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$625,000
Status: For Sale
Your rare opportunity to purchase a side-by-side profitable investment property in Central Lindsay. 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 seperate entrance in the basement. Room in basement to potentially expand. Gross annual income is approx $47,340. 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.
| Property Type | :Residential |
|---|---|
| MLS Number | :40661861 |
| Listing Type | :Sale |
| Property Age | :100+ Years years |
| Possession Date | : |
| Last Updated | :12 Oct, 2024 (19 Days ago) |
| Source | :The Lakelands |
| Price | : $625,000 |
|---|---|
| Property Taxes | :$2250.42 |
| Tax Year | :2023 |
|---|
| Bedrooms | :7 + |
|---|---|
| No. of Rooms | :14 |
| Heating | :Forced Air |
| Place of Worship | :No |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :2431 sqft |
| Parking Space | :4 |
|---|---|
| Basement | :Full |
| Park | :Park |
|---|
11 Oct, 2024
TREB #40661861
Listed
$625000
