84 Durham Street W

Lindsay, ON

MLS® 40661861

For sale
$579,000

Bedrooms
7
Bathrooms
3
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.
Property Details
Parking Total
4
Property Type
Residential
Rental Equipment Type
Hot Water Heater
Internet
View Type
City
Community Features
Urban
Rectangular
Hospital
Park
Schools
Building
Architectural Style
2.5 Storey
Basement Type
Full
Finished
Bathrooms
3
Bedrooms
7
Building Type
Single Family Residence
Construction Materials
Brick
Heating
Forced Air
Natural Gas
Roof
Shingle
Sewer
Sewer (Municipal)
Water Source
Municipal
Building Amenities
Other
Land
Lot Depth
173.15 ft
Lot Front
33.22 ft
Lot Size Area
0.134
Acres
< 0.5 Acres
Zoning
R3 - Duplex
Landscape Features
Balcony
Walk Score
Rooms
Metric
Imperial
LevelTypeDimensions
Basement Storage Storage
3.12 m x 3.05 m
Basement Laundry Laundry
4.39 m x 3.10 m
Main Bathroom Bathroom
2.16 m x 1.52 m
Main Kitchen Kitchen
5.36 m x 3.10 m
Main Bedroom Bedroom
3.45 m x 3.20 m
Main Bedroom Bedroom
3.91 m x 3.58 m
Second Kitchen Kitchen
4.80 m x 3.61 m
Second Bedroom Bedroom
3.71 m x 3.12 m
Second Bathroom Bathroom
2.29 m x 1.70 m
Second Bedroom Bedroom
3.71 m x 3.20 m
Third Bedroom Bedroom
4.52 m x 2.69 m
Third Bedroom Bedroom
4.55 m x 2.67 m
Third Bathroom Bathroom
2.13 m x 1.73 m
Third Bedroom Bedroom
3.86 m x 3.15 m
Sotheby's International Realty Canada, Brokerage (Gravenhurst Unit 4)

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Listing ID: 154761647
Last Updated: 2024-11-14 20:17:39