3 Rankin Lake Road , Seguin, ON P2A 0B2
Seguin, ON P2A 0B2
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 Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 167 |
| Listing Provided By | Coldwell Banker The Real Estate Centre Brokerage | Geoff Link |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,700 |
| Basement | Y |
| Units | 1 |
| Building(s) | 1 |
| Zoning | C3 |
| Acreage | 2.38 |
| Water Front | Yes |
| Property View | Yes |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Parry Sound |
| City | Seguin |
| Postal Code | P2A 0B2 |
| Area | Seguin |
| Subarea | Seguin |
| Community Name | Seguin |
| School District | Parry Sound High School |
| Elementary School | Humphrey Public School |
| Listing VS Median (in Seguin) | |
Price: $689,900 low | high Med: $974,900 SqFt: 1,700 low | high Med: 1,217 $ / SqFt: $406 low | high Med: $801 On Site: 167 low | high Med: 5.000000 | |
