84 Durham St W
Lindsay, Kawartha Lakes, K9V 2P9
FOR SALE
$579,000
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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 (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 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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-02-01 | 2022-02-09 | 8 | $399,000 | $500,000 | Sold |
| 2011-02-09 | 2011-03-13 | 34 | $149,900 | $146,000 | Sold |
| 2006-07-21 | 2006-08-25 | 36 | $154,900 | $146,000 | Sold |
| 2022-02-01 | 2022-02-08 | 7 | $399,000 | $500,000 | Sold |
| 2021-03-16 | 2021-03-21 | 5 | $369,900 | $390,000 | Sold |
| 2021-03-16 | 2021-03-21 | 5 | $369,900 | $390,000 | 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
33' x 173'
Acreage
< .50
Fronting
North
Taxes
$2,250 (2023)
Basement
Full, Part Fin
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 |
|---|---|---|---|
| Laundry | Lower | 10.17' x 14.47' | W/O To Yard, Above Grade Window |
| Rec | Lower | 10.04' x 10.24' | Above Grade Window |
| Kitchen | Main | 10.17' x 17.62' | W/O To Deck, Window, Tile Floor |
| Prim Bdrm | Main | 11.71' x 12.80' | Window |
| 2nd Br | Main | 10.53' x 11.35' | Window, Closet |
| Kitchen | 2nd | 11.84' x 15.72' | Window, Tile Floor |
| 3rd Br | 2nd | 10.27' x 12.17' | Window, Closet |
| 4th Br | 2nd | 10.53' x 12.20' | Window |
| 5th Br | 3rd | 8.83' x 14.83' | Window, Vaulted Ceiling |
| Br | 3rd | 8.76' x 14.93' | Window, Vaulted Ceiling |
| Br | 3rd | 10.33' x 12.63' | Window, Vaulted Ceiling |
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Listing contracted with Sotheby's International Realty Canada
Similar Listings
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.
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