Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay with a Gross annual income of approx. $47,340 (6.82 Cap Rate). 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. **EXTRAS** Includes appliances & misc. furniture - see schedule D for inclusions/exclusions. HWT rental ($40/month). (id:4069)
Address
84 DURHAM STREET W
List Price
$579,000
Property Type
Single Family
Type of Dwelling
House
Area
Ontario
Sub-Area
Kawartha Lakes (lindsay)
Bedrooms
7
Bathrooms
3
Floor Area
1,500 Sq. Ft.
Lot Size
33.2 x 173.2 FT Ac.
MLS® Number
X9393479
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Basement Area
Full (Partially finished)
Postal Code
K9V2P9
Site Influences
Hospital, Park, Schools
