3 RANKIN LAKE Road, Seguin, Ontario P2A 0B2
$689,900.00
- 3 bedrooms
- 3 bathrooms
- 1,700 Square Feet
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 ... read more
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. (id:25417)
- Listing ID: 40579312
- Property Type: Single Family
- Year Built: 1990
Property | |
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Ownership: | Freehold |
Land Size: | 2.38 Ac (1/2 - 1.99 Acres) |
Parking: | 6 Spaces |
Building | |
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Type: | Single Family House |
Appliances: | Dryer, Hood Fan, Refrigerator, Stove, Washer, Water Softener, Window Coverings and Dishwasher |
HVAC: | Fireplace, Hot Water Radiator Heat, Radiant Heat and Wall Unit Natural Gas |
Exterior: | Vinyl Siding and See Remarks |
Basement: | Crawl Space (Unfinished) |
Utilities: | Cable, Electricity, Natural Gas, Telephone and No Sewage System |
Location | |
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Township: | Seguin |
Province: | Ontario |
Nearby Amenities: | Airport, Beach, Golf Nearby, Hospital, Place Of Worship, Quiet Area, School Bus, Schools and Shopping |
Rooms | Level | Dimensions |
---|---|---|
Bonus Room | Second level | 7'2'' x 8'10'' |
Full bathroom | Second level | 10'0'' x 5'11'' |
Primary Bedroom | Second level | 13'0'' x 10'4'' |
Sunroom | Main level | 10'0'' x 10'0'' |
Laundry room | Main level | 8'3'' x 7'5'' |
3pc Bathroom | Main level | 8'6'' x 5'1'' |
Bedroom | Main level | 8'5'' x 7'9'' |
Kitchen | Main level | 11'11'' x 8'0'' |
Mud room | Main level | 5'8'' x 8'10'' |
4pc Bathroom | Main level | 4'10'' x 7'10'' |
Laundry room | Main level | 14'10'' x 6'7'' |
Bedroom | Main level | 11'0'' x 11'11'' |
Living room | Main level | 14'5'' x 11'10'' |
Kitchen/Dining room | Main level | 17'6'' x 14'4'' |
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