REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

EXp Realty Canada

charlesc.chime@gmail.com +1(602) 755-2389

Est. payment | -/mo

5 Beds

2 Baths

Save

Est. payment | -/mo

Save

5 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 608 - Plantagenet

Style Bungalow

Bedrooms 5

Annual Tax Amount $3,202

Tax Year 2025

Property Sub-Type Detached

MLS® Listing ID X13830206

Property Description

INVESTMENT OPPORTUNITY | LEGAL DUPLEX | ~5.0% CAP RATE | CASH FLOW POSITIVE. Welcome to 715 Gerard Street - a legal, income-producing duplex in the heart of Alfred and Plantagenet, offering the rare combination of strong cash flow, a built-in mortgage helper, and flexibility for both investors and future owner-occupants.This turnkey property features two self-contained units. The upper unit will be delivered vacant at closing, with an established market rent of $2,000/month - giving a buyer the choice to rent it out immediately or move in themselves and let the lower unit carry a significant share of the mortgage. The lower unit is home to an excellent, long-standing tenant paying $1,500/month, who is happy to stay on. With both tenants responsible for their own utilities (other than water) and estimated operating expenses of approximately $1,200/month, this property delivers an impressive cap rate of approximately 5.0% and positive cash flow from day one - a rare find in today's market. For the investor, it's a fully tenanted (or nearly so) income property with room to grow. For the owner-occupant, it's a mortgage buster: live upstairs, rent the lower unit, and enjoy monthly housing costs far below what you'd pay renting a comparable home outright. Upper Unit: 3 bedrooms, 1 bathroom, large eat-in kitchen, spacious living room, and a private yard. Lower Unit: 2 bedrooms, 1 bathroom, large kitchen, spacious living room, and its own private yard. Set on an oversized 94' x 94.62' lot with a carport, the property is centrally located in Alfred and Plantagenet, close to all local amenities, just 20 minutes to Rockland, and 45 minutes to Ottawa.Recent updates include: new roof (2021), new furnace and hot water tank, new flooring (2013), and new windows throughout (excluding the bay window and patio doors).

Location

Province ON

County Prescott And Russell

Area Prescott And Russell

Rooms

Family Room No

Basement Separate Entrance, Apartment

Kitchen 2

Interior

Interior Features Accessory Apartment

Cooling None

Inclusions 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers, 2 Dryers

Exterior

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 94.0

Lot Depth 94.62

Total Parking Spaces 4

Building

Foundation Block

Others

Senior Community No

ParcelsYN No

Listed by RIGHT AT HOME REALTY

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(602) 755-2389

charlesc.chime@gmail.com

715 Gerard ST Alfred And Plantagenet, ON K0B 1L0

EXp Realty Canada

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

715 Gerard ST

Free Account Required