2427 North Shore Road
Stanhope, Algonquin Highlands, K0M 1S0
For Sale
5.25 BTC
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3 + 2
BEDROOMS 2
BATHROOMS 2
KITCHENS 15
ROOMS X13474832
MLSID Contact Us
Property Description
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..
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Property Features
Beach, Fenced Yard, Golf, Library, School Bus Route, Rec./Commun.Centre, Accessory Apartment, In-Law Suite, Propane Tank, Upgraded Insulation, Water Heater Owned, Private Double, None
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Property Details
Property Type
Detached
Lot Size
225' x 343'
Acreage
1.8 Feet
Taxes
$1,682 (2025)
Basement
Apartment, Finished with Walk-Out, Separate Entrance
Exterior
Deck, Patio, Year Round Living
Heat Type
Baseboard
Heat Source
Electric
Water
Well
Parking Spaces
4
Garage Type
None
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Listing contracted with Century 21 Granite Realty Group Inc.
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