33 Melbourne Street W, Kawartha Lakes - $599,900

33 Melbourne Street W

33 MELBOURNE Street W, Kawartha Lakes

33 MELBOURNE Street W in Kawartha Lakes - 7 bedroom, 4 bathroom. Listed at $599,900.

Centrally located legal non-conforming brick 4-plex with potential gross rental income of $5,032/month, situated on a massive 80 x 188 ft potential double lot with excellent future potential. This charming 1.5-storey property offers approximately 3,300 sq ft of living space, plenty of original character, a double detached garage, parking for up to six vehicles, and additional basement storage.The unit mix includes a main-floor 1-bed, 1-bath apartment ($1,075/month); a spacious 4-bed, 1.5-bath apartment spanning the main and second floors ($2,095/month + 30% utilities); a lower-level 1-bed with kitchen ($862/month); and a lower-level bachelor with kitchen ($700/month). The two lower-level units share a bathroom. The vacant double detached garage offers estimated rental income of $300/month. All tenants have access to free shared laundry in the basement, along with additional storage space.Updates include roof (2019), windows (2020), two furnaces (one updated 2019), and a 200-amp breaker panel. Set along mature tree-lined Melbourne Street, just steps from downtown Lindsay and Kent Street shopping, dining, and everyday amenities. An excellent income-producing property with a strong existing rent roll, substantial lot size, and future potential.

Property Details

  • Property Type: Mortgage
  • Style: 1 1/2 Storey
  • Square Footage: 2250 sqft
  • Basement: Full
  • Heating: Gas
  • Cooling: None
  • Parking: 6 spaces
  • Property Taxes: $4,478.76/yr
  • Neighbourhood: Lindsay
  • Postal Code: K9V 2S7

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