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:51532)
| Property Summary |
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| Building |
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| Land |
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| Level | Rooms | Dimensions |
|---|---|---|
| Second level | Bedroom | 12'3'' x 10'4'' |
| Bedroom | 12'3'' x 10'1'' | |
| 4pc Bathroom | 9'9'' x 5'6'' | |
| Third level | Living room | 27'11'' x 20'2'' |
| Basement | 4pc Bathroom | 7'7'' x 5'4'' |
| Bedroom | 13'1'' x 10'2'' | |
| Bedroom | 14'5'' x 9'8'' | |
| Main level | Kitchen | 11'6'' x 11'10'' |
| Living room | 15'1'' x 9'11'' | |
| Kitchen | 13'7'' x 10'3'' | |
| Bedroom | 12'7'' x 11'2'' |
| Features | |||||
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| None | |||||
