84 DURHAM Street W, Lindsay, Ontario
$579,000
- 7 Beds
- 3 Baths
- 2,431 Square Feet
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:56241)
- Listing ID: 40661861
- Property Type: Single Family
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Listing provided by Sotheby's International Realty Canada, Brokerage (Gravenhurst Unit 4)
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 84 DURHAM Street W in Lindsay Ontario. It was last modified on October 11th, 2024. Contact Mark Egan to schedule a viewing or to discover other Lindsay real estate for sale.