Algonquin Highlands (Stanhope)

2427 NORTH SHORE ROAD (X13474832)

$515,000

About the Property

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. (id:46976)

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Property

Address: 2427 NORTH SHORE ROAD

City: Algonquin Highlands (Stanhope), Ontario, Canada

Style: N/A

Exterior: N/A

MLS® number: X13474832

Utilities

Cooling: None

Heat source: ,,Electric,Propane

Heat type: Baseboard heaters,Forced air,,

Sewers: Septic System

Building

Bedrooms: 5

Bathrooms: 2

Size: 1100 - 1500 sqft

Garage: No

Built in: N/A

Land

Waterbody: N/A

Waterfront: No

Lot Size: N/A

View: N/A

Frontage: 225 ft

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Ashley Jeffery
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Cell: 705-349-8859
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