3 Rankin Lake Rd
Seguin, P2A 0B2
FOR SALE
$689,900
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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; 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.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2022-08-10 | 2022-09-30 | 52 | $759,900 | - | Expired |
2022-07-07 | 2022-08-09 | 33 | $789,000 | - | Terminated |
2022-04-06 | 2022-06-22 | 77 | $849,000 | - | Terminated |
2021-12-07 | 2022-03-02 | 85 | $849,000 | - | Terminated |
2022-08-10 | 2022-09-30 | 52 | $759,900 | - | Expired |
2022-07-07 | 2022-08-09 | 33 | $789,000 | - | Terminated |
2022-04-06 | 2022-06-22 | 77 | $849,000 | - | Terminated |
2021-12-07 | 2022-03-02 | 85 | $849,000 | - | Terminated |
2022-08-10 | 2022-09-30 | 52 | $759,900 | - | Expired |
2022-07-07 | 2022-08-09 | 33 | $789,000 | - | Terminated |
2022-04-06 | 2022-06-22 | 77 | $849,000 | - | Terminated |
2021-12-07 | 2022-03-02 | 85 | $849,000 | - | Terminated |
Property Features
Hospital
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Property Details
Street
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
126' x 489'
Acreage
.50-1.99
Lot Irregularities
488'X191'X208'X83'X54'X337'X125'
Fronting
West
Taxes
$1,383 (2023)
Basement
Crawl Space
Exterior
Vinyl Siding, Wood
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Well
Parking Spaces
6
Driveway
Front Yard
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 14.34' x 17.49' | |
Living | Main | 11.84' x 14.40' | |
Br | Main | 11.91' x 10.99' | |
Laundry | Main | 6.59' x 14.83' | |
Bathroom | Main | 7.84' x 4.82' | |
Prim Bdrm | 2nd | 10.33' x 12.99' | |
Bathroom | 2nd | 5.91' x 10.01' | |
Br | 2nd | 8.83' x 7.15' | |
Mudroom | Main | 8.83' x 5.68' | |
Kitchen | Main | 8.01' x 11.91' | |
Br | Main | 7.74' x 8.43' | |
Bathroom | Main | 5.09' x 8.50' |
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Seguin Market Statistics
Seguin Price Trend
3 Rankin Lake Rd is a 3-bedroom 3-bathroom home listed for sale at $689,900, which is $685,100 (49.8%) lower than the average sold price of $1,375,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Seguin declined by $285,000 (17.2%) compared to the previous 30 day period (March 15 - April 13) and up $510,000 (59.0%) from the same time one year ago.Inventory Change
There were 2 3-bedroom homes listed in Seguin over the last 30 days (April 14 - May 13), which is down 0.0% compared with the previous 30 day period (March 15 - April 13) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Seguin typically sold ($25,000) (1.8%) below asking price over the last 30 days (April 14 - May 13), which represents a $35,000 decrease compared to the previous 30 day period (March 15 - April 13) and $65,100 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Seguin over the last 30 days (April 14 - May 13) stood at 50.0%, down from 50.0% over the previous 30 days (March 15 - April 13) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Seguin stood at 13 days when successfully sold over the last 30 days (April 14 - May 13), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Coldwell Banker The Real Estate Centre
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