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Property Description

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.

Features
: Radiant, Natural Gas, Gas Hot Water
: Wall Unit(s)
: Unfinished, Crawl Space
: Forest, Trees/woods, Pasture
: Patio, Porch, Deck
: 6
: Dishwasher, Dryer, Refrigerator, Washer, Stove, Range Hood, Instant Hot Water, Water Softener
: Year Round Living, Landscaped, Privacy, Balcony, Recreational Area
0
: Ceiling Fan(s), Air Exchanger, In-law Floorplan, Accessory Apartment
: In-suite
: Rural, Highway Access, Schools, Shopping Nearby, Near Golf Course, Beach, Place Of Worship, School Bus Route, Trails, Irregular Lot, City Lot, Hospital, Quiet Area, Campground, Airport
: Gravel
: Asphalt Shing
: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s), Smoke Detector(s), Security System
: Electricity Connected, Natural Gas Connected, Phone Connected, Cable Connected, Cell Service, Street Lights
: Lake Privileges
Address Map
ON
Parry Sound
Seguin
P2A 0B2
3 Rankin Lake Road
0
W80° 2′ 42.3”
N45° 18′ 24.9”
North,east
Hwy 400 to Exit 217 (10 minutes south of Parry Sound); left (west) on Oastler Park Dr for 1 km; left on Rankin Lk Rd.
Additional information
Coldwell Banker The Real Estate Centre Brokerage
: 1.5 Storey
: Vinyl Siding, Cedar
Humphrey Public School
: Concrete Block, Slab
: East
Parry Sound High School
: Built-in Microwave, Carbon Monoxide Detector, Dishwasher, Dryer, Garage Door Opener, Refrigerator, Solar System, Heated Pool And Accessories, Fridge (x2)
1
: Other
: 31-50 Years
: Municipal Road, Year Round Road, Public Road
C$1383
: Drilled Well

3 Rankin Lake Road, Seguin, ON P2A 0B2 40579312

3 Rankin Lake Road, Seguin, ON P2A 0B2

3 Bedrooms
3 Bathrooms
1,700 Sqft
C$689900
Listing ID #40579312
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 40579312
Price : C$689900
Bedrooms : 3
Rooms : 14
Bathrooms : 3
Square Footage : 1,700 Sqft
Year Built : 1990
Lot Area : 103,673 Sqft
Bathrooms Total : 3
Building Area : 1,700 Sqft
Status : Active
Property SubType : Single Family Residence
Zoning : C3
Agent info
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