82 Durham Street W

Lindsay, ON

MLS® 40661833

For sale
$519,000

Bedrooms
5
Bathrooms
2
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.
Property Details
Parking Total
4
Property Type
Residential
Rental Equipment Type
Hot Water Heater
Internet
Community Features
Urban
Rectangular
Hospital
Park
Schools
Building
Architectural Style
2.5 Storey
Basement Type
Full
Finished
Bathrooms
2
Bedrooms
5
Building Type
Single Family Residence
Construction Materials
Brick
Heating
Forced Air
Natural Gas
Roof
Shingle
Sewer
Sewer (Municipal)
Water Source
Municipal
Building Amenities
Ceiling Fan(s)
Land
Lot Depth
173.63 ft
Lot Front
36.24 ft
Lot Size Area
0.14
Acres
< 0.5 Acres
Zoning
R3 - Duplex
Walk Score
Rooms
Metric
Imperial
LevelTypeDimensions
Basement Bedroom Bedroom
3.99 m x 3.10 m
Basement Bedroom Bedroom
4.39 m x 2.95 m
Basement Bathroom Bathroom
2.31 m x 1.63 m
Main Kitchen Kitchen
4.14 m x 3.12 m
Main Kitchen Kitchen
3.51 m x 3.61 m
Main Living Room Living Room
4.60 m x 3.02 m
Main Bedroom Bedroom
3.84 m x 3.40 m
Second Bedroom Bedroom
3.73 m x 3.07 m
Second Bedroom Bedroom
3.73 m x 3.15 m
Second Bathroom Bathroom
2.97 m x 1.68 m
Third Living Room Living Room
8.51 m x 6.15 m
Sotheby's International Realty Canada, Brokerage (Gravenhurst Unit 4)

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Listing ID: 154759925
Last Updated: 2024-11-14 20:12:38