82 Durham St W
Lindsay, Kawartha Lakes, K9V 2P9
FOR SALE
$549,000
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Property Description
Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay, with gross annual income of approx. $40,200 (5.69 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 - 2bedroom unit with kitchen and wonderful 3rd storey loft living space. Lower unit - 3 bedroom unit with kitchen & living space. 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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2010-11-18 | 2011-03-31 | 134 | $148,900 | - | Expired |
| 2022-02-01 | 2022-02-09 | 8 | $395,000 | $600,000 | Sold |
| 2011-04-18 | 2011-09-02 | 138 | $142,900 | $137,000 | Sold |
| 2022-02-01 | 2022-02-08 | 7 | $395,000 | $600,000 | Sold |
| 2021-03-16 | 2021-03-21 | 5 | $359,900 | $385,000 | Sold |
| 2021-03-16 | 2021-03-21 | 5 | $359,900 | $385,000 | Sold |
Extras
Includes appliances & misc. furniture - see schedule D for inclusions/exclusions. HWT rental ($40/month).
Property Features
Hospital, Park, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
36' x 174'
Acreage
< .50
Fronting
North
Taxes
$2,642 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| 2nd Br | Lower | 9.68' x 14.44' | Broadloom, Above Grade Window |
| 3rd Br | Lower | 10.20' x 13.09' | Above Grade Window, Broadloom |
| Living | Main | 9.97' x 15.09' | Ceiling Fan, Window |
| Kitchen | Main | 10.20' x 13.58' | Window, Backsplash, W/O To Deck |
| 4th Br | Main | 11.19' x 12.53' | Window, French Doors |
| Prim Bdrm | 2nd | 10.10' x 12.24' | Window, W/I Closet |
| 5th Br | 2nd | 10.37' x 12.24' | Window, Closet |
| Kitchen | 2nd | 11.48' x 11.84' | Window, W/O To Balcony, Backsplash |
| Living | 3rd | 20.18' x 27.89' | Large Window, Vaulted Ceiling, Ceiling Fan |
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Kawartha Lakes Market Statistics
Kawartha Lakes Price Trend
82 Durham St W is a 3-bedroom 2-bathroom home listed for sale at $549,000, which is $167,172 (23.3%) lower than the average sold price of $716,172 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 3 bedroom home in Kawartha Lakes increased by $59,776 (9.1%) compared to the previous 30 day period (September 15 - October 14) and up $32,735 (4.8%) from the same time one year ago.Inventory Change
There were 82 3-bedroom homes listed in Kawartha Lakes over the last 30 days (October 15 - November 13), which is down 43.8% compared with the previous 30 day period (September 15 - October 14) and up 1.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Kawartha Lakes typically sold ($23,481) (3.3%) below asking price over the last 30 days (October 15 - November 13), which represents a $1,083 decrease compared to the previous 30 day period (September 15 - October 14) and ($20,203) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Kawartha Lakes over the last 30 days (October 15 - November 13) stood at 74.4%, up from 47.3% over the previous 30 days (September 15 - October 14) and up from 39.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Kawartha Lakes stood at 43 days when successfully sold over the last 30 days (October 15 - November 13), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada
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