3 RANKIN LAKE Road No longer available

Seguin, P2A 0B2

$689,900

Description

Listed by COLDWELL BANKER THE REAL ESTATE CENTRE.

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.

Location

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  • Address: 3 RANKIN LAKE Road
  • Neighborhood:
  • City: Seguin
  • State: Ontario
  • Postal Code: P2A 0B2

Property Details

  • Property ID: X8294852
  • Property Price: $689,900
  • Style: Detached, 1 1/2 Storey
  • Sq/Ft: 1500-2000
  • Rooms: 14+0
  • Bedrooms: 3+0
  • Bath: 3
  • Parking Spaces: 6
  • Year Built: 31-50
  • A/C: Wall Unit
  • Basement: Crawl Space
  • Den: N
  • Elevator: N
  • Exterior: Vinyl Siding, Wood
  • Heating: Radiant
  • Fireplace: N
  • Taxes: $1,382.97 (2023)
  • Acreage: .50-1.99 Acres
  • Lot: 488.70x125.66 (Acres) - 488'x191'x208'x83'x54'x337'x125'

Room details and dimensions

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Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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Recently Sold

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  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100

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