40 42 - 40 Main St

For Sale 95 Days
$489,900 $15K
$475,000
6 beds
2 baths

40 42 - 40 Main St

For Sale 95 Days
$489,900 $15K
$475,000
6 beds
2 baths

Highlights

Key insights

Description

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:55581)

Penny Rudderham of EXP REALTY,
#X12190262
updated 3 weeks ago.
Houseful checked MLS® for data 3 weeks ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • # parking spaces
    2
Interior
  • # full baths
    2
  • # total bathrooms
    2.0
  • # of above grade bedrooms
    6
Location
  • Community features
    Community centre, school bus
  • Subdivision
    709 - finch
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12190262
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28403304/40-42-40-main-street-north-stormont-709-finch
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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