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84 Durham Street W Lindsay, Ontario K9V 2P9

7 Bedroom 3 Bathroom 2431 sqft
None Forced Air

$579,000

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:51398)

Property Details

MLS® Number 40661861
Property Type Single Family
Community Name Lindsay
Amenities Near By Hospital, Park, Schools
Equipment Type Water Heater
Parking Space Total 4
Rental Equipment Type Water Heater
Structure Porch
View Type City View

Building

Bathroom Total 3
Bedrooms Above Ground 7
Bedrooms Total 7
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Semi-detached
Cooling Type None
Exterior Finish Brick
Foundation Type Unknown
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2431 Sqft
Type House
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Hospital, Park, Schools
Sewer Municipal Sewage System
Size Depth 173 Ft
Size Frontage 33 Ft
Size Irregular 0.134
Size Total 0.134 Ac|under 1/2 Acre
Size Total Text 0.134 Ac|under 1/2 Acre
Zoning Description R3 - Duplex

Rooms

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

https://www.realtor.ca/real-estate/27533627/84-durham-street-w-lindsay

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