2427 North Shore Road, Algonquin Highlands, ON K0M 1S0 (STANHOPE RD & NORTH SHORE RD.)

Price : $515,000.00 , MLS®# : X13474832

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.

Location Description

STANHOPE RD & NORTH SHORE RD.

Property Details
  • Community: Stanhope
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 5
  • Bath: 2
  • Garages: None
  • Annual Property Taxes : $ 1682
Building Features
  • Foundation Type: Poured Concrete
  • Counstruction Material : Concrete Poured-Vinyl Siding
  • Total Parking Space : 4
  • Parking Type : None
Building Features
  • Heating : BaseboardElectric
  • Sewer : Septic ,
  • Water System : Drilled Well
Land (Lot Features)
  • Frontage: 225 sq.ft
  • Land Depth: 343sq.ft

Listing Contracted With: Century 21 Granite Realty Group Inc.