87 Durham Street W

Introducing an exceptional investment opportunity with a house for sale in Kawartha Lakes , located at 87 Durham Street W, Kawartha Lakes. This impressive detached 2-storey brick home boasts an extensive history of reliable income generation, making it an ideal choice for investors or those seeking a spacious family residence. With its prime location just minutes from Fleming College, this property has been fully rented by the room for the past 15 years, demonstrating its strong rental appeal.

The house for sale in Kawartha Lakes features an impressive total of 15 rooms, including eight generously sized bedrooms, providing ample space for comfortable living. The layout is thoughtfully divided into two self-contained sections, each equipped with its own kitchen and private entrance, ensuring both privacy and convenience for occupants. The front section of the house comprises five bedrooms and two bathrooms, while the rear addition offers three bedrooms and one bathroom. This versatile arrangement is not only perfect for student housing but also holds potential for a spacious in-law or granny suite, catering to a variety of living arrangements.

Situated on a 35 x 100 feet lot, this property features a private driveway with parking space for two vehicles, ensuring easy access for residents and guests alike. The house for sale in Kawartha Lakes is equipped with municipal water and sewer services, further enhancing its appeal. While the home does not include air conditioning or a central vacuum system, the natural gas heating ensures a warm and inviting atmosphere throughout the colder months.

Despite being unfurnished, the house presents a blank canvas for potential buyers to personalise and make their own. The unfinished basement offers additional space that can be transformed to suit individual needs, whether for storage or further development. It is important to note that there is no pool or fireplace on the property, but the family room provides a welcoming space for relaxation and socialising.

The location of 87 Durham Street W, Kawartha Lakes, is particularly advantageous, as it is just a two-minute drive or a leisurely 15-minute walk from Fleming College. This proximity to the college has contributed significantly to the property’s success as a rental investment, attracting students year after year. The strong rental history and solid cash flow potential make this house for sale in Kawartha Lakes a truly turnkey investment opportunity.

As the property has been maintained for over 100 years, it carries a sense of character and history that can be appreciated by both investors and families alike. The surrounding community of Lindsay offers a vibrant atmosphere, with a variety of amenities and services nearby, making it an attractive place to live and study.

In summary, the house for sale in Kawartha Lakes at 87 Durham Street W, Kawartha Lakes, is a remarkable investment opportunity that should not be overlooked. With its spacious layout, strategic location near Fleming College, and proven track record of rental success, this property is poised to deliver both immediate and long-term benefits. Don’t miss your chance to secure this versatile and well-positioned home; act now to plan for your future!

Lindsay, nestled within the picturesque city of Kawartha Lakes, is a charming town that beautifully blends rural serenity with vibrant local culture. Surrounded by lush landscapes and sparkling waterways, it offers a tranquil setting for those seeking a slower pace of life while still enjoying the conveniences of modern living. The town is characterised by its historic architecture, quaint shops, and friendly atmosphere, making it an inviting place for newcomers. With a variety of recreational activities, including boating, fishing, and hiking in nearby parks, Lindsay provides ample opportunities to connect with nature. Its close-knit geographic community fosters a sense of belonging, making it an ideal spot for anyone looking to settle in a peaceful yet engaging environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find a mix of public and Catholic schools catering to various educational needs. St. Mary Catholic Elementary School and St. Dominic Catholic Elementary School, both offering grades from JK to 8, are just 1.1 km and 1.4 km away, respectively. For older students, Lindsay Collegiate and Vocational Institute and St. Thomas Aquinas Catholic Secondary School provide education for grades 9 to 12, located only 0.8 km and 1.5 km from the property. Additionally, Central Senior School, which offers French-language instruction for grades JK to 8, is a mere 0.7 km away. I E Weldon Secondary School, also offering French-language instruction for grades 9 to 12, is slightly further at 2.5 km. All schools are part of reputable boards, ensuring a quality education. The diverse options in language of study, including English and French, cater to various preferences, making this location a great choice for families seeking a supportive educational environment.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 621 residents as of 2021. The average household consists of 2.2 individuals, with a notable average age of 36.8 years. The community has a median household income of $55,600, but it faces economic challenges, as 40% of the population is classified as low-income. The real estate market reflects this dynamic, with an average property price of $370,000. A significant portion of the population, 64.89%, is single, while 26.67% of households include children, indicating a mix of family structures. The area has a high percentage of renters, at 67.8%, and there are no condominiums available, suggesting a predominantly rental market. Educational attainment is relatively high, with 40.37% of residents holding college or university degrees. However, a substantial 52.29% of the population is not in the labor force, which may impact local economic activity. Additionally, immigrants make up 5.76% of the community, contributing to its diversity. Overall, this area presents a blend of demographic characteristics that could appeal to various potential buyers or investors.