1578 COUNTY 8 ROAD
Central Lakes · K0M1N0
$1,149,900
About this residence
Are you looking for a new business or a High Cash Flow Investment with 11.2% CAP? This is a turnkey Well Maintained Multi-Unit building. Rare opportunity to own a proven income-producing property. With AAA tenants and a flexible model suited for hands-on operators or passive investors. Offering 8 single units, 1 two-bedroom apartment, and 1 commercial unit, plus shared amenities including a dining area with a fireplace, a lounge, a full kitchen, and common laundry. Zoned C2 the commercial unit could be used as a convenience store, restaurant, and much more. Situated on a 1.3-acre lot, it offers ample parking, green space, and private walk-out patios for each unit. Tenants currently receive meal services, creating an assisted-living style income stream. Option to hire out meals and maintenance for a hands-off investment. Value-add potential includes adding kitchenettes or expanding the building to increase cash flow. Conveniently located between Fenelon Falls and Bobcaygeon. Just steps to Eganridge Resort for dining and golfing and approx. 1.5 hours from the GTA. Turnkey opportunity with strong returns and future growth potential. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Bathrooms
- 13
- Living area
- 1 sq ft
- Lot size
- 1.43
- Frontage
- 327.4 feet
- Parking
- 15 spaces
- Annual tax
- $8,660
- MLS®
- X13053928
- Board
- Central Lakes
- Status
- Active
- Listed
- Apr 28, 2026
- Updated
- May 29, 2026
Features & finishes
Cooling
- Fully air conditioned
Financing
Estimated monthly payment
$5,378/mo
Loan amount
$919,920
Down payment
$229,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K0M- 53,815
- Population
- 57
- Median age
- $80,000
- Median income
- $600,000
- Median home value
- 88%
- Home ownership
- 33 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 1578 COUNTY 8 ROAD?
1578 COUNTY 8 ROAD is listed for $1,149,900, in Central Lakes.
How many bedrooms and bathrooms does 1578 COUNTY 8 ROAD have?
It offers — bedrooms and 13 bathrooms.
What type of home is 1578 COUNTY 8 ROAD?
1578 COUNTY 8 ROAD is a Multi-family, Multi-Family.
How large is 1578 COUNTY 8 ROAD?
The home offers approximately 1 sq ft of living space on a lot measuring 1.43.
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 $5,378. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $8,660 per year.
Is there parking?
Yes — 1578 COUNTY 8 ROAD includes 15 parking spaces.
What is the Central Lakes area like?
Central Lakes has a population of about 53,815, a median age of 57, a 88% home-ownership rate, with an average commute of about 33 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $80,000.
Similar residences
Comparable Multi-Family near Central Lakes at a similar price.
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