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.
Includes appliances & misc. furniture - see schedule D for inclusions/exclusions., Other
City: Kawartha Lakes
Neighborhood: Lindsay
Located at 84 Durham St W , this Kawartha Lakes house went off the market on null. This house's size is 2431 Sqft. It has 7 bedrooms and 3 bathrooms. Views are to the North from this property. The property includes the following rooms: Bathroom, Bathroom, Bathroom. This property comes with 4 parking spots. 84 Durham St W, Kawartha Lakes is situated in the Lindsay neighbourhood.
MLS#: X10439162 · $579,000 · 7 bedroom house in Lindsay, Kawartha Lakes