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$ 599,900
Est. payment | /mo
7 Beds
4 Baths
$ 599,900
Est. payment | /mo
7 Beds
4 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Subdivision Lindsay
MLS® Listing ID X14089814
Bedrooms 7
Half Baths 1
Property Description
Centrally located legal non-conforming brick 4-plex with potential gross rental income of $5,032/month, situated on a massive 80 x 188 ft potential double lot with excellent future potential. This charming 1.5-storey property offers approximately 3,300 sq ft of living space, plenty of original character, a double detached garage, parking for up to six vehicles, and additional basement storage.The unit mix includes a main-floor 1-bed, 1-bath apartment ($1,075/month); a spacious 4-bed, 1.5-bath apartment spanning the main and second floors ($2,095/month + 30% utilities); a lower-level 1-bed with kitchen ($862/month); and a lower-level bachelor with kitchen ($700/month). The two lower-level units share a bathroom. The vacant double detached garage offers estimated rental income of $300/month. All tenants have access to free shared laundry in the basement, along with additional storage space.Updates include roof (2019), windows (2020), two furnaces (one updated 2019), and a 200-amp breaker panel. Set along mature tree-lined Melbourne Street, just steps from downtown Lindsay and Kent Street shopping, dining, and everyday amenities. An excellent income-producing property with a strong existing rent roll, substantial lot size, and future potential. (id:24570)
Location
State ON
Rooms
Kitchen 4.0
Extra Room 1 Second level 5.82 m X 8.15 m Primary Bedroom
Extra Room 2 Second level 4.6 m X 2.84 m Bedroom
Extra Room 3 Second level 4.71 m X 3.82 m Den
Extra Room 4 Second level 1.72 m X 1.56 m Bathroom
Extra Room 5 Basement 3.35 m X 3.9 m Bedroom
Extra Room 6 Basement 3.43 m X 2.84 m Bedroom
Interior
Heating Forced air
Cooling None
Flooring Hardwood, Vinyl
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage Yes
Private Pool No
Building
Story 1.5
Sewer Sanitary sewer
Others
Listed by RIGHT AT HOME REALTY