Salehian.com 647-325-5000

97 Cambridge Street S

Lindsay, Kawartha Lakes, K9V 3C6

$1,600,000

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  • 23 bedrooms
  • 10 bathrooms
  • 14 parking
  • 3500-5000 sq ft

Listed 5 days ago · MLS® X14082878

About this home

Prime Investment Opportunity in Lindsay -10-Plex with Exceptional Upside! Located in a quiet, high-demand neighbourhood just 5 blocks from downtown Lindsay, this well-maintained complex is an outstanding turnkey asset. Close to transit, shopping, and Fleming College, it offers a strong 8.67% Cap Rate with a clear runway to push returns even higher. The building features ample tenant and guest parking, secure key-coded access, a closed-loop security camera system with remote cell viewing, and a shared laundry room equipped with 2 washers, 2 dryers, and a change machine (currently optimized on a timed rotation giving each unit 2 private laundry days). Over the past 4 years, the owners have heavily invested in major capital improvements, including premium renovations on 8 of the 10 units. The remaining 2 units provide immediate value-add potential upon turnover. Unlocking the Profit Potential: Hydro Separation Infrastructure completed. A major electrical overhaul has been done with massive new meter bases installed. Four units are already separated; the remaining 6 are pre-wired to transition to tenant-paid hydro as vacancies occur, instantly slashing operating expenses. 12-Unit Conversion: The building contains 2 unused interior spaces. Bring your plans to the city to apply for building permits to convert this into a high-yielding 12-plex (zoning believed to support up to 12 units). This is a rare, rock solid asset where the heavy lifting and expensive structural work have been already done. Secure a stable return today with potential for you to systematically transition utility costs and increase unit count for future growth and increased return.

Details

Type
Multiplex
Style
Other
Size
3500-5000 sq ft
Lot
114.2 × 210.57 ft
Basement
Walk-Up, Partial Basement
Garage
None
Kitchens
10
Property tax
$29,184 (2026)
Neighbourhood
Lindsay
Municipality
Kawartha Lakes

Interior

Bedrooms
23 above ground
Bathrooms
10 × 4-piece
Rooms
48 above ground
Family room or den
No
Fireplace
No
Features
Separate Hydro Meter

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Exterior
Aluminum Siding
Roof
Asphalt Shingle, Membrane
Foundation
Concrete
Faces
West

Parking

Total parking
14
Driveway and parking
Private

Lot

Size
114.2 × 210.57 ft

More

Possession
flexible
Cross street
Cambridge Street S / George St

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 20 cafés and restaurants, 6 parks, 5 pharmacies. Nearest grocery: Valu-mart (700 m). Nearest park: George Street Park (250 m).

Schools nearby

Elementary

  • King Albert Public School
    EQAO: Gr 6 reading 77%, math 31%    7 min walk
  • St. Mary Catholic Elementary School Catholic
    EQAO: Gr 6 reading 73%, math 9%    13 min walk
  • Leslie Frost Public School
    EQAO: Gr 6 reading 86%, math 57%    18 min walk
  • Queen Victoria Public School
    EQAO: Gr 6 reading 100%, math 50%    1.3 km

Secondary

  • Central Senior School15 min walk
  • Lindsay Collegiate and Vocational Institute
    EQAO: Gr 9 math 55%, literacy test 77%    17 min walk
  • St. Thomas Aquinas Catholic Secondary School Catholic
    EQAO: Gr 9 math 45%, literacy test 68%    1.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K9V

Owners / renters
71% / 29%
Median household income
$72,500
Average age
47
Children under 15
14%
Homes
68% detached, 6% high-rise
Commute by transit
1%
Population
29,369

Languages spoken most at home besides English: German 0.2%, Pennsylvania German 0.2%, Dutch 0.1%, Punjabi (Panjabi) 0.1%.

Safety

Crime Severity Index for Kawartha Lakes police: 85 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal Lepage Kawartha Lakes Realty Inc..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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