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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Rooms

Level	Type	Dimensions
Bedroom	Second level	12'2'' x 10'3''
Bedroom	Second level	12'2'' x 10'6''
3pc Bathroom	Second level	7'6'' x 5'7''
Kitchen	Second level	15'9'' x 11'10''
3pc Bathroom	Third level	7'0'' x 5'8''
Bedroom	Third level	12'8'' x 10'4''
Bedroom	Third level	14'11'' x 8'9''
Bedroom	Third level	14'10'' x 8'10''
Storage	Basement	10'3'' x 10'0''
Laundry room	Basement	14'5'' x 10'2''
4pc Bathroom	Main level	7'1'' x 5'0''
Bedroom	Main level	11'4'' x 10'6''
Bedroom	Main level	12'10'' x 11'9''
Kitchen	Main level	17'7'' x 10'2''

Details

Amenities Nearby: Hospital, Park, Schools
Equipment: Water Heater
Ownership: Freehold
Parking Spaces: 4
Rental Equipment: Water Heater
Structure: Porch
Transaction: For sale
View: City view
Zoning Description: R3 - Duplex

Building

BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 7
Construction Style Attachment: Semi-detached
Cooling: None
Exterior Finish: Brick
Fireplace Present: False
Foundation: Unknown
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2431 sqft
Stories Total: 2.5
Type: House
Utility Water: Municipal water

Land

Access Type: Road access
Amenities: Hospital, Park, Schools
Sewer: Municipal sewage system
Size Frontage: 33 ft
Size Irregular: 0.134
Size Total: 0.134 ac|under 1/2 acre

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 Virginia Dawn to schedule a viewing or to discover other Lindsay homes for sale.

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