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 seperate entrance in the basement. Room in basement to potentially expand. Gross annual income is approx $47,340. 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. (id:13139)
MLS® Number | X10439162 |
Property Type | Single Family |
Community Name | Lindsay |
AmenitiesNearBy | Hospital |
CommunicationType | Internet Access |
EquipmentType | Water Heater |
ParkingSpaceTotal | 4 |
RentalEquipmentType | Water Heater |
Structure | Deck, Porch |
ViewType | City View |
BathroomTotal | 3 |
BedroomsAboveGround | 7 |
BedroomsTotal | 7 |
Appliances | Furniture |
BasementDevelopment | Finished |
BasementType | Full (finished) |
ConstructionStyleAttachment | Semi-detached |
ExteriorFinish | Brick |
FoundationType | Unknown |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
StoriesTotal | 3 |
Type | House |
UtilityWater | Municipal Water |
Acreage | No |
LandAmenities | Hospital |
Sewer | Sanitary Sewer |
SizeFrontage | 33.22 M |
SizeIrregular | 33.22 X 173.15 Acre |
SizeTotalText | 33.22 X 173.15 Acre|under 1/2 Acre |
ZoningDescription | R3 - Duplex |
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Second Level | Bedroom | 3.71 m | 3.12 m | 3.71 m x 3.12 m |
Second Level | Kitchen | 4.8 m | 3.61 m | 4.8 m x 3.61 m |
Second Level | Bathroom | 2.29 m | 1.7 m | 2.29 m x 1.7 m |
Second Level | Bedroom | 3.71 m | 3.2 m | 3.71 m x 3.2 m |
Third Level | Bedroom | 4.52 m | 2.69 m | 4.52 m x 2.69 m |
Third Level | Bedroom | 4.55 m | 2.67 m | 4.55 m x 2.67 m |
Third Level | Bedroom | 3.86 m | 3.15 m | 3.86 m x 3.15 m |
Third Level | Bathroom | 2.13 m | 1.73 m | 2.13 m x 1.73 m |
Basement | Laundry Room | 4.39 m | 3.1 m | 4.39 m x 3.1 m |
Basement | Other | 3.12 m | 3.05 m | 3.12 m x 3.05 m |
Main Level | Kitchen | 5.36 m | 3.1 m | 5.36 m x 3.1 m |
Main Level | Bedroom | 3.91 m | 3.58 m | 3.91 m x 3.58 m |
Main Level | Bedroom | 3.45 m | 3.2 m | 3.45 m x 3.2 m |
Main Level | Bathroom | 2.16 m | 1.52 m | 2.16 m x 1.52 m |
https://www.realtor.ca/real-estate/27533627/84-durham-street-w-kawartha-lakes-lindsay-lindsay
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