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

$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:43934)

Property Details

MLS® Number	X12190262
Property Type	Multi-family
Community Name	709 - Finch
Amenities Near By	Park
Community Features	Community Centre, School Bus
Equipment Type	Water Heater
Parking Space Total	2
Rental Equipment Type	Water Heater
Structure	Deck, Shed

Building

Bathroom Total	2
Bedrooms Above Ground	6
Bedrooms Total	6
Age	100+ Years
Appliances	Dryer, Stove, Washer, Refrigerator
Basement Development	Unfinished
Basement Type	Partial (unfinished)
Exterior Finish	Brick, Vinyl Siding
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,500 - 3,000 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Park
Sewer	Sanitary Sewer
Size Depth	117 Ft ,2 In
Size Frontage	150 Ft
Size Irregular	150 X 117.2 Ft
Size Total Text	150 X 117.2 Ft
Zoning Description	R

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

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