1 / 30

Investment signal

$419,900

87 DURHAM STREET W

Save this home

Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kawartha Lakes (Lindsay). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Investment Opportunity Near Fleming College! Just minutes from campus in Lindsay - only a 2-minute drive or under a 15-minute walk - this 8-bedroom home has proven to be a reliable income generator. Fully rented, by the room, every school year for the past 15 years. Full this year too! The home is divided into two self-contained sections, each with its own kitchen and private entrance. The front 2-storey layout offers 5 bedrooms and 2 bathrooms, while the rear addition provides 3 bedrooms and 1 bathroom. This versatile setup is ideal for student housing, or even has potential for a spacious in-law/granny suite arrangement. Natural gas heating. Private driveway with parking for 2 vehicles. Turnkey investment opportunity with a strong rental history & solid cash flow potential. Plan for your future, act now! (id:65958)

Subtype: Single Family
Structure: House
Community: Lindsay
Common interest: Freehold
Lot dimensions: 35 x 99.7 FT
Bedrooms: 8 above grade
Parking: 2 total
Stories: 2
On market: Feb 20, 2026
Status changed: Apr 21, 2026
Annual tax: $2,976
Photos: 30
MLS#: X12804674
Area: KAWARTHA_LAKES_(LINDSAY)

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Appliances

RefrigeratorStoveMicrowave

Heating

Forced airNatural gas

Cooling

None

Exterior

Brick

Foundation

Stone

Community

Community Centre

Utilities

SewerElectricityCable

Positive cash flow ~$636/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

9.08%

Cap rate

6.68%

GRM

10.6

Break-even rent

$2,631

Financing

Down payment$83,980

Loan amount$335,920

Mortgage$1,702/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$192

Insurance$80

Maintenance$350

CapEx reserve$175

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,702/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.