Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay, with gross annual income of approx. $40,200 (6.02 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 5 sizable bedrooms all with windows, 2 kitchens and 2 large shared living spaces above grade. Huge 36 x 173 lot, large covered porch, private driveway for 4 car parking, and a massive backyard with a large deck off the main floor & shed for storage. There's even a second floor balcony! Upper unit - 2bedroom unit with kitchen and wonderful 3rd storey loft living space. Lower unit - 3 bedroom unit with kitchen & living space. Minutes to downtown, church, restaurants and only a 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: new sensors for furnaces to improve heating efficiency & costs, most apartments have been repainted, 2 new windows, porch recently painted. |
Extras: Includes appliances & misc. furniture - see schedule D for inclusions/exclusions. HWT rental ($40/month). |
Price | $519,000 |
Taxes: | $2641.80 |
Address: | 82 Durham St West , Kawartha Lakes, K9V 2P9, Ontario |
Lot Size: | 36.24 x 173.63 (Feet) |
Acreage: | < .50 |
Directions/Cross Streets: | Lindsay St South & Kent St W |
Rooms: | 9 |
Bedrooms: | 3 |
Bedrooms +: | 2 |
Kitchens: | 2 |
Family Room: | N |
Basement: | Finished, Full |
Property Type: | Semi-Detached |
Style: | 2 1/2 Storey |
Exterior: | Brick |
Garage Type: | None |
(Parking/)Drive: | Private |
Drive Parking Spaces: | 4 |
Pool: | None |
Other Structures: | Garden Shed |
Approximatly Square Footage: | 1500-2000 |
Property Features: | Hospital, Park, School |
Fireplace/Stove: | N |
Heat Source: | Gas |
Heat Type: | Forced Air |
Central Air Conditioning: | None |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
SOTHEBY`S INTERNATIONAL REALTY CANADA |
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Type: | Freehold - Semi-Detached |
Area: | Kawartha Lakes |
Municipality: | Kawartha Lakes |
Neighbourhood: | Lindsay |
Style: | 2 1/2 Storey |
Lot Size: | 36.24 x 173.63(Feet) |
Tax: | $2,641.8 |
Beds: | 3+2 |
Baths: | 2 |
Fireplace: | N |
Pool: | None |