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 |
Length |
Width |
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