooms
4 bathrooms
Parking
8 parking spaces
Detached Garage · Garage
Living area
2,000 - 2,500 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Storeys
2
Basement
Unfinished
Heating
Radiant heat, Natural gas
Cooling
Wall unit
Fireplace
No
Lot dimensions
50.7 x 200.5 FT
Frontage
50.80 feet
Taxes
$3,895.20
Zoning
R2
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

Vinyl

Exterior features

BrickStone
Rooms 17 rooms
Level
Room
Dimensions
Second level
Bathroom
2.82 m x 2.47 m
Second level
Bedroom
4.1 m x 3.06 m
Second level
Bedroom
4.09 m x 3.02 m
Main level
Dining room
2.16 m x 2.05 m
Second level
Family room
4.06 m x 4.45 m
Second level
Kitchen
1.93 m x 3.65 m
Second level
Other
1.07 m x 2.52 m
Basement
Cold room
3.23 m x 4.69 m
Basement
Other
7.9 m x 5.93 m
Main level
Bedroom
3.35 m x 2.84 m
Main level
Bedroom
2.34 m x 3.13 m
Main level
Foyer
1.92 m x 2.46 m
Main level
Kitchen
3.42 m x 2.39 m
Main level
Kitchen
4.05 m x 3.4 m
Main level
Living room
4.05 m x 4.45 m
Main level
Living room
4.05 m x 3.56 m
Main level
Primary Bedroom
2.68 m x 3.94 m

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Mortgage & Affordability Estimate monthly costs
Mortgage Tools Buyer/Seller Snapshot
Purchase price$579,900
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Lindsay
City
Kawartha Lakes
Postal code
K9V 3N3
Nearby
Cross Streets: Cambridge St N / Wellington St. ** Directions: North on 35, Exit 19, West on Wellington.
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