82-84 Durham St Multi-Family FOR SALE


Kawartha Lakes, ON
$998,000 CAD
416-833-2655
, Kawartha Lakes, ON for Sale
$998,000 CAD
Multi-Family - FOR SALE
1/40
null | 7.08% Cap Rate

82-84 Durham St
Kawartha Lakes, ON


OVERVIEW

Your opportunity to secure 2 Semi-Detached Homes near Downtown Lindsay & Fleming College. Sold together or individually. Combined 7.08 Cap Rate Approx. $87,540 Gross Annual Income. 82 Durham: (6.26 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. 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. 10 min walk to Fleming College, one of the oldest and best-ranked colleges for applied arts & technology in Canada, tons of demand for student housing with consistently fill ed rooms. Upper Unit - 2 bedroom unit with kitchen, bath & wonderful 3rd storey loft living Lower Unit - 3 bedroom unit with kitchen, bath & living space Upgrades: new sensors for furnaces to improve heating efficiency & costs, most apartments have been repainted, 2 new windows, porch recently painted. 84 Durham: (7.91 Cap Rate) 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. 7 sizable bedrooms all with windows, 2 kitchens and shared laundry in the basement. Huge 33 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. 10 min walk to Fleming College, one of the oldest and best-ranked colleges for applied arts & technology in Canada, tons of demand for student housing with consistently filled rooms. Upper Unit - 5 bedroom unit with kitchen & 2 baths. Lower Unit - 2 bedroom unit with kitchen & bath. Additional income - 2 sets of coin-operated washers and dryers with separate entrance in basement, room in basement to potentially expand. Upgrades: 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.

ASK ABOUT THIS PROPERTY

Dave DubbinSotheby's International Realty CanadaMore Info
416-833-2655

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Dave DubbinSotheby's International Realty CanadaMore Info
416-833-2655

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.