Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay with a Gross annual income of approx. $47,340 (7.19 CAP Rate). Both Properties Combined CAP Rate Of 6.75. This Large semi-detached brick home is over 1800 sq ft above grade, with 2 separate units currently tenanted by students on term leases by room. This home features 7 sizable bedrooms all with windows, 3 baths, 2 kitchens and shared laundry in the basement. Huge 33 x 173 lot, large covered porch, private driveway for 4 car parking, basement walk/out, second floor balcony, and a massive backyard with a large deck off the main floor & shed for storage. Upper unit - 5 bedroom unit with kitchen. Lower unit - 2 bedroom unit with kitchen & w/o to back deck. 2 sets of Coin-operated washers & dryers with separate entrance in the basement. Room in basement to potentially expand. Minutes to downtown, church, restaurants and 10 minute walk to Fleming College where the students attend. One of the oldest and best-ranked colleges for applied arts & technology in Canada, there is tons of demand for student housing near the college with consistently filled rooms. Upgrades include: Additional bathroom & shower in upstairs unit added, Sensors for furnace and added cold air returns to improve heating efficiency and costs, most apartments have been repainted, repairs to porch & repaint of porch.
Address
84 Durham Street W
List Price
$549,000
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
2 1/2 Storey
Area
Kawartha Lakes
Sub-Area
Lindsay
County
Kawartha Lakes
Bedrooms
7
Bathrooms
3
Floor Area
1500 - 2000 Sq. Ft.
Lot Depth
173.15
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
33.22
MLS® Number
X12026221
Listing Brokerage
SOTHEBY`S INTERNATIONAL REALTY CANADA
Basement Area
Full, Partially Finished
Postal Code
K9V 2P9
Parking
Private
Parking Places (Total)
4
Tax Amount
$2,319.00
Tax Year
2024
Interior Features
None
Property Features
Hospital, Park, School
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
North
Foundation Details
Unknown
Garage Type
None
Kitchens Total
2
Other Structures
Garden Shed
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer