Skip to content
1 / 49
For saleMLS® X14031188

97 CAMBRIDGE Street S, Kawartha Lakes, ON K9V 3C6

Lindsay · K9V 3C6

$1,600,000

$195 / sq ft

3 weeks on market

Bedrooms
25
Total area
8,207 sf
Lot
114.2 × 210.57 ft
Age
51-99 years

Book a private showing

Pick a time that suits you. No obligation.

Loading open times…

About this property

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 8.67% 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.

Property details

Property

Property type
investment
Bedrooms
25
Interior size
8,207 sq ft
Year built
51-99
Lot size
114.2 × 210.57 ft
Zoning
RM2 (H)
Possession
Flexible

Interior

Heating
Gas Forced Air Closed · Gas
Cooling
No

Exterior & services

Sewer
Sanitary

Costs

List price
$1,600,000
Property taxes
$29,184 / year (2026)
Price per sq ft
$195

Listing

MLS® number
X14031188
Status
For sale
Listed
October 14, 2026
Days on market
22
Last updated
October 14, 2026
Listing brokerage
Royal Lepage Kawartha Lakes Realty Inc.

Price & sale history

This property's sale history is hidden

TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.

Unlock sale history & sold price

Free. Takes about twenty seconds.

Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 56% of comparable multi-unit / investment listings in Kawartha Lakes are asking less.

$687KMedian $1.30M$5.20M
This home
$195 / sq ft
Comparable median
$100 / sq ft

Based on 9 comparable active multi-unit / investment listings in Kawartha Lakes. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $320,000
$320,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,077.34
Property tax (est.)
$2,432.00
Estimated monthly
$9,509

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$28,475
Total due on closing
$28,475

An estimate on the asking price of $1,600,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Royal Lepage Kawartha Lakes Realty Inc.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,600,000

Contact Book a viewing

Comparable sales nearby

What similar homes in this area actually sold for.

Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

Unlock nearby sold prices

Free. Takes about twenty seconds.