Sitting on almost 2.5 acres is this beautiful, purpose built duplex that currently generates a fantastic return on investment. Professionally built in 2018, there is a 2 bedroom apartment on the upper floor with 2 full bathrooms including an ensuite. The lower level has 2 bedrooms and one bathroom. Both units are bright, with lots of natural light. The upper level is currently leased out for $2,350 plus utilities and the lower one rented for $1,750 plus utilities. That's $4,100 a month in gross income. Factor in taxes and insurance and you still have over a 7% cap rate. A perfect addition to any portfolio. This also has the option of it being owner occupied with a tenant helper or multigenerational living arrangements. Beautiful property offering lots of privacy while only being 10 minutes from the town of Callander. (id:47423)
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Detailed Information
Bedrooms
2+2
Bathrooms
3
Lot
328.08 x 438.67 ft
Equipment
Propane Tank
Property Easement
Unknown
Features
Irregular lot size, Rolling
Listing Contract Date
2025-02-13
Location Description
HWY 654 & MCDONALD RD
# of Parking Spaces
8
Property Type
Single Family
Rental Equipment
Propane Tank
Structures
Deck
Transaction Type
For sale
Zoning Description
RU
Building
Amenities
Fireplace(s)
Appliances
Water Heater, Water Treatment, Dishwasher, Dryer, Refrigerator, Two stoves, Two Washers
Architectural Style
Bungalow
Basement Development
Finished
Basement Features
Separate entrance
Basement Type
N/A (Finished)
Cooling Type
Air exchanger
Exterior Finish
Vinyl siding
Fire Protection
Smoke Detectors
Fireplace Present
Yes
# of Fireplaces
1
Foundation Type
Block
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
1
Type
Duplex
Utility Water
Drilled Well
Utilities
Type
Description
Cable
Installed
Wireless
Available
Electricity Connected
Connected
Telephone
Nearby
Land
Total Size
328.1 x 438.7 FT | 2 - 4.99 acres
Access Type
Year-round access
Acreage
Yes
Sewer
Septic System
Size of Irregular Land
328.1 x 438.7 FT
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