3 Bedroom
3 Bathroom
Wall Unit
Radiant Heat
$689,900
INVESTMENT & INCOME OPPORTUNITY. A tenanted 2-unit residential income property: main detached 3-bdrm house (1700 sq ft) and legal detached 2-bdrm apartment (1000 sq ft). 10-min south of Parry Sound. Main house is o/c kitchen & dining area, with living-room, main floor bedroom and laundry/mud room. A covered 3-season sun-room leads out to open front deck. At ground level in the rear of main house there is a 1-bdrm suite with its own kitchen, bathroom and laundry room. The 2nd floor has the primary bedroom with cathedral ceiling, en-suite bathroom, and a small deck with a western exposure. Adjacent to primary bedroom is a smaller room, perfect for a child, office or large walk-in closet. The detached apartment unit is a modern 2-bdrm, 1000 sq ft living area, with o/c kitchen & living room, 10' ceilings and extensive built-in shelving. Bathroom with a walk-in glass shower. Outside there is small covered storage area and ample space for parking. The gas furnace (2018) & new water boiler (2023) supply radiant in-floor heating (glycol) and hot water (heat exchanger) to both buildings. Long-life shingles installed on both units (2019). New septic system & septic bed (2021). From this private setting you can access the Sequin Rail Trail directly or drive 2 minutes down the road to Oastler Lake Provincial Park. Georgian Bay is approx 20 minutes away. Total monthly income from both units is $4,800.00. Tenant leases expire November 30, 2025. No vacant possession. Landlord pays all utilities. 2023 annual expenses: Hydro $1,450.00; Gas heating & hot water $2,855.00; Property tax $1,382.97. No garbage and recycle pick up, however Brooks Rd Waste Transfer is a 2-min drive away (tenants handle this). Appliances included: 3 x stoves, 3 x range hoods, 2 x dishwashers, 1 x washer, 1 x dryer, 2 x stackable washer/dryers. Good property for immediate income and investment. Good for future multi-generational living arrangements. 24-hour notice for showings. (id:46274)
Property Details
MLS® Number
|
X8294852 |
Property Type
|
Single Family |
AmenitiesNearBy
|
Hospital |
EquipmentType
|
None |
Features
|
Wooded Area, Irregular Lot Size, Sloping, Flat Site, Dry, In-law Suite |
ParkingSpaceTotal
|
6 |
RentalEquipmentType
|
None |
Structure
|
Deck |
Building
BathroomTotal
|
3 |
BedroomsAboveGround
|
3 |
BedroomsTotal
|
3 |
Appliances
|
Water Softener, Water Heater - Tankless, Dishwasher, Dryer, Range, Stove, Washer |
BasementType
|
Crawl Space |
ConstructionStyleAttachment
|
Detached |
CoolingType
|
Wall Unit |
ExteriorFinish
|
Vinyl Siding, Wood |
FireProtection
|
Smoke Detectors |
FoundationType
|
Block, Slab |
HeatingFuel
|
Natural Gas |
HeatingType
|
Radiant Heat |
StoriesTotal
|
2 |
Type
|
House |
Land
AccessType
|
Year-round Access |
Acreage
|
No |
LandAmenities
|
Hospital |
SizeFrontage
|
125.66 M |
SizeIrregular
|
125.66 X 488.7 Acre ; 488'x191'x208'x83'x54'x337'x125' |
SizeTotalText
|
125.66 X 488.7 Acre ; 488'x191'x208'x83'x54'x337'x125'|1/2 - 1.99 Acres |
ZoningDescription
|
C3 |
Utilities
https://www.realtor.ca/real-estate/26831382/3-rankin-lake-road-seguin