Homula Realty Brokerage
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479 Eldon Road, Kawartha Lakes, ON K0M 2C0

12 beds · 15 baths · 15 kitchens · 43 rooms · 25 parking spaces · 3500-5000 sq ft · Multiplex
$2,750,000
Property tax
$22,443 / year

Excellent investment opportunity featuring a fully tenanted, 15-unit apartment building on just under 3 acres together with a 15.9-acre vacant land parcel with a concept plan for 10 residential lots located in the Hamlet of Little Britain near Lindsay, north of Port Perry. Offered for sale together, these unique properties combine strong in-place cash flow with future development potential. The 15-unit apartment building consists of 12 one-bedroom units and 3 studio units and currently generates approximately $186,000 in annual gross income and approximately $122,000 in NOI. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing investors with an opportunity for future rental growth through the renovation of the remaining units. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan for 10 residential lots, offering additional long-term potential for investors, developers, or land bankers. Rarely does a property offer the combination of stable income, value-add potential, and future development opportunities in one package.

MLS number
X13491558
Type
Multiplex
Status
Active
Bedrooms
12
Bathrooms
15
Postal code
K0M 2C0
Photos
46
79days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Dr George Hall Public School
Trillium Lakelands DSB
Elementary1.1 km6.1 / 10
61% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 496 people.

$106,000Median household income
78.6%Own their home
96.9%Detached houses
40.4Median age
5.2%Born outside Canada
12.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35160152 — the few blocks around this address, home to 496 people. It describes the area, not this property.

496Population
40Average age
3Household size
$98,000Average household income
$106,000Median household income
79%Own their home
21%Rent
0%Condominiums
5%Born outside Canada
12%University degree
$570,000Average home value
7%Low income
52%Not in the labour force
25%Never married
Under $5,0002%
$35,000 to $39,9992%
$45,000 to $49,9994%
$50,000 to $59,9992%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over36%
$100,000 to $124,9999%
$125,000 to $149,9999%
$150,000 to $199,99913%
$200,000 and over6%

Percentages are of the 235 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$550,000 · minimum here is $550,000
$12,176.40per month
Borrowed before insurance$2,200,000
Total borrowed$2,200,000
Interest over 25 years at 4.5%$1,452,921

If you rented it out

-$14,046.65per month out of pocket
Rent$0.00
Everything it costs to hold$14,046.65
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by KELLER WILLIAMS REFERRED URBAN REALTY. Listing data provided by the Toronto Regional Real Estate Board.