$499,000Asking Price
82 Durham Street, Kawartha Lakes, ON K9V 2P9
Lindsay, Kawartha Lakes
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.
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.
See MoreKey Info
- 2.5-Storey Semi-Detached
- 4-Car Driveway
- No Garage
- Lindsay St South & Kent St W
- 1500-2000 Approximate Sq Feet
- Basement: Full, Finished
- 2 Kitchens
- Forced Air Gas Heating
- No A/C
Property
- Lot Size 36.24 x 173.63 Feet
- < .50 Acreage
- Brick Exterior
- Taxes were $2,764 in 2024
- Possession: Flexible
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X12026213
- SOTHEBY`S INTERNATIONAL REALTY CANADA
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 13.58' x 10.20' | Window, Backsplash, Walkout To Deck |
 | 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
How Far is Too Far?
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Who lives here?
Lindsay, Kawartha Lakes is an east GTA neighbourhood notable for its singles, renters, university grads, education, law & public sector professionals and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of kids aged 5 to 9, youth aged 20 to 24 and adults aged 25 to 49.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
45%
of residents are
single and loving it.
45% singles
Kawartha Lakes (38%)Renters
32%
of residents
are renters.
32% renters
Kawartha Lakes (17%)Education
16%
of residents are
university grads.
16% university grads
Kawartha Lakes (14%)Income
Average Household Income
$86K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 14% |
| Trades | 10% |
| Government | 9% |
| Business | 7% |
| Health | 5% |
Immigrants
7%
of residents were
born outside of Canada.
7% immigrants
Kawartha Lakes (7%)Birthplace - All
2.2% from UK
All-time
Birthplace - Recent
0.1% from Syria
Recent
Foreign Languages
Foreign Languages
| French | 1% |
| German | 1% |
| Dutch | 1% |
Religions
Religions
| Christian | 67% |
