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$499,000

Est. payment - /mo

7 Beds

3 Baths

Active

84 Durham ST W Kawartha Lakes, ON K9V 2P9

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Stephan Gauthier

stephan@gauthierhomes.com +1(613) 697-7771

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Key Details

Property Type Multi-Family

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Lindsay

MLS Listing ID X12026221

Style 2 1/2 Storey

Bedrooms 7

Annual Tax Amount $2,944

Tax Year 2024

Property Sub-Type Semi-Detached

Property Description

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.

Location

Province ON

County Kawartha Lakes

Community Lindsay

Area Kawartha Lakes

Rooms

Family Room No

Basement Full, Partially Finished

Kitchen 2

Interior

Interior Features None

Cooling None

Inclusions Includes appliances & misc. furniture - see schedule D for inclusions/exclusions.

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 33.22

Lot Depth 173.15

Total Parking Spaces 4

Building

Foundation Unknown

Others

Senior Community No

Virtual Tour https://youriguide.com/28hsh_84_durham_st_w_kawartha_lakes_on

Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA

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Stephan Gauthier

Team Lead / Broker

+1(613) 697-7771

84 Durham ST W Kawartha Lakes, ON K9V 2P9

Stephan Gauthier

Key Details

Location

Rooms

Interior

Exterior

Building

Others

84 Durham ST W

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