2289 Loop Road

Nestled in the picturesque setting of Highlands East, specifically at 2289 Loop Road, this exceptional Multi-Family Home for sale in Highlands East presents a remarkable opportunity for both investors and owner-occupiers alike. This legal four-unit multiplex is strategically located in the charming community of Monmouth, offering immediate income potential alongside long-term growth prospects. The property is set on a generous flat lot measuring approximately 69 by 203 feet, providing ample space for outdoor activities and tenant enjoyment.

The building itself is a two-storey structure clad in durable vinyl siding, ensuring both aesthetic appeal and low maintenance. With a total of eleven rooms, this Multi-Family Home for sale in Highlands East boasts two kitchens, making it a practical choice for a variety of living arrangements. The layout includes four den spaces and four bathrooms, catering to the needs of multiple tenants or families. Each unit is unfurnished, allowing new occupants to personalise their living spaces according to their preferences.

The individual units within this multiplex are thoughtfully designed. Unit 1 features one bedroom and one bathroom, with convenient access to a side patio, perfect for enjoying the outdoors. Unit 2, also a one-bedroom, one-bathroom unit, offers porch access leading to the backyard, creating a lovely space for relaxation. For those seeking more space, Unit 3 comprises two bedrooms and one bathroom, providing a practical layout suitable for small families. Meanwhile, Unit 4 stands out as a fully renovated unit, complete with a new kitchen, bathroom, flooring, and appliances. This unit also boasts a delightful walkout deck that overlooks the fenced backyard, making it an attractive option for prospective tenants.

The property is equipped with essential utilities, including internet access, and is serviced by a well and septic system. Heating is provided through electric baseboard systems, ensuring a comfortable living environment throughout the seasons. Notably, there is no central vacuum system, and the property does not feature a fireplace or a swimming pool. The absence of these amenities, however, is offset by the affordable annual taxes and the potential for income generation.

Parking is another advantage of this Multi-Family Home for sale in Highlands East. Front yard parking is available for each unit, accommodating up to four vehicles, which is particularly beneficial in a rural setting. The large, flat backyard is ideal for outdoor gatherings, providing a communal space for tenants to enjoy. Additionally, the property is located just a stone's throw away from the amenities of Wilberforce, including shops, restaurants, and the serene Dark Lake, known for its lovely sandy beach.

With Units 1 to 3 already rented, and Unit 4 being move-in ready, this property represents a rare income-generating opportunity in a growing rural market. Whether you are looking to live in one of the units or expand your rental investment portfolio, the potential here is undeniable. The age of the building, between 31 to 50 years, adds character and charm, while the unfinished basement offers additional storage options or potential for future development.

In conclusion, this Multi-Family Home for sale in Highlands East at 2289 Loop Road, Highlands East, is a smart investment that should not be overlooked. The combination of location, layout, and income potential makes it an attractive proposition for those seeking a property in the Haliburton area. Do not miss the chance to book your private viewing today and secure this exceptional investment opportunity in the heart of the Highlands.

Monmouth, nestled within the picturesque Highlands East, is a charming geographic enclave that offers a serene escape into nature. Surrounded by lush forests and tranquil lakes, this quaint area is perfect for those who appreciate the beauty of the great outdoors. The landscape is dotted with scenic trails for hiking and cycling, while the nearby waterways provide opportunities for fishing and kayaking. Monmouth's close-knit feel is complemented by its proximity to local amenities and the vibrant culture of the surrounding region, making it an ideal spot for anyone seeking a peaceful yet connected lifestyle. Whether you're looking to unwind in nature or engage with friendly neighbours, Monmouth is a delightful place to call home.

Schools in the Neighbourhood

The property is conveniently located near Wilberforce Elementary School, which is just 0.3 kilometers away, making it an excellent option for families with young children. This public school, governed by the Trillium Lakelands District School Board, offers education from Junior Kindergarten to Grade 8, providing a solid foundation for early learners. The medium of instruction is English, ensuring that students are well-prepared for future academic pursuits. While the school rating is currently not available, its proximity to the property allows for easy access to educational resources and community activities. Parents can appreciate the short commute, which can enhance the daily routine for both students and caregivers. Overall, the nearby Wilberforce Elementary School adds significant value to the property, making it an appealing choice for families seeking a supportive educational environment for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 681 residents, with an average household size of 2.1 individuals. The community is characterized by a mature demographic, with an average age of 53.1 years. The average household income stands at $64,000, although 22% of the population is classified as low-income. The real estate market reflects a median home price of $500,000, indicating a relatively stable housing environment. Approximately 37.9% of the population is single, while 22.73% of households include children, suggesting a mix of family structures. The area has a modest immigrant presence, comprising 3.57% of the population, and a small percentage of renters at 15.49%. Condominiums make up 4.23% of the housing options available. Education levels are notably high, with 41.79% of residents holding a college or university degree. However, a significant portion of the population, 58.96%, is not in the labor force, which may impact the local economy and community dynamics. Overall, this demographic snapshot indicates a stable, educated community with a blend of family and single-person households.