3 RANKIN LAKE

Home Details

Description

New Price. INVESTMENT INCOME and/or MULTI-GEN LIVING OPPORTUNITY. Private lot. A tenanted, 2-unit residential income property. Main home is detached, 3-bedroom. 2nd unit is detached, legal 2-bedroom apartment. Infrastructure and utilities for both units up-to-date – no large upfront expenditures necessary. Main house is open concept kitchen & dining area but ready to be upgraded / remodelled. Main also includes a self-contained 1-bedroom suite with its own kitchen, bathroom and laundry room. The 2nd unit is a legal, detached apartment, more recently built with 1000 sq. ft. living area. Utilities service both units: the gas furnace (2018) & new water boiler (2023), radiant in-floor heating (glycol) and hot water (heat exchanger). Long-life shingles installed on both units (2019). New septic system & septic bed (2021) service to both units. Located 10 minutes awayfrom town of Parry Sound. Access the Sequin Rail Trail from your backyard or drive 2 minutes down the road to Oastler Lake Provincial Park. Georgian Bay approx 20 minutes away. Ask your Realtor for income/expenses. (id:39198)

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Additional media

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Property taxes

$1,382.97 per year / $115.25 per month

Basement

Unfinished, Crawl space

Year build

1990

Type

Single Family

Bedrooms

3

Bathrooms

3

Parking spots

6 Total

Floor

-

Balcony

-

Pool

-

External material

Vinyl siding | See Remarks

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Hot water radiator heat, Radiant heat, Natural gas

Fire place(s)

-