Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay with a Gross annual income of approx. $47,340 (7.19 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 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. (id:47421)
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Detailed Information
Bedrooms
7
Bathrooms
3
Lot
33.17 x 173.17 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
Appliances
Furniture
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Construction Style (Attachment)
Semi-detached
Exterior Finish
Brick
Flooring Type
Tile
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
Kitchen
Second level
4.79 m x 3.61 m
Bedroom 3
Second level
3.71 m x 3.13 m
Bedroom 4
Second level
3.72 m x 3.21 m
Bedroom
Third level
3.85 m x 3.15 m
Bedroom 5
Third level
4.52 m x 2.69 m
Bedroom
Third level
4.55 m x 2.67 m
Laundry room
Lower level
4.41 m x 3.1 m
Recreational, Games room
Lower level
3.12 m x 3.06 m
Kitchen
Main level
5.37 m x 3.1 m
Primary Bedroom
Main level
3.9 m x 3.57 m
Bedroom 2
Main level
3.46 m x 3.21 m
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
33.2 x 173.2 FT | under 1/2 acre
Amenities
Hospital, Park, Schools
Sewer
Sanitary sewer
Size of Irregular Land
33.2 x 173.2 FT
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