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 6.75! 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. (id:47421)
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Detailed Information
Bedrooms
3+2
Bathrooms
2
Lot
36.17 x 173.58 ft
Amenities Nearby
Hospital, Park, Schools
Listing Contract Date
2025-03-17
Location Description
Lindsay St South & Kent St W
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Structures
Shed
Transaction Type
For sale
Building
Basement Development
Finished
Basement Type
Full (Finished)
Construction Style (Attachment)
Semi-detached
Exterior Finish
Brick
Flooring Type
Carpeted
Foundation Type
Unknown
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Primary Bedroom
Second level
3.73 m x 3.08 m
Bedroom 5
Second level
3.73 m x 3.16 m
Kitchen
Second level
3.61 m x 3.5 m
Living room
Third level
8.5 m x 6.15 m
Bedroom 2
Lower level
4.4 m x 2.95 m
Bedroom 3
Lower level
3.99 m x 3.11 m
Living room
Main level
4.6 m x 3.04 m
Kitchen
Main level
4.14 m x 3.11 m
Bedroom 4
Main level
3.82 m x 3.41 m
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
36.2 x 173.6 FT | under 1/2 acre
Amenities
Hospital, Park, Schools
Sewer
Sanitary sewer
Size of Irregular Land
36.2 x 173.6 FT
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