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    For Sale - 2427 North Shore Road, Algonquin Highlands, Ontario

    Est payment $2,473/mo
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    Time on Jump  1 days

    AI Summary *

    • Fully renovated legal duplex with reliable tenants generating immediate income.
    • Monthly rent income of $4,200, covering all utilities.
    • Upgraded major systems and finishes, ensuring no maintenance needed.
    • Ample parking available for both units, enhancing convenience.
    • Each unit features open-concept layouts and private outdoor access.




    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 IDX13474832
    Address2427 North Shore Road
    CityAlgonquin Highlands, Ontario
    Price$515,000
    Bed / Bath5 / 2 Full
    Style2-Storey, Detached
    ConstructionConcrete Poured, Vinyl Siding
    Land Size1.8
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Accessory Apartment, In-Law Suite, Propane Tank, Upgraded Insulation, Water Heater OwnedOutdoor Features Deck, Patio, Year Round LivingAmenities Beach, Fenced Yard, Golf, Library, School Bus Route, Rec./Commun.CentreOwnership FreeholdViews Trees/WoodsBasement Apartment, Finished with Walk-Out, Separate EntranceFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Septic

    Parking 4.00
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    Listing Agency:  Century 21 Granite Realty Group Inc.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    2427 North Shore Road
    Algonquin Highlands , Ontario
    5 2 $515,000
    Get more info