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84 DURHAM Street W
Lindsay Ontario K9V2P9 Canada

$579,000

Active Listing ID 40661861
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7 bed
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2,431 square feet
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3.00 Bath
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Single Family

$579,000

Active Listing ID 40661861
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84 DURHAM Street W 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: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 8:40:04 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)