220 Second St, Rainy River

220 Second St, Rainy River, ON P0W1L0 Photo 1

43 Photos

220 Second St, Rainy River, ON P0W1L0 Photo 2
220 Second St, Rainy River, ON P0W1L0 Photo 3
220 Second St, Rainy River, ON P0W1L0 Photo 4
220 Second St, Rainy River, ON P0W1L0 Photo 5
220 Second St, Rainy River, ON P0W1L0 Photo 6
220 Second St, Rainy River, ON P0W1L0 Photo 7
  • Living area: 1302 sqft
  • MLS®: tb240079
  • Type: Townhouse
  • Added: 104 days ago

Property Details

Great investment opportunity in the quaint town of Rainy River! Income potential with the possibility of affordable living awaits with this 2 unit duplex in a convenient location; quiet location within walking distance to all of the amenities of downtown Rainy River. Live in one and rent the other for extra income, or rent both for maximum ROI. The main-level unit features 1 bedroom with built-in storage cabinets, open-concept kitchen/living/dining area, freshly updated bathroom with on-demand hot water and in-suite laundry. Many fresh updates throughout every room! The second floor apartment touts separate entry with two bedrooms, one with stacked washer & dryer that your tenants will be sure to appreciate. Many additional updates throughout. Outside, you'll appreciate the newer vinyl siding with 1-1/2 inch foam insulation beneath installed over the entire exterior of the home. Sizeable yard space, covered porch area and ample parking with convenient storage shed for you or your renters to enjoy. Regardless of whether you are looking for an affordable accommodation for yourself or to enter the rental market, here is a great opportunity you won't want to miss! (id:1945)

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Property Information

  • Sewer: Municipal sewage system
  • Cooling: Air Conditioned
  • Heating: Forced air
  • Basement: Crawl space
  • Utilities: Natural Gas, Electricity, Telephone
  • Year Built: 1910
  • Directions: From Atwood Ave; South onto Second Street, the property is on your left at the first intersection.
  • Living Area: 1302
  • Photos Count: 43
  • Water Source: Municipal water
  • Parcel Number: 560560301
  • Structure Type: Duplex
  • Parking Features: Gravel
  • Tax Annual Amount: 1334.92
  • Building Features: Laundry Facility
  • Exterior Features: Vinyl
  • Community Features: Bus Route
  • Foundation Details: Wood
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Nearby Places

Name Type Address Distance
Harris Hill Resort - Lake of the Woods Rv park 5209 Fishery Road 26.4 km
220 Second St mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 220 Second St. The current price of the property is $75,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $60,720. This would result in a monthly mortgage payment of $355 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree 10
University / Above bachelor level 10
Certificate of Qualification 10
College 35
University degree at bachelor level or above 10

Neighbourhood Marital Status Stat

Married 175
Widowed 10
Divorced 20
Separated 10
Never married 65
Living common law 35
Married or living common law 210
Not married and not living common law 100

Neighbourhood Construction Date

1961 to 1980 60
1981 to 1990 25
1991 to 2000 10
1960 or before 55
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