For sale
Duplex

40 & 42 - 40 Main Street

$489,900
North Stormont, Ontario, K0C 0B2

Overview

  • Updated On:
  • June 02 2025
  • MLS® Number
  • X12190262
  • 6 Bedrooms
  • 2 Bathrooms

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:57887)

Price:
Price Info:
Property Type: Multi-family
Building Type: Duplex
Storeys: 2
Appliances
Dryer
Stove
Washer
Refrigerator
Cooling & Heating
Natural gas
Forced air
ExteriorFinish
Brick
Vinyl siding
$ 2,511.81
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,899.44
Bedroom
BedroomsAboveGround: 6
BedroomsTotal: 6
Bathroom
BathroomTotal: 2
Basement
BasementDevelopment: Unfinished
BasementType: Partial (Unfinished)
Size
SizeInterior: 2500 - 3000 sqft
Construction
Age: 100+ years
FoundationType: Stone
Utility
UtilityWater: Municipal water
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
  • Your Favourites

     

    No Favourites Found

     

  • Search

Compare Listings