2427 North Shore Road Algonquin Highlands (Stanhope), Ontario K0M 1S0
$515,000
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. (id:56221)
Property Details
| MLS® Number | X13474832 |
| Property Type | Single Family |
| Community Name | Stanhope |
| Amenities Near By | Beach, Golf Nearby |
| Community Features | School Bus, Community Centre |
| Equipment Type | Propane Tank |
| Features | Sloping, In-law Suite |
| Parking Space Total | 4 |
| Rental Equipment Type | Propane Tank |
| Structure | Deck, Patio(s), Shed |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Walk Out, Separate Entrance |
| Basement Type | N/a, N/a (finished), N/a |
| Construction Status | Insulation Upgraded |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Concrete, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Propane |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 1100 - 1500 Sqft |
| Type | House |
| Utility Water | Drilled Well |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Beach, Golf Nearby |
| Sewer | Septic System |
| Size Depth | 343 Ft |
| Size Frontage | 225 Ft |
| Size Irregular | 225 X 343 Ft |
| Size Total Text | 225 X 343 Ft|1/2 - 1.99 Acres |
| Soil Type | Mixed Soil |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Dining Room | 2.93 m | 3.73 m | 2.93 m x 3.73 m |
| Lower Level | Kitchen | 2.48 m | 5.96 m | 2.48 m x 5.96 m |
| Lower Level | Living Room | 3.65 m | 3.2 m | 3.65 m x 3.2 m |
| Lower Level | Primary Bedroom | 3.58 m | 3.95 m | 3.58 m x 3.95 m |
| Lower Level | Bedroom 2 | 3.58 m | 2.81 m | 3.58 m x 2.81 m |
| Lower Level | Bathroom | 2.83 m | 2.46 m | 2.83 m x 2.46 m |
| Lower Level | Other | 3.47 m | 1.24 m | 3.47 m x 1.24 m |
| Main Level | Laundry Room | 2.22 m | 2.25 m | 2.22 m x 2.25 m |
| Main Level | Primary Bedroom | 4.89 m | 3.14 m | 4.89 m x 3.14 m |
| Main Level | Bedroom 2 | 3.89 m | 3.12 m | 3.89 m x 3.12 m |
| Main Level | Bedroom 3 | 2.72 m | 3.12 m | 2.72 m x 3.12 m |
| Main Level | Bathroom | 2.27 m | 2.14 m | 2.27 m x 2.14 m |
| Main Level | Kitchen | 3.78 m | 3.51 m | 3.78 m x 3.51 m |
| Main Level | Dining Room | 3.36 m | 3.28 m | 3.36 m x 3.28 m |
| Main Level | Living Room | 6.23 m | 3.14 m | 6.23 m x 3.14 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Wireless | Available |
| Telephone | Nearby |
Interested?
Contact us for more information
Christine Sharp
Salesperson
9143 Hwy 118, Unit 4
Algonquin Highlands, Ontario K0M 1J1
(705) 457-2128
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June 22 2026 10:10:05
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Century 21 Granite Realty Group Inc.