Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$689,900
Available - For Sale
Listing ID: X8294852
3 Rankin Lake Rd , Seguin, P2A 0B2, Ontario
| 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. |
| Price | $689,900 |
| Taxes: | $1382.97 |
| Assessment: | $256000 |
| Assessment Year: | 2024 |
| Address: | 3 Rankin Lake Rd , Seguin, P2A 0B2, Ontario |
| Lot Size: | 125.66 x 488.70 (Acres) |
| Acreage: | .50-1.99 |
| Directions/Cross Streets: | Oastler Park Drive |
| Rooms: | 14 |
| Rooms +: | 0 |
| Bedrooms: | 3 |
| Bedrooms +: | 0 |
| Kitchens: | 2 |
| Kitchens +: | 0 |
| Family Room: | N |
| Basement: | Crawl Space |
| Approximatly Age: | 31-50 |
| Property Type: | Detached |
| Style: | 1 1/2 Storey |
| Exterior: | Vinyl Siding, Wood |
| Garage Type: | None |
| (Parking/)Drive: | Front Yard |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Age: | 31-50 |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Hospital |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Radiant |
| Central Air Conditioning: | Wall Unit |
| Laundry Level: | Main |
| Elevator Lift: | N |
| Sewers: | None |
| Water: | Well |
| Water Supply Types: | Drilled Well |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
| Utilities-Gas: | Y |
| Utilities-Telephone: | Y |
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| COLDWELL BANKER THE REAL ESTATE CENTRE |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Parry Sound |
| Municipality: | Seguin |
| Style: | 1 1/2 Storey |
| Lot Size: | 125.66 x 488.70(Acres) |
| Approximate Age: | 31-50 |
| Tax: | $1,382.97 |
| Beds: | 3 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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