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:12178)
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 |
Length |
Width |
Dimensions |
Second Level |
Primary Bedroom |
3.96 m |
3.15 m |
3.96 m x 3.15 m |
Second Level |
Bathroom |
3.05 m |
1.8 m |
3.05 m x 1.8 m |
Second Level |
Bedroom |
2.18 m |
2.69 m |
2.18 m x 2.69 m |
Main Level |
Kitchen |
3.63 m |
2.44 m |
3.63 m x 2.44 m |
Main Level |
Bedroom |
2.57 m |
2.36 m |
2.57 m x 2.36 m |
Main Level |
Bathroom |
2.59 m |
1.55 m |
2.59 m x 1.55 m |
Main Level |
Kitchen |
5.33 m |
4.37 m |
5.33 m x 4.37 m |
Main Level |
Living Room |
4.39 m |
3.61 m |
4.39 m x 3.61 m |
Main Level |
Bedroom |
3.35 m |
3.63 m |
3.35 m x 3.63 m |
Main Level |
Laundry Room |
4.52 m |
2.01 m |
4.52 m x 2.01 m |
Main Level |
Bathroom |
1.47 m |
2.39 m |
1.47 m x 2.39 m |
Main Level |
Mud Room |
1.73 m |
2.69 m |
1.73 m x 2.69 m |
Utilities
https://www.realtor.ca/real-estate/26831382/3-rankin-lake-road-seguin