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3 Rankin Lake Road Seguin, Ontario P2A 0B2

3 Bedroom 3 Bathroom 1700 sqft
Wall Unit Radiant Heat, Hot Water Radiator Heat Acreage

$689,900

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; Driveway snow removal $1600.00; 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:48279)

Property Details

MLS® Number 40579312
Property Type Single Family
Amenities Near By Airport, Beach, Golf Nearby, Hospital, Place Of Worship, Schools, Shopping
Community Features Quiet Area, School Bus
Equipment Type None
Features Crushed Stone Driveway, Country Residential, In-law Suite
Parking Space Total 6
Rental Equipment Type None
Structure Porch

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Total 3
Appliances Dishwasher, Dryer, Refrigerator, Stove, Water Softener, Washer, Hood Fan, Window Coverings
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Constructed Date 1990
Construction Style Attachment Detached
Cooling Type Wall Unit
Exterior Finish Vinyl Siding, See Remarks
Fire Protection Smoke Detectors, Security System
Fixture Ceiling Fans
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Radiant Heat, Hot Water Radiator Heat
Stories Total 2
Size Interior 1700 Sqft
Type House
Utility Water Drilled Well

Land

Access Type Water Access, Road Access, Highway Access
Acreage Yes
Land Amenities Airport, Beach, Golf Nearby, Hospital, Place Of Worship, Schools, Shopping
Sewer No Sewage System
Size Depth 489 Ft
Size Frontage 126 Ft
Size Irregular 2.38
Size Total 2.38 Ac|1/2 - 1.99 Acres
Size Total Text 2.38 Ac|1/2 - 1.99 Acres
Zoning Description C3

Rooms

Level Type Dimensions
Second Level Bonus Room 7'2'' x 8'10''
Second Level Full Bathroom 10'0'' x 5'11''
Second Level Primary Bedroom 13'0'' x 10'4''
Main Level Sunroom 10'0'' x 10'0''
Main Level Laundry Room 8'3'' x 7'5''
Main Level 3pc Bathroom 8'6'' x 5'1''
Main Level Bedroom 8'5'' x 7'9''
Main Level Kitchen 11'11'' x 8'0''
Main Level Mud Room 5'8'' x 8'10''
Main Level 4pc Bathroom 4'10'' x 7'10''
Main Level Laundry Room 14'10'' x 6'7''
Main Level Bedroom 11'0'' x 11'11''
Main Level Living Room 14'5'' x 11'10''
Main Level Kitchen/dining Room 17'6'' x 14'4''

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26821608/3-rankin-lake-road-seguin

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Geoff Link
Salesperson

(705) 828-5846
(705) 722-8147
www.geofflink.ca

Coldwell Banker The Real Estate Centre Brokerage
284 Dunlop Street West
Barrie, Ontario L4N 1B9

(705) 722-8191
(705) 722-8147
www.CBTheRealEstateCentre.com

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