$499,000Asking Price
84 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 a Gross annual income of approx. $47,340 (7.91 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 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.
Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay with a Gross annual income of approx. $47,340 (7.91 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 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.
See MoreKey Info
- 2.5-Storey Semi-Detached
- 4-Car Driveway
- No Garage
- Lindsay St South & Kent St W
- 1500-2000 Approximate Sq Feet
- Full Basement
- 2 Kitchens
- Forced Air Gas Heating
- No A/C
Property
- Lot Size 33.22 x 173.15 Feet
- < .50 Acreage
- Brick Exterior
- Taxes were $2,944 in 2024
- Possession: Flexible
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X12026221
- SOTHEBY`S INTERNATIONAL REALTY CANADA
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Laundry | Lower | 14.47' x 10.17' | Walkout To Yard, Above Grade Window |
| 2 | Kitchen | Main | 17.62' x 10.17' | Walkout To Deck, Window, Tile Floor |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
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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% |
