Excellent investment opportunity featuring a fully tenanted, 15-unit apartment building on just under 3 acres together with a 15.9-acre vacant land parcel with a concept plan for 10 residential lots located in the Hamlet of Little Britain near Lindsay, north of Port Perry. Offered for sale together, these unique properties combine strong in-place cash flow with future development potential. The 15-unit apartment building consists of 12 one-bedroom units and 3 studio units and currently generates approximately $186,000 in annual gross income and approximately $122,000 in NOI. Fourteen of the fifteen units are separately metered. Six units have been renovated, providing investors with an opportunity for future rental growth through the renovation of the remaining units. New roof installed in 2023. Included in the offering is an approximately 15.9-acre vacant land parcel with a completed concept plan for 10 residential lots, offering additional long-term potential for investors, developers, or land bankers. Rarely does a property offer the combination of stable income, value-add potential, and future development opportunities in one package.
12 bedrooms, 15 bathrooms, about 3,500 sq ft, works out to roughly $786 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 479 Eldon Rd
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
25 spaces
Basement
Partially Finished
Features & systems
Parking & garage
Parking spaces
25
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
18.92
Listing & possession
Property style
2-Storey
Property class
Multiplex
479 Eldon Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13491558$2,750,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 479 Eldon Rd Compares to the Kawartha Lakes Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$13,510
/mo
based on the purchase price of $2,750,000
$550,000 cash
$2,200,000 financed
$1,852,977 total interest
Principal54%$2,200,000
Interest46%$1,852,977
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 479 Eldon Rd
Homes for sale in Kawartha Lakes
Every active Kawartha Lakes MLS® listing, updated all day.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio95.8%On average, homes sold below asking.
Active listings839Homes for sale here right now.
Median vs prior 90 days−5.9%Compared with May 14 – Aug 12, 2026: prices down.
Based on 502 sales from Aug 12 – Nov 10, 2026 (391 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 479 Eldon Rd
How much is 479 Eldon Rd listed for?
479 Eldon Rd is listed at $2,750,000 (MLS® X13491558). Summitly updates the price as soon as the MLS® record changes.
Is $2,750,000 a good price for 479 Eldon Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Kawartha Lakes. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 479 Eldon Rd changed?
No — 479 Eldon Rd is still listed at its original asking price of $2,750,000.
How many bedrooms and bathrooms does 479 Eldon Rd have?
479 Eldon Rd has 12 bedrooms and 15 bathrooms, with about 3,500–5,000 square feet of living space. It is a multiplex in Kawartha Lakes.
How much would the monthly mortgage be on 479 Eldon Rd?
About $13,510 a month — principal and interest on $2,750,000 with 20% down ($550,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 479 Eldon Rd compare with other homes in Kawartha Lakes?
Its asking price of $2,750,000 is about 364% above the median sold price in Kawartha Lakes over the last 90 days, $593,000, across 502 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 479 Eldon Rd been sold before?
Summitly has no earlier MLS® sale or lease of 479 Eldon Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 479 Eldon Rd?
479 Eldon Rd is in Kawartha Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 479 Eldon Rd been on the market?
138 days — 479 Eldon Rd was listed on June 25, 2026.
What is the price per square foot of 479 Eldon Rd?
About $550 to $786 per square foot: the asking price of $2,750,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 479 Eldon Rd have parking or a garage?
Yes — the listing gives 25 parking spaces.
Does 479 Eldon Rd have a basement, and is it finished?
The listing describes the basement as: Partially Finished.
