97 CAMBRIDGE Street
Kawartha Lakes, ON
- 25 bed
- 8,207 sqft
- Investment
- 76 days on market
Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $25,020
- Listed
- June 25, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 114.2 x 210.57 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
- Heat Source
- Gas
Location & Legal
- Cross Street
- Located on the corner of Cambridge Street S and George St.
- Zoning
- RM2 (H)
- Parcel Number
- 632350232
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- Fridges x 10, Stoves x 10, coin operated laundry, change machines, camera monitoring system, picnic tables x 2, bikes Racks x 3, 9 Hot Water Tanks
- Exclusions
- Tenant Personal Belongings
Community
Postal area K9V
- Population
- 29,369
- Private dwellings
- 12,949
- Median age
- 49.6
- Average household size
- 2.3
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Kawartha Lakes · last 12 months
- Median sold price
- $612,500
- Homes sold
- 1,268
- Median days on market
- 35
- Sale-to-list price
- 95.9%
Based on 1,268 recorded sales of commercial properties in Kawartha Lakes over the last 12 months.
Listed by
Royal Lepage Kawartha Lakes Realty Inc.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 8,207 sq ft
- Price per sq ft
- $219.32
- Annual property tax
- $25,020
- Tax per sq ft
- $3.05
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry…. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?