Algonquin Highlands (Stanhope)

$515,000

2427 NORTH SHORE ROAD (X13474832)

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:39250)

Property Details

  • Overview
  • Details
  • Rooms
Property
Address: 2427 NORTH SHORE ROAD
City: Algonquin Highlands (Stanhope), Ontario, Canada
MLS® number: X13474832
Utilities
Central Air: Yes
Heat Source: ,,Electric,Propane
Heat Type: Baseboard heaters,Forced air,,
Sewer: Septic System
Details
Bedrooms: 5
Bathrooms: 2
Size: 1100 - 1500 sqft
Land
Garage: No
Rooms
Dining room2.93 m X 3.73 m
Kitchen2.48 m X 5.96 m
Living room3.65 m X 3.2 m
Primary Bedroom3.58 m X 3.95 m
Bedroom 23.58 m X 2.81 m
Bathroom2.83 m X 2.46 m
Other3.47 m X 1.24 m
Laundry room2.22 m X 2.25 m
Primary Bedroom4.89 m X 3.14 m
Bedroom 23.89 m X 3.12 m
Bedroom 32.72 m X 3.12 m
Bathroom2.27 m X 2.14 m
Kitchen3.78 m X 3.51 m
Dining room3.36 m X 3.28 m
Living room6.23 m X 3.14 m
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