Manotick - Kars - Rideau Twp and Area, ON
Turn-Key Duplex with Accessory Unit! Exceptional Investment Opportunity! This well maintained, income generating property offers a Strong 7.39% CAP RATE and backs onto a serene creek with beautiful water views. The property features THREE Self Contained units: 3 Bedroom, 2 Bedroom, and a Bachelor unit. Currently fully rented, with one unit owner occupied, this is a fantastic opportunity for investors or owner occupiers alike. Equipped with 2 Hydro meters and 2 Gas meters, & serviced by well and septic, the property is both efficient and cost conscious. Tenants pay their own utilities as well as yard & driveway maintenance. (Note: Unit 2 covers the hydro & heat for Unit 3). UNIT 1: Bright 2 Bedroom, 1.5 Bathroom unit featuring hardwood flooring throughout the main level, pot lights, and an open concept layout. Enjoy direct access to a private backyard deck and a convenient powder room. Upstairs offers two spacious bedrooms, a full bathroom with a skylight, & in unit Laundry. Includes a private driveway with parking for up to 4 vehicles. UNIT 2: (VACANT) Charming 3 Bedroom, 1 Bathroom unit full of character, featuring high ceilings, hardwood floors, and generous living spaces. Functional kitchen with an adjacent laundry closet. Upper level includes three bedrooms & a full bathroom. Backyard access, parking for 2 vehicles included & Owner Occupied. UNIT 3: Non-conforming Bachelor unit located on the main floor with a separate entrance, clean and efficient with its own kitchen, full bathroom, & laundry. A great low maintenance rental option with 2 dedicated parking spaces. Additional highlights include a Detached 2 Car Garage offering excellent storage, a low unfinished basement for easy utility servicing, and a sidewalk right out front for added convenience. Ideally located in the heart of North Gower, within walking distance to shopping, parks, restaurants, and the LCBO. A rare, turn-key investment, this is the one you've been waiting for! Financials Available
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