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

Peter de Graaf

(705) 645-0772 call or text

peter@teammuskoka.com

Jennifer Stilson

(705) 641-9279 call or text

jennifer@teammuskoka.com

Andrew Keith

(705) 706-1698 call or text

andrew@teammuskoka.com

Victoria Rix

(705) 205-1082 call or text

victoria@teammuskoka.com

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