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3 Rankin Lake Road Seguin, Ontario P2A 0B2

3 Bedroom 3 Bathroom
Wall Unit Radiant Heat

$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:31697)

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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