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82 DURHAM Street W
Lindsay Ontario K9V2P9 Canada

$519,000

Active Listing ID 40661833
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5 bed
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2,467 square feet
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2.00 Bath
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Single Family

$519,000

Active Listing ID 40661833
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82 DURHAM Street W 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 - 2 bedroom unit with kitchen and wonderful 3rd storey loft living space. Lower unit - 3 bedroom unit with kitchen & living space. Gross annual income is approx $40, 200. 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. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: None
  • Exterior Finish: Brick
  • Heating Systems: Forced air, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/14/2024 8:40:05 PM GMT
Source Updated Date: 11/22/2024 10:09:03 PM GMT

Courtesy of: Dave Dubbin, Broker, Sotheby's International Realty Canada, Brokerage (Gravenhurst Unit 4)