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$689,900
Status: For Sale
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; Driveway snow removal $1600.00; 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.
Property Type | :Residential |
MLS Number | :40579312 |
Listing Type | :Sale |
Property Age | :31-50 Years years |
Possession Date | : |
Last Updated | :12 May, 2024 (130 Days ago) |
Source | :Barrie |
Area | :Parry Sound |
City | :Seguin |
Area Major | :Seguin |
Area Minor | :Seguin |
Postal Code | : P2A 0B2 |
Directions | :Hwy 400 to Exit 217 (10 minutes south of Parry Sound); left (west) on Oastler Park Dr for 1 km; left on Rankin Lk Rd. |
Price | : $689,900 |
Property Taxes | :$1382.97 |
Tax Year | :2023 |
Bedrooms | :3 + |
No. of Rooms | :14 |
Air Conditioning | :Wall Unit(s) |
Heating | :Natural Gas |
Place of Worship | :No |
Cross Street | :Oastler Park Drive |
Bathrooms | :3 |
Approx Square Footage | :1700 sqft |
Parking Space | :6 |
Basement | :Crawl Space |
Garage | :0 |
12 May, 2024
TREB #40579312
Listed
$689900