2427 North Shore Road
Algonquin Highlands, ON
- 5 bed
- 2 bath
- approx. 1100-1500 sqft
- Detached
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..
Virtual Tour
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Listing Details
- Taxes (2025)
- $1,682
- Originally Listed
- $515,000
- Listed
- June 20, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Concrete Poured, Vinyl Siding
- Roof
- Shingles
- Foundation
- Poured Concrete
- Interior
- Accessory Apartment, In-Law Suite, Propane Tank, Upgraded Insulation, Water Heater Owned
- Lot Size
- 225 x 343 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Water
- Drilled Well
- Sewer
- Septic
- Heat Source
- Electric
Location & Legal
- Cross Street
- STANHOPE RD & NORTH SHORE RD.
- Parcel Number
- 391300131
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- UPPER UNIT- Washer, Dryer, Refrigerator, Stove, Dishwasher LOWER UNIT- Washer, Dryer, Refrigerator, Stove, Dishwasher] Lawnmower and snowblower for tenants to look after grass cutting and driveway clearing Shed on property
- Exclusions
- Any and all furnishings which are personal
- Rental Items
- Propane tanks
Community
Postal area K0M
- Population
- 53,815
- Private dwellings
- 37,422
- Median age
- 56.8
- Average household size
- 2.2
- Median household income
- $80,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Algonquin Highlands · last 12 months
- Median sold price
- $600,010
- Homes sold
- 89
- Median days on market
- 32
- Sale-to-list price
- 93.7%
Based on 89 recorded sales of residential freehold properties in Algonquin Highlands over the last 12 months.
Rooms
4-piece on Main, 4-piece on Lower
Main
- Bathroom7'5" x 7'
- Bedroom 212'9" x 10'3"
- Bedroom 38'11" x 10'3"
- Dining Room11' x 10'9"
- Kitchen12'5" x 11'6"
- Laundry7'3" x 7'5"
- Living Room20'5" x 10'4"
- Primary Bedroom16'1" x 10'4"
Lower
- Bathroom9'3" x 8'1"
- Bedroom 211'9" x 9'3"
- Dining Room9'7" x 12'3"
- Kitchen8'2" x 19'7"
- Living Room12' x 10'6"
- Other11'5" x 4'1"
- Primary Bedroom11'9" x 13'
Listed by
Century 21 Granite Realty Group Inc.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$97,900
Estimated Monthly Payment
$2,405
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,405/mo (20% down, 5.5%)
Taxes: $140/mo · Insurance: $122/mo
Estimates only. Consult a financial advisor.
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