84 DURHAM Street W, Lindsay, Ontario
$599,000
- 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 (6.59 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
Schedule a Tour
Schedule Private Tour
Heather Garner would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Heather Garner, who specializes in Lindsay real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Heather Garner find a property to match your lifestyle.
Listing provided by Sotheby's International Realty Canada, Brokerage (Gravenhurst Unit 4)
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
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 Heather Garner to schedule a viewing or to discover other Lindsay homes for sale.