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715 GERARD STREET, Alfred and Plantagenet
2026-09-26
Quick Summary
- Location
- 715 GERARD STREET, Alfred and Plantagenet, Ontario K0B1L0
- Price
- $569,999
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1100 - 1500 sqft
- Bedrooms:
- 5
- Bathrooms:
- 2
- Garages:
- 4
MLS®#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). (id:32467)
Property Features
Building
- Appliances: Dishwasher, Dryer, Two stoves, Two Washers, Two Refrigerators
- Architectural Style: Bungalow
- Basement Features: Separate entrance, Apartment in basement
- Basement Type: N/A, N/A
- Construction Style: Detached
- Cooling Type: None
- Exterior Finish: Brick, Stone
- Fireplace: No
- Interior Size: 1100 - 1500 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Land
- Land Size: 94 x 94.6 FT
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Information entered by RIGHT AT HOME REALTY
Listing information last updated on: 2026-09-25 19:53:01
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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