82 Durham Street

Kawartha Lakes, Lindsay

Descripción

Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay, with gross annual income of approx. $40,200 (6.26 CAP RATE). Both properties combined CAP RATE of 7.08 ! 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. 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.

This semi-detached home located at 82 Durham Street, Kawartha Lakes, ON K9V 2P9 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$499K. It has 5 beds, 2 bathrooms, and is 1500-2000 square feet. The property is N/A years old. 82 Durham Street, Kawartha Lakes, ON K9V 2P9 is in Kawartha Lakes neighborhood Lindsay.