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2427 NORTH SHORE ROAD, Algonquin Highlands (Stanhope)

Property Overview - House For sale

Price$ 489 500
MLS® #X13474832TypeHouse
Bedrooms5 BedBathrooms2 Bath
Postal CodeK0M1S0

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..

Land Details

Size Frontage225
Size Depth343 ft
Lot size225 x 343 FT
Ownership TypeFreehold

Building Details

TypeHouse
Property TypeSingle Family
Bathrooms Total2
Bedrooms Above Ground3
Bedrooms Below Ground2
Bedrooms Total5
Cooling TypeNone
Exterior FinishConcrete, Vinyl siding
Foundation TypePoured Concrete
Heating FuelElectric, Propane
Heating TypeBaseboard heaters, Forced air
Utility WaterDrilled Well

Rooms

Main levelLiving room6.23 m x 3.14 m


This listing of a Single Family property For sale is courtesy of CHRISTINE SHARP from Century 21 Granite Realty Group Inc.