2427 NORTH SHORE ROAD
Algonquin Highlands, Ontario K0M1S0
$515,000
Address
Street Address
2427 NORTH SHORE ROAD
City
Algonquin Highlands
Province
Ontario
Postal Code
K0M1S0
Country
Canada
Days on Market
4 days
Property Features
Bathroom Total
2
Bedrooms Above Ground
3
Bedrooms Total
5
Property Description
TURNKEY DUPLEX-Cash-Flowing from Day One! This Legal Duplex is Fully renovated with Reliable tenants providing Immediate income. This is the kind of asset investors wait for: a completely updated, income-producing property with nothing left to do but collect rent. The numbers speak for themselves: Monthly Income-$4,200 ( tenants pay all utilities) Est. Mortgage payment - $2,300/mth @ Current variable rate on $450 K means a Net position- Positive cash flow from closing. Here's what's been done ( So you don't have to)... Every major system and finish has been upgraded in the past 2 years: Exterior-New Siding, newer windows, upgraded insulation, interior-new flooring, brand-new- kitchens with appliances, renovated bathrooms and in suite laundry on each floor. THE BONUS: There's Ample parking for both units. THE UNITS: Lower ( 2 Bed) Open -concept kitchen, dining, living area. Two large bedrooms with generous closet space. Covered patio with side-yard access. Upper (3Bed) Open-concept layout. Three large bedrooms, south facing deck, private entry with backyard access. Why this property: Proven tenants-long standing occupants with perfect payment history and Zero deferred maintenance. This is a fabulous investment in a market where multi-family inventory is tight. At this price point and cash-flow profile, hesitation is your only risk. (id:58834)
Property Details
Location Description
Cross Streets: STANHOPE RD & NORTH SHORE RD. ** Directions: TAKE HWY 118 TO STANHOPE RD, TURN LEFT ON FIRST STREET ( NORTH SHORE). SIGN ON PROPERTY.
Price
515000.00
ID
X13474832
Equipment Type
Propane Tank
Structure
Deck, Patio(s), Shed
Features
Sloping, In-Law Suite
Rental Equipment Type
Propane Tank
Transaction Type
For sale
Listing ID
29936939
Ownership Type
Freehold
Property Type
Single Family
Building
Bathroom Total
2
Bedrooms Above Ground
3
Bedrooms Total
5
Basement Type
N/A, N/A (Finished), N/A
Cooling Type
None
Exterior Finish
Concrete, Vinyl siding
Heating Fuel
Electric, Propane
Heating Type
Baseboard heaters, Forced air
Size Interior
1100 - 1500 sqft
Type
House
Utility Water
Drilled Well
Room
| Type | Level | Dimension |
|---|---|---|
| Dining room | Lower level | 2.93 m x 3.73 m |
| Kitchen | Lower level | 2.48 m x 5.96 m |
| Living room | Lower level | 3.65 m x 3.2 m |
| Primary Bedroom | Lower level | 3.58 m x 3.95 m |
| Bedroom 2 | Lower level | 3.58 m x 2.81 m |
| Bathroom | Lower level | 2.83 m x 2.46 m |
| Other | Lower level | 3.47 m x 1.24 m |
| Laundry room | Main level | 2.22 m x 2.25 m |
| Primary Bedroom | Main level | 4.89 m x 3.14 m |
| Bedroom 2 | Main level | 3.89 m x 3.12 m |
| Bedroom 3 | Main level | 2.72 m x 3.12 m |
| Bathroom | Main level | 2.27 m x 2.14 m |
| Kitchen | Main level | 3.78 m x 3.51 m |
| Dining room | Main level | 3.36 m x 3.28 m |
| Living room | Main level | 6.23 m x 3.14 m |
Land
Size Total Text
225 x 343 FT|1/2 - 1.99 acres
Acreage
false
Sewer
Septic System
SizeIrregular
225 x 343 FT
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