$689,900 $3,704 est/mo Sourced by Back At You

3 Rankin Lake Road,Seguin, ON P2A 0B2

Seguin ON, P2A 0B2

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Description

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.

Details

MLS#40579312
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1990
Days On Site27
Listing Provided ByColdwell Banker The Real Estate Centre Brokerage | Geoff Link

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet1,700
BasementY
Units1
Building(s)1
ZoningC3
Acreage2.38
Water FrontYes
Property ViewYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 minutes ago
ProvinceON
CountyParry Sound
CitySeguin
Postal CodeP2A 0B2
AreaSeguin
SubareaSeguin
Community NameSeguin
School DistrictParry Sound High School
Elementary SchoolHumphrey Public School
Listing VS Median (in Seguin)
Price:
$689,900
low | high
Med:
$1,199,000
23.793303377301% of Average
SqFt:
1,700
low | high
Med:
1,856
40.823529411765% of Average
$ / SqFt:
$406
low | high
Med:
$646
9.185676584812% of Average
On Site:
27
low | high
Med:
74
36.486486486486% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:19:46 PM PDT