2427 North Shore Road, Algonquin Highlands, ON K0M 1S0

$499,000
: 5
BD
: 2
BA
: 1,100
SqFt

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List Price: $499,000
Price Change: ▼ $16,000 1784657273
MLS#: X13474832
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: 2-Storey
Bedrooms: 5
Bathrooms: 2
Living Area: 1100-1500
Province: ON
Municipality: Algonquin Highlands
Area: Haliburton
Neighborhood: Stanhope
Subdivision: Stanhope Rd & North Shore Rd.

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Property 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..

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Additional Information

Taxes: $1,682
Water: Drilled Well
Heat Type: Baseboard
Heat Source: Electric
Air Conditioning: None
Kitchens: 2
Exterior: Concrete Poured, Vinyl Siding
Garage Type: None
Pool: None
Parking Spaces: 4
Parking Type: Private Double