Kawartha Lakes K9V 2P9 Ontario
MLS: X12026213
Added 10 days ago | For Sale
Listed by: SOTHEBY`S INTERNATIONAL REALTY CANADA
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.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Living Room | Ceiling Fan(s), Window | 15 ft, 1 in x 10 ft |
| Kitchen | Window, Backsplash, W/O To Deck | 13 ft, 7 in x 10 ft, 2 in | |
| Bedroom 4 | Window, French Doors | 12 ft, 6 in x 11 ft, 2 in | |
| Second | Primary Bedroom | Window, Walk-In Closet(s) | 12 ft, 3 in x 10 ft, 1 in |
| Bedroom 5 | Window, Closet | 12 ft, 3 in x 10 ft, 4 in | |
| Kitchen | Window, W/O To Balcony, Backsplash | 11 ft, 10 in x 11 ft, 6 in | |
| Third | Living Room | Large Window, Vaulted Ceiling(s), Ceiling Fan(s) | 27 ft, 11 in x 20 ft, 2 in |
| Lower | Bedroom 2 | Broadloom, Above Grade Window | 14 ft, 5 in x 9 ft, 8 in |
| Bedroom 3 | Above Grade Window, Broadloom | 13 ft, 1 in x 10 ft, 2 in |
No property rooms available.
