3 Rankin Lake Road Seguin, Ontario P2A 0B2
$689,900
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; 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:58043)
Property Details
| MLS® Number | X8294852 |
| Property Type | Single Family |
| AmenitiesNearBy | Hospital |
| EquipmentType | None |
| Features | Wooded Area, Irregular Lot Size, Sloping, Flat Site, Dry, In-law Suite |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | None |
| Structure | Deck |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 3 |
| BedroomsTotal | 3 |
| Appliances | Water Softener, Water Heater - Tankless, Dishwasher, Dryer, Range, Stove, Washer |
| BasementType | Crawl Space |
| ConstructionStyleAttachment | Detached |
| CoolingType | Wall Unit |
| ExteriorFinish | Vinyl Siding, Wood |
| FireProtection | Smoke Detectors |
| FoundationType | Block, Slab |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| Type | House |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandAmenities | Hospital |
| SizeFrontage | 125.66 M |
| SizeIrregular | 125.66 X 488.7 Acre ; 488'x191'x208'x83'x54'x337'x125' |
| SizeTotalText | 125.66 X 488.7 Acre ; 488'x191'x208'x83'x54'x337'x125'|1/2 - 1.99 Acres |
| ZoningDescription | C3 |
Utilities
| Cable | Installed |
https://www.realtor.ca/real-estate/26831382/3-rankin-lake-road-seguin
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Geoff Link
Salesperson
284 Dunlop Street West, 100051
Barrie, Ontario L4N 1B9
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September 04 2024 03:58:15
Toronto Real Estate Board
Coldwell Banker The Real Estate Centre