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3 Rankin Lake Road Seguin, Ontario P2A 0B2

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
Amenities Near By Hospital
Features Wooded Area, Irregular Lot Size, Sloping, Flat Site, Dry, In-law Suite
Parking Space Total 6
Structure Deck

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Total 3
Appliances Water Softener, Water Heater - Tankless, Dishwasher, Dryer, Range, Stove, Two Washers, Two Stoves, Washer
Basement Type Crawl Space
Construction Style Attachment Detached
Cooling Type Wall Unit
Exterior Finish Vinyl Siding, Wood
Fire Protection Smoke Detectors
Foundation Type Block, Slab
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Type House

Land

Access Type Year-round Access
Acreage No
Land Amenities Hospital
Size Irregular 125.66 X 488.7 Acre ; 488'x191'x208'x83'x54'x337'x125'
Size Total Text 125.66 X 488.7 Acre ; 488'x191'x208'x83'x54'x337'x125'|1/2 - 1.99 Acres

Rooms

Level Type Dimensions
Second Level Primary Bedroom 3.96 m x 3.15 m
Second Level Bathroom 3.05 m x 1.8 m
Second Level Bedroom 2.18 m x 2.69 m
Main Level Kitchen 3.63 m x 2.44 m
Main Level Bedroom 2.57 m x 2.36 m
Main Level Bathroom 2.59 m x 1.55 m
Main Level Kitchen 5.33 m x 4.37 m
Main Level Living Room 4.39 m x 3.61 m
Main Level Bedroom 3.35 m x 3.63 m
Main Level Laundry Room 4.52 m x 2.01 m
Main Level Bathroom 1.47 m x 2.39 m
Main Level Mud Room 1.73 m x 2.69 m

Utilities

Cable Installed

https://www.realtor.ca/real-estate/26831382/3-rankin-lake-road-seguin

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