2427 North Shore Road, Algonquin Highlands, ON

$489,500

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3

Beds

2

Baths

1,100

Square feet

1.80

Acres

About 2427 North Shore Road

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..

Features of 2427 North Shore Road

MLS® # X13474832
Price $489,500
Bedrooms 3
Bathrooms 2.00
Square Footage 1100-1500
Acres 1.80
Type Residential Freehold
Sub-Type Detached
Style 2-Storey
Status Active

Community Information

Address 2427 North Shore Road
Area Haliburton
Subdivision Stanhope
City Algonquin Highlands
Province ON
Postal Code K0M 1S0

Amenities

Parking Spaces 4
Garages None
Is Waterfront No
Pool None

Interior

Heating Baseboard
Cooling None
Fireplace No
Basement Apartment, Finished with Walk-Out, Separate Entrance

Exterior

Exterior Concrete Poured, Vinyl Siding

Listing Details

OfficeCentury 21 Granite Realty Group Inc.

Listing Map