Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay, with gross annual income of approx. $40,200 (6.02 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 5 sizable bedrooms all with windows, 2 kitchens and 2 large shared living spaces above grade. Huge 36 x 173 lot, large covered porch, private driveway for 4 car parking, and a massive backyard with a large deck off the main floor & shed for storage.
There's even a second floor balcony! Upper unit - 2 bedroom unit with kitchen and wonderful 3rd storey loft living space. Lower unit - 3 bedroom unit with kitchen & living space. Gross annual income is approx $40,200. Minutes to downtown, church, restaurants and only a 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: new sensors for furnaces to improve heating efficiency & costs, most apartments have been repainted, 2 new windows, porch recently painted.
Includes appliances & misc. furniture - see schedule D for inclusions/exclusions., Other
City: Kawartha Lakes
Neighborhood: Lindsay
Located at 82 Durham St W , this Kawartha Lakes house went off the market on null. This house's size is 2467 Sqft. It has 3 bedrooms and 2 bathrooms. Views are to the North from this property. The property includes the following rooms: Bathroom, Kitchen, Bathroom. This property comes with 4 parking spots. 82 Durham St W, Kawartha Lakes is situated in the Lindsay neighbourhood.
MLS#: X10439253 · $519,000 · 3 bedroom house in Lindsay, Kawartha Lakes