For Sale

2427 North Shore Road

$499,000
Algonquin Highlands, Ontario K0M 1S0 · MLS® X13474832 · Updated 1d ago
2427 North Shore Road, Algonquin Highlands, ON K0M 1S0
1 / 30 photos
5
Bedrooms
2
Bathrooms
Sq Ft
4
Parking

About This Home

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..

Property Information

Type
Residential Freehold
Style
Detached
Architectural Style
2-Storey
Lot Size
225 × 343 ft
Direction Faces
South
Bedrooms
5 (3 + 2)
Kitchens
2
Parking
4 total · None
Cross Street
STANHOPE RD & NORTH SHORE RD.
Postal Code
K0M 1S0
Occupancy
Tenant
Possession
Flexible
MLS#
X13474832
Listing Office
Century 21 Granite Realty Group Inc.

Building Details

Construction
Concrete Poured, Vinyl Siding
Roof
Shingles
Heating
Baseboard · Electric
Cooling
None
Basement
Apartment, Finished with Walk-Out, Separate Entrance
Fireplace
No
Pool
None

Features & Amenities

Interior
Accessory ApartmentIn-Law SuitePropane TankUpgraded InsulationWater Heater Owned
Exterior
DeckPatioYear Round Living
Property
BeachFenced YardGolfLibrarySchool Bus RouteRec./Commun.Centre
Security
None
View
Trees/Woods

Financials & Fees

Annual Property Tax
$1,682 (2025)

Inclusions & Exclusions

Inclusions

UPPER UNIT- Washer, Dryer, Refrigerator, Stove, Dishwasher LOWER UNIT- Washer, Dryer, Refrigerator, Stove, Dishwasher] Lawnmower and snowblower for tenants to look after grass cutting and driveway clearing Shed on property

Exclusions

Any and all furnishings which are personal

Location

Listing courtesy of:Century 21 Granite Realty Group Inc.

Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.

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