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40 & 42 - 40 Main Street North Stormont, Ontario K0C 0B2

6 Bedroom 2 Bathroom 2500 - 3000 sqft
Forced Air

$489,900

Welcome to 40 & 42 Main Street, Finch, a rare find offering two spacious 3-bedroom units in a beautifully updated century duplex. Both units are occupied by long-term tenants, generating a solid annual income of $36,900. Recent upgrades include modernized kitchens, refreshed bathrooms, and updated finishes throughout. Municipal water, sewer, natural gas, and high-speed internet are all in place, a big bonus in rural Ontario! This property is ideal for savvy investors or buyers looking to live in one unit while earning rental income from the other. With separate entrances and ample parking, it's an ideal setup for owner-occupancy. Plus, there's an opportunity to add separate hydro meters, allowing tenants to take over electricity costs and increasing your cash flow. Situated on a generous lot, there is even potential to sever and build on or sell the side yard, offering future development or resale value. Finch is a growing community, just 50 minutes from Ottawa and 30 minutes from Cornwall, making it a commuter-friendly option with strong rental demand. Whether you're looking to grow your portfolio or make a smart move toward homeownership with built-in income, this property is packed with potential. Book your showing today and explore all the ways this investment can work for you! Photos show only unit 42 and have been virtually decluttered and staged to protect the privacy of the tenants. (id:6673)

Property Details

MLS® Number X12190262
Property Type Multi-family
Community Name 709 - Finch
AmenitiesNearBy Park
CommunityFeatures Community Centre, School Bus
EquipmentType Water Heater
ParkingSpaceTotal 2
RentalEquipmentType Water Heater
Structure Deck, Shed

Building

BathroomTotal 2
BedroomsAboveGround 6
BedroomsTotal 6
Age 100+ Years
Appliances Dryer, Stove, Washer, Refrigerator
BasementDevelopment Unfinished
BasementType Partial (unfinished)
ExteriorFinish Brick, Vinyl Siding
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 2500 - 3000 Sqft
Type Duplex
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Park
Sewer Sanitary Sewer
SizeDepth 117 Ft ,2 In
SizeFrontage 150 Ft
SizeIrregular 150 X 117.2 Ft
SizeTotalText 150 X 117.2 Ft
ZoningDescription R

Utilities

Cable Available
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/28403304/40-42-40-main-street-north-stormont-709-finch

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Penny Rudderham
Salesperson


Exp Realty
424 Catherine St Unit 200
Ottawa, Ontario K1R 5T8