18 Oak Street

View Available Listings Nearby

Listing Description

Rare 5-Plex in the heart of Fenelon Falls! This income-producing property features 5 x 1-Bed Units generating $6,856/month and $82,272 annually, with upside to $102,000. A prime investment offering turnkey income with separate entrances, hydro meters, and plenty of parking. Located on historic Oak Street beside. Three fully furnished units allow you to maximize income, ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, a master key system with smart locks for seamless management, and over $100k in upgrades over the last 5 years. Recent updates include kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished. Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include windows, plumbing, some kitchens, baths, flooring, and heat pumps (2023) for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement. Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Financials available upon request.