18 Oak St
Fenelon Falls, Kawartha Lakes, K0M 1N0
FOR SALE
$899,000
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5 + 1
BEDROOMS5
BATHROOMS5
KITCHENS24
ROOMSX11952178
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Property Description
Rare Legal 5-Plex in the Heart of Fenelon Falls with 3 Vacant Units! Located on historic Oak Street overlooking the Locks, this grand 5-Unit building is a prime investment opportunity with Five 1-Bedroom Units and over $150K in recent upgrades. Three VACANT fully furnished units allow you to set your own rents, making it ideal for short or long-term tenants. Spanning over 3300sf, the property features separate hydro meters, six parking spaces, and a master key system with smart locks for seamless management. Recent renovations include new kitchens, baths, and modern finishes, with Units 1, 4, and 5 fully updated and furnished.With a current estimated annual income of $77,000, this property delivers strong cash flow and equity growth.Tenants pay their own electric heat and hydro, keeping utilities low. Upgrades include a new roof (2014), updated windows, 20-year plumbing, and new heat pumps installed in 2023 for Units 4 and 5, complementing the existing electric baseboard heating. Coin laundry is available in the basement for additional income.Situated steps from downtown Fenelon Falls, this property boasts stunning views of the Trent-Severn Locks and is close to all major amenities. Clean Phase 1 ESA (2021) available. Financials available upon request.
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Property Features
Beach, Lake Access, Lake/Pond, Marina, Rec Centre, Waterfront
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
7,675' x 145'
Acreage
< .50
Fronting
North
Taxes
$3,409 (2024)
Basement
Full, Part Fin
Exterior
Board/Batten, Other
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Kawartha Lakes Market Statistics
Kawartha Lakes Price Trend
18 Oak St is a 5-bedroom 5-bathroom home listed for sale at $899,000, which is $444,000 (97.6%) higher than the average sold price of $455,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Kawartha Lakes declined by $15,000 (3.2%) compared to the previous 30 day period (December 22 - January 20) and down $1,557,500 (77.4%) from the same time one year ago.Inventory Change
There were 7 5-bedroom homes listed in Kawartha Lakes over the last 30 days (January 21 - February 19), which is up 133.3% compared with the previous 30 day period (December 22 - January 20) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Kawartha Lakes typically sold ($24,900) (5.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $0 decrease compared to the previous 30 day period (December 22 - January 20) and ($186,950) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Kawartha Lakes over the last 30 days (January 21 - February 19) stood at 14.3%, down from 33.3% over the previous 30 days (December 22 - January 20) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Kawartha Lakes stood at 77 days when successfully sold over the last 30 days (January 21 - February 19), compared to 134 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Signature Realty, Brokerage
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