Address
715 Gerard Street, Alfredand Plantagenet, ON
Price
$ 569,999
Property Attributes
- MLS#X13830206
- TypeSingle Family
- Listing Status New
- CountyPRESCOTT AND RUSSELL
- CityAlfredand Plantagenet
- Area608 - Plantagenet
- Neighborhood608 - Plantagenet
- ZipK0B 1L0
- StyleBungalow
- Taxes$ 3202
- Price$ 569,999
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1100-1500
Data Source:
Toronto Real Estate Board (TRREB)
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).
| Price History | |
|---|---|
| 9/25/2026 | Listed $569,999 |
General Features
| Sewer | Sewer |
|---|---|
| Cooling | None |
| Roof | Asphalt Shingle |
| Architectural Style | Bungalow |
| Pool Features | None |
| Construction Materials | Brick,Stone |
| Heater Type | Forced Air |
| Parking Spaces | 2 |
| Property Subtype | Detached |
| Tax Year | 2025 |
| Lot Depth | 94.62 |
| County | Prescott and Russell |
| New Construction | No |
| Property Type | Residential Freehold |
| Attached Garage | No |
| Facing Direction | East |
| Garage Y/N | No |
| Status | New |
| City | Alfred and Plantagenet |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 3202.0 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Legal Description | PT LT 7-8 CON 4 NORTH PLANTAGENET AS IN R129100; ALFRED/PLANTAGENET |
Interior Features
| Interior Amenities | Accessory Apartment |
|---|---|
| Basement | Separate Entrance,Apartment |
| Heat Source | Gas |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 5 |
| Elevator? | No |
| Total Baths | 2 |
| Bedrooms | 5 |
| Living Area Range | 1100-1500 |
Exterior Features
| Total Parking | 4.0 |
|---|---|
| Garage Type | Carport |
| Foundation Details | Block |
| Spa | No |
| Lot Size Source | MPAC |
| Waterfront Y/N | No |
| Covered Spaces | 2.0 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in K0B 1L0
Price
Taxes
In The Neighborhood
Open House
Alfredand Plantagenet
$ 459,900
- Type
- Single Family
- Size
- 1,100 SqFt
- Rooms
- 3 Beds + 2 Baths
Waterfront
Alfredand Plantagenet
$ 699,000
- Type
- Single Family
- Size
- 1,100 SqFt
- Rooms
- 4 Beds + 2 Baths
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