540 OLD HWY 2
Central Lakes · K8V5P5
$1,400,000
About this residence
This turnkey investment property features two fully leased buildings with strong, consistent income potential. Building 1 includes seven residential units and one commercial space, offering an attractive mix of revenue streams. The residential component consists of four spacious two-bedroom apartments and three one-bedroom apartments, appealing to a broad tenant base. The commercial unit features an approximately 800 sq ft. garage/workshop, adding valuable commercial income potential. Building 2 offers two additional residential units, including a bright ground-floor two-bedroom apartment and a well-appointed two-bedroom basement apartment. With dependable tenants already in place and a balanced mix of residential and commercial occupancy, this property represents an excellent opportunity for investors seeking stable cash flow and long-term portfolio growth. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Living area
- 7,350 sq ft
- Lot size
- 0.523
- Frontage
- 188.2 feet
- Annual tax
- $15,005
- MLS®
- X13101894
- Board
- Central Lakes
- Status
- Active
- Listed
- May 8, 2026
- Updated
- May 24, 2026
Features & finishes
Heating
- Forced air
- Baseboard heaters
- Natural gas
Cooling
- Partially air conditioned
Lot
- Irregular lot size
Sewer & Utilities
- Septic System
Financing
Estimated monthly payment
$6,547/mo
Loan amount
$1,120,000
Down payment
$280,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K8V- 28,936
- Population
- 44
- Median age
- $76,500
- Median income
- $400,000
- Median home value
- 67%
- Home ownership
- 20 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 540 OLD HWY 2?
540 OLD HWY 2 is listed for $1,400,000, in Central Lakes.
What type of home is 540 OLD HWY 2?
540 OLD HWY 2 is a Multi-family, Multi-Family.
How large is 540 OLD HWY 2?
The home offers approximately 7,350 sq ft of living space on a lot measuring 0.523.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $6,547. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $15,005 per year.
What is the Central Lakes area like?
Central Lakes has a population of about 28,936, a median age of 44, a 67% home-ownership rate, with an average commute of about 20 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $400,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $76,500.
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