82-84 Durham St 2 Multifamily Properties Offered at $998,000 CAD in Kawartha Lakes, ON

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.