March 25, 2024
- 10 min read
2427 North Shore Road Algonquin Highlands, Ontario K0M 1S0
$515,000
5 Bedroom
2 Bathroom
1,100 - 1,500 ft2
None
Baseboard Heaters, Forced Air
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:36109)
Property Details
| MLS® Number | X13474832 |
| Property Type | Single Family |
| Community Name | Stanhope |
| Amenities Near By | Beach, Golf Nearby |
| Community Features | School Bus, Community Centre |
| Equipment Type | Propane Tank |
| Features | Sloping, In-law Suite |
| Parking Space Total | 4 |
| Rental Equipment Type | Propane Tank |
| Structure | Deck, Patio(s), Shed |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Walk Out, Separate Entrance |
| Basement Type | N/a, N/a (finished), N/a |
| Construction Status | Insulation Upgraded |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Concrete, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Propane |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Drilled Well |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Beach, Golf Nearby |
| Sewer | Septic System |
| Size Depth | 343 Ft |
| Size Frontage | 225 Ft |
| Size Irregular | 225 X 343 Ft |
| Size Total Text | 225 X 343 Ft|1/2 - 1.99 Acres |
| Soil Type | Mixed Soil |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Dining Room | 2.93 m | 3.73 m | 2.93 m x 3.73 m |
| Lower Level | Kitchen | 2.48 m | 5.96 m | 2.48 m x 5.96 m |
| Lower Level | Living Room | 3.65 m | 3.2 m | 3.65 m x 3.2 m |
| Lower Level | Primary Bedroom | 3.58 m | 3.95 m | 3.58 m x 3.95 m |
| Lower Level | Bedroom 2 | 3.58 m | 2.81 m | 3.58 m x 2.81 m |
| Lower Level | Bathroom | 2.83 m | 2.46 m | 2.83 m x 2.46 m |
| Lower Level | Other | 3.47 m | 1.24 m | 3.47 m x 1.24 m |
| Main Level | Laundry Room | 2.22 m | 2.25 m | 2.22 m x 2.25 m |
| Main Level | Primary Bedroom | 4.89 m | 3.14 m | 4.89 m x 3.14 m |
| Main Level | Bedroom 2 | 3.89 m | 3.12 m | 3.89 m x 3.12 m |
| Main Level | Bedroom 3 | 2.72 m | 3.12 m | 2.72 m x 3.12 m |
| Main Level | Bathroom | 2.27 m | 2.14 m | 2.27 m x 2.14 m |
| Main Level | Kitchen | 3.78 m | 3.51 m | 3.78 m x 3.51 m |
| Main Level | Dining Room | 3.36 m | 3.28 m | 3.36 m x 3.28 m |
| Main Level | Living Room | 6.23 m | 3.14 m | 6.23 m x 3.14 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Wireless | Available |
| Telephone | Nearby |
INQUIRE ABOUT
2427 North Shore Road
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
The Lakelands Association of REALTORS®
Century 21 Granite Realty Group Inc.
June 22 2026 10:10:05
