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$499,000
Available - For Sale
Listing ID: X12026221
Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay with a Gross annual income of approx. $47,340 (7.91 CAP RATE!). Both Properties Combined CAP RATE Of 7.08. 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 separate entrance in the basement. Room in basement to potentially expand. 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.
Price $499,000
Taxes: $2,944.19
Occupancy by: Tenant
Address: 84 Durham Stre West , Kawartha Lakes, K9V 2P9, Kawartha Lakes
Acreage: < .50
Directions/Cross Streets: Lindsay St South & Kent St W
Rooms: 11
Bedrooms: 7
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Full
Partially Fi
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Lower Laundry 14.46 10.17 W/O To Yard, Above Grade Window
Room 2: Lower Recreatio 10.23 10.04 Above Grade Window
Room 3: Main Kitchen 17.61 10.17 W/O To Deck, Window, Tile Floor
Room 4: Main Primary B 12.79 11.71 Window
Room 5: Main Bedroom 2 11.35 10.53 Window, Closet
Room 6: Second Kitchen 15.71 11.84 Window, Tile Floor
Room 7: Second Bedroom 3 12.17 10.27 Window, Closet
Room 8: Second Bedroom 4 12.20 10.53 Window
Room 9: Third Bedroom 5 14.83 8.82 Window, Vaulted Ceiling(s)
Room 10: Third Bedroom 14.92 8.76 Window, Vaulted Ceiling(s)
Room 11: Third Bedroom 12.63 10.33 Window, Vaulted Ceiling(s)
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Second
Washroom 3:  3 Third
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  3 Second
Washroom 8:  3 Third
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  3 Second
Washroom 13:  3 Third
Washroom 14:  0
Washroom 15:  0
Property Type: Semi-Detached
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Other Structures: Garden Shed
Approximatly Square Footage: 1500-2000
Property Features: Hospital
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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SOTHEBY`S INTERNATIONAL REALTY CANADA

84 Durham Stre West , Kawartha Lakes, K9V 2P9, Kawartha Lakes


 
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Type: Freehold - Semi-Detached
Area: Kawartha Lakes
Municipality: Kawartha Lakes
Neighbourhood: Lindsay
Style: 2 1/2 Storey
Lot Size: x 173.15(Feet)
Approximate Age:
Tax: $2,944.19
Maintenance Fee: $0
Beds: 7
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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