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Lindsay,ON K9V 2P9
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,813 sqft
Price per Sqft $319
MLS Listing ID 40661861
Style 2.5 Storey
Bedrooms 7
Full Baths 3
Abv Grd Liv Area 2,431
Originating Board The Lakelands
Annual Tax Amount $2,250
Lot Size 5,837 Sqft
Acres 0.134
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 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.
Location
State ON
County Kawartha Lakes
Area Kawartha Lakes
Zoning R3 - Duplex
Direction North on Lindsay St S, West on Durham St W.
Rooms
Basement Full,Finished
Kitchen 2
Interior
Interior Features Other
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Laundry In Basement,Shared
Exterior
Exterior Feature Balcony
Waterfront No
View Y/N true
View City
Roof Type Shingle
Porch Deck,Porch
Lot Frontage 33.22
Lot Depth 173.15
Garage No
Building
Lot Description Urban,Rectangular,Hospital,Park,Schools
Faces North on Lindsay St S, West on Durham St W.
Foundation Unknown
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 2.5 Storey
Structure Type Brick
New Construction No
Others
Senior Community false
Tax ID 632270179
Ownership Freehold/None