3 Rankin Lake Rd

Investment & Income Opportunity. A Tenanted 2-Unit Residential Income Property: Main Detached 3-Bedroom House (1700 Square Ft) And Legal Detached 2-Bedroom Apartment (1000 Square 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-Bedroom 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-Bedroom, 1000 Square 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.