84 DURHAM Street W Lindsay (Town), Lindsay, Ontario, CA

Address: 84 DURHAM Street W, Lindsay, Ontario

7 Beds3 Baths2431 sqftStatus: Buy
Price $579,000

Property Overview


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:51532)

 

Tags




Property Summary
Property Type
Single Family
Building Type
House
Storeys
2.5
Square Footage
2431 sqft
Subdivision Name
Lindsay (Town)
Title
Freehold
Land Size
0.134 ac|under 1/2 acre
Building
Bedrooms
Above Grade
7
Bathrooms
Total
7
Interior Features
Basement Type
Full (Finished)
Building Features
Foundation Type
Unknown
Style
Semi-detached
Square Footage
2431 sqft
Rental Equipment
Water Heater
Structures
Porch
Heating & Cooling
Cooling
None
Heating Type
Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Total Parking Spaces
4
Land
Other Property Information
Zoning Description
R3 - Duplex
Level Rooms Dimensions
Second level Bedroom 12'2'' x 10'3''
Bedroom 12'2'' x 10'6''
3pc Bathroom 7'6'' x 5'7''
Kitchen 15'9'' x 11'10''
Third level 3pc Bathroom 7'0'' x 5'8''
Bedroom 12'8'' x 10'4''
Bedroom 14'11'' x 8'9''
Bedroom 14'10'' x 8'10''
Basement Storage 10'3'' x 10'0''
Laundry room 14'5'' x 10'2''
Main level 4pc Bathroom 7'1'' x 5'0''
Bedroom 11'4'' x 10'6''
Bedroom 12'10'' x 11'9''
Kitchen 17'7'' x 10'2''

Features
           None
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Your Home Finance Calculation

Property Price CA $579,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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