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$ 759,000
Est. payment | /mo
7 Beds
4 Baths
$ 759,000
Est. payment | /mo
7 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Lindsay
MLS Listing ID X13556418
Style 2 1/2 Storey
Bedrooms 7
Annual Tax Amount $3,849
Tax Year 2026
Property Sub-Type Fourplex
Property Description
Welcome to 23 Queen Street in the heart of Lindsay-an exceptional opportunity to acquire a turn-key, fully occupied detached fourplex offering an attractive 8% cap rate and approximately 2,600 sq. ft. of living space. Meticulously maintained inside and out, this impressive two-storey investment property features approximately 9-foot ceilings on the main floor, a welcoming front veranda, side deck and three parking spaces. The four units include a main-floor one-bedroom apartment with a 3-piece bathroom, approximately 600 sq. ft.; an upper-level two-bedroom apartment with a loft and 4-piece bathroom, approximately 1,100 sq. ft.; a rear one-bedroom apartment overlooking the neighbouring parkette with a 3-piece bathroom, approximately 440 sq. ft.; and a lower-level two-bedroom apartment with a 3-piece bathroom, approximately 456 sq. ft. Each unit is equipped with a fridge and stove, while tenants provide their own air-conditioning units, helping reduce the landlord's maintenance responsibilities. Individual waste and recycling bins are also allocated to each unit for added convenience. Fully occupied by excellent tenants, with annual fire inspections completed and the property maintained to current standards, this is an ideal addition to any investment portfolio. It also offers an excellent owner-occupancy opportunity, allowing a purchaser to live in one unit while rental income from the remaining units helps offset housing expenses. Conveniently situated adjacent to a park for added privacy and quiet enjoyment, just three blocks from vibrant downtown Lindsay and close to shops, restaurants, schools, groceries, Ross Memorial Hospital, riverfront walking paths and the year-round Victoria Rail Trail. Minutes from Sturgeon Lake, Ken Reid Conservation Area and major routes connecting to Peterborough, Durham, York Region and the GTA.
Location
Province ON
County Kawartha Lakes
Area Kawartha Lakes
Rooms
Family Room No
Basement Apartment, Finished, Separate Entrance, Walk-Up
Kitchen 4
Separate Den/Office 3
Interior
Interior Features None
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Pool None
View Park/Greenbelt
Roof Type Asphalt Shingle
Lot Frontage 40.09
Lot Depth 87.13
Total Parking Spaces 3
Building
Foundation Stone
Others
Security Features Smoke Detector
ParcelsYN No
Listed by CENTURY 21 LEADING EDGE REALTY INC.