84 Durham Street W Lindsay, Ontario K9V 2P9
$579,000
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:51210)
Property Details
| MLS® Number | 40661861 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Park, Schools |
| Equipment Type | Water Heater |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
| View Type | City View |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Semi-detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2431 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 173 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 0.134 |
| Size Total | 0.134 Ac|under 1/2 Acre |
| Size Total Text | 0.134 Ac|under 1/2 Acre |
| Zoning Description | R3 - Duplex |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 12'2'' x 10'3'' | ||
| Second Level | Bedroom | 12'2'' x 10'6'' | ||
| Second Level | 3pc Bathroom | 7'6'' x 5'7'' | ||
| Second Level | Kitchen | 15'9'' x 11'10'' | ||
| Third Level | 3pc Bathroom | 7'0'' x 5'8'' | ||
| Third Level | Bedroom | 12'8'' x 10'4'' | ||
| Third Level | Bedroom | 14'11'' x 8'9'' | ||
| Third Level | Bedroom | 14'10'' x 8'10'' | ||
| Basement | Storage | 10'3'' x 10'0'' | ||
| Basement | Laundry Room | 14'5'' x 10'2'' | ||
| Main Level | 4pc Bathroom | 7'1'' x 5'0'' | ||
| Main Level | Bedroom | 11'4'' x 10'6'' | ||
| Main Level | Bedroom | 12'10'' x 11'9'' | ||
| Main Level | Kitchen | 17'7'' x 10'2'' |
https://www.realtor.ca/real-estate/27533627/84-durham-street-w-lindsay
Interested?
Contact us for more information
Dave Dubbin
Broker
410 Muskoka Road South, Unit 4
Gravenhurst, Ontario P1P 1J4
(705) 687-5656
sothebysrealty.ca/
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November 14 2024 08:31:08
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
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