$ 515,000
-
$515,000
Price -
5
Bed -
2
Bath -
1,100
SqFt
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About the Listing 549602 -
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..
Listing Highlights
Status
Active
Days on Site
23
Property Type
Residential
MLS ®
X13474832
Year Built
Total Square Footage
1,100
Lot/Acreage
1.8
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Finished with Walk-Out,Separate Entrance
- Other: Accessory Apartment,In-Law Suite,Propane Tank,Upgraded Insulation,Water Heater Owned,2 Kitchens
- Water: Drilled Well
Exterior Details
- Garage Capacity: 2 car
- Roof: Shingles
- Others: Deck,Patio,Year Round Living,Beach,Fenced Yard,Golf,Library,School Bus Route,Rec./Commun.Centre
- Sewer: Septic
- Parking Features: Private Double,No Garage
Financial Details
- Tax Amount: $1,682
- Taxes w/Assessments: N/A
- Tax/Property ID: 391300131
- Tax Year: 2025
Payment Calculator
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Questions About..
2427 North Shore Rd Algonquin Highlands, ON K0M 1S0
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