$875,000
Algonquin Highlands
15661 Highway 35 Highway, Algonquin Highlands (Stanhope), Ontario, K0M1J2
This multi-family property in Algonquin Highlands is for sale offering roughly 2,250 sq ft of space. It has been on the market 49 days, fresher than the Algonquin Highlands average of 149 days.
Make your real estate investment pay you. This legal home-styled 4 plex has undergone extensive renovations resulting in 4 well appointed apartments which will be easy to rent. Having sustained minimal use the apartments are ready to be occupied with no immediate maintenance required. Currently 3 of the apartments are empty allowing the new owner maximum control over new tenants. Or, the owner may choose to live in one unit and rent out the other 3. Each apartment is attractively finished including premium tiles and tumble marble in bathrooms, modern kitchens and laminate flooring throughout. The results being each apartment has its own unique decor style. The exterior is finished with salmon coloured brick base topped with stone window ledges, corner key decor and beige stucco giving the building its own upscale appearance. Your new tenants will be able to enjoy the perks of country living including a large open lot that includes gardens for flowers or vegetables. The separate utility room houses the hot water tanks, water system with commercial water filtration and UV system, and laundry facilities (not currently hooked up) New septic system installed in 2019. Then there is the self contained finished unit at the front suitable for office or storage, or possible expansion of apartment. Add to all this the 46 x 49 foot garage with new roof (winter of 2025/2026 Personal storage? Business storage? Rental storage? An additional office space in the building would be ideal for a home occupation. With the high demand for rental accommodation in Haliburton County, this could be opportunity to increase your real estate investment income. All this located within easy commuting distance to Minden or Haliburton and just a short drive to Bracebridge and Huntsville. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 49 days on market, against an average age of 149 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 5-bed multi-family in Algonquin Highlands (Stanhope) has been listed for 49 days, which is 100 days fresher than the city average of 149. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $875,000, about 10.9× the local median household income of $80,000.
Carrying it typically needs a household income of about $170,918 (20% down, 25-yr amortization, stress-tested) — roughly 114% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0M)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.