3 Rankin Lake Road

Seguin, ON

MLS® 40579312

For sale
$689,900

Bedrooms
3
Bathrooms
3
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.
Property Details
Parking Total
6
Property Type
Residential
Other Structures
Other
Auxiliary Building Count
1
View Type
Forest
Pasture
Trees/Woods
Community Features
Rural
Irregular Lot
Airport
Beach
Campground
City Lot
Near Golf Course
Highway Access
Hospital
Place of Worship
Quiet Area
School Bus Route
Schools
Shopping Nearby
Trails
Building
Appliances
Instant Hot Water
Water Softener
Dishwasher
Dryer
Range Hood
Refrigerator
Stove
Washer
Architectural Style
1.5 Storey
Basement Type
Crawl Space
Unfinished
Bathrooms
3
Bedrooms
3
Building Type
Single Family Residence
Cooling
Wall Unit(s)
Construction Materials
Cedar
Vinyl Siding
Security Features
Carbon Monoxide Detector
Smoke Detector
Carbon Monoxide Detector(s)
Security System
Smoke Detector(s)
Heating
Natural Gas
Gas Hot Water
Radiant
Roof
Asphalt Shing
Sewer
None
Water Source
Drilled Well
Building Amenities
Accessory Apartment
Air Exchanger
Ceiling Fan(s)
In-Law Floorplan
Land
Lot Depth
488.7 ft
Lot Front
125.66 ft
Lot Size Area
2.38
Acres
0.50–1.99 Acres
Zoning
C3
Landscape Features
Balcony
Landscaped
Privacy
Recreational Area
Year Round Living
Walk Score
Rooms
Metric
Imperial
LevelTypeLengthWidthDimensions
Main Bathroom Bathroom
2.59 m
1.55 m
2.59 m x 1.55 m
Main Kitchen Kitchen
3.63 m
2.44 m
3.63 m x 2.44 m
Main Living Room Living Room
4.39 m
3.61 m
4.39 m x 3.61 m
Main Bathroom Bathroom
1.47 m
2.39 m
1.47 m x 2.39 m
Main Bedroom Bedroom
3.35 m
3.63 m
3.35 m x 3.63 m
Main Laundry Laundry
2.51 m
2.26 m
2.51 m x 2.26 m
Main Laundry Laundry
4.52 m
2.01 m
4.52 m x 2.01 m
Main Bedroom Bedroom
2.57 m
2.36 m
2.57 m x 2.36 m
Main Mud Room Mud Room
1.73 m
2.69 m
1.73 m x 2.69 m
Main Kitchen/Dining Room Kitchen/Dining Room
5.33 m
4.37 m
5.33 m x 4.37 m
Main Sunroom Sunroom
3.05 m
3.05 m
3.05 m x 3.05 m
Second Bedroom Primary Bedroom Primary
3.96 m
3.15 m
3.96 m x 3.15 m
Second Bonus Room Bonus Room
2.18 m
2.69 m
2.18 m x 2.69 m
Second
3.05 m
1.80 m
3.05 m x 1.80 m
Coldwell Banker The Real Estate Centre Brokerage

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Listing ID: 149263233
Last Updated: 2024-09-13 15:30:02