84 Durham Street For Sale

Lindsay, Lindsay (Town), K9V 2P9

$579,000

Description

Listed by Sotheby's International Realty Canada, Brokerage (Gravenhurst Unit 4).

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.

Other,Includes Appliances & Misc. Furniture - See Schedule D For Inclusions/Exclusions.

Location

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  • Address: 84 Durham Street
  • Neighborhood: Lindsay (Town)
  • City: Lindsay
  • State: ON
  • Postal Code: K9V 2P9

Property Video

Property Details

  • Property ID: 40661861
  • Property Price: $579,000
  • Style: Single Family Residence, 2.5 Storey
  • Sq/Ft: 2431
  • Rooms: 12+2
  • Bedrooms: 7+0
  • Bath: 3
  • Parking Spaces: 4
  • Basement: Full, Finished
  • Exterior: Brick
  • Heating: Forced Air, Natural Gas
  • Taxes: $2,250.42 (2023)
  • Acreage: 0.134 Acres
  • Lot: 173.15x33.22 (Acres)
  • Exposure: North

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Room details and dimensions

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Property History

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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100