3 Rankin Lake Road, Seguin
3 Rankin Lake Road, Seguin
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25 Photos
- Bedrooms: 3
- Bathrooms: 3
- Living area: 1700 sqft
- MLS®: x8294852
- Type: Residential
- Added: 20 days ago
Property Details
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. (id:1945)
Property Information
- Cooling: Wall unit
- Heating: Radiant heat, Natural gas
- List AOR: Toronto
- Stories: 1.5
- Tax Year: 2024
- Basement: Crawl space
- Utilities: Cable
- Appliances: Washer, Water softener, Dishwasher, Stove, Range, Dryer, Two stoves, Two Washers, Water Heater - Tankless
- Lot Features: Wooded area, Irregular lot size, Sloping, Flat site, Dry, In-Law Suite
- Photos Count: 25
- Parking Total: 6
- Bedrooms Total: 3
- Structure Type: House
- Common Interest: Freehold
- Tax Annual Amount: 1382.97
- Exterior Features: Wood, Vinyl siding
- Security Features: Smoke Detectors
- Foundation Details: Block, Slab
- Lot Size Dimensions: 125.66 x 488.7 Acre ; 488'x191'x208'x83'x54'x337'x125'
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