9 Simcoe St
Lindsay, Kawartha Lakes, K9V 2G2
FOR SALE
$999,900
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5
BEDROOMS5
BATHROOMS5
KITCHENS19
ROOMSX9378956
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Property Description
Turnkey 5 PLEX apartment building in the up and coming Town of Lindsay! This beautiful and money making property is a legal non-confirming 5-plex nicely situated on a 62 x 173' lot located in South Lindsay. Tenants love the location because it is walking distance to downtown and all the amenities one could desire! Nestled into a mature residential neighbourhood filled with stunning homes and unique architecture. The property boasts 3 one bedroom apartments, 1 two bedroom Apartment and 1 bachelor apt. All units are fully rented with great tenants. With strong rents and low operating costs this property runs itself and makes you money! The full basement offers plenty of room for storage and potential to add future value to the building! The backyard is massive and could be an opportunity to expand the building and add more rental suites in the future! Newer high efficiency boiler (2019). If you're looking to add a turnkey property to your investment portfolio, this is it!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-08-16 | 2022-01-19 | 159 | $999,999 | $950,000 | Sold |
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Property Details
Street
Community
City
Property Type
Multiplex, Other
Lot Size
63' x 173'
Fronting
West
Taxes
$4,527 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Kawartha Lakes Market Statistics
Kawartha Lakes Price Trend
9 Simcoe St is a 5-bedroom 5-bathroom home listed for sale at $999,900, which is $428,267 (74.9%) higher than the average sold price of $571,633 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 5 bedroom home in Kawartha Lakes declined by $610,033 (51.6%) compared to the previous 30 day period (October 22 - November 20) and down $376,624 (39.7%) from the same time one year ago.Inventory Change
There were 5 5-bedroom homes listed in Kawartha Lakes over the last 30 days (November 21 - December 20), which is up 150.0% compared with the previous 30 day period (October 22 - November 20) and up 25.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Kawartha Lakes typically sold ($31,300) (5.5%) below asking price over the last 30 days (November 21 - December 20), which represents a $148,333 increase compared to the previous 30 day period (October 22 - November 20) and ($60,014) more 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 5-bedroom homes in Kawartha Lakes over the last 30 days (November 21 - December 20) stood at 60.0%, down from 150.0% over the previous 30 days (October 22 - November 20) and down from 175.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Kawartha Lakes stood at 78 days when successfully sold over the last 30 days (November 21 - December 20), compared to 97 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Signature Realty, Brokerage
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