715 Gerard Street, Alfred and Plantagenet, ON K0B 1L0
608 - Plantagenet, Alfred and Plantagenet · Near Rue du Comte + Hwy 17 · View map
About this home
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).
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 9
- Basement
- Separate Entrance, Apartment
- Lot size
- 94 x 94.6 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Stone
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Garage
- Carport
- Garage spaces
- 2
- Driveway spaces
- 2
- Total parking
- 4
Taxes & other
- Property taxes
- $3,202/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Rue du Comte + Hwy 17
- Neighbourhood
- 608 - Plantagenet
More
- Price per sq ft
- ~$438 (at 1,300 sq ft)
- Listed
- Sep 25, 2026 · 18 days ago
- MLS® number
- X13830206
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The home and its surroundings
- Accessory Apartment
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
715 Gerard Street, Alfred and Plantagenet, ON K0B 1L0
608 - Plantagenet, Alfred and Plantagenet · Near Rue du Comte + Hwy 17
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Listing history for 715 Gerard Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 715 Gerard Street
Answers come straight from this home’s MLS® listing.
How much is 715 Gerard Street listed for, and what would it cost each month?
715 Gerard Street is listed for $569,999. With 20% down ($114,000), the mortgage payment would be roughly $2,299 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,566 a month, all in. That figure is an illustration, not a quote.
Is 715 Gerard Street freehold or a condo, and is there a monthly fee?
715 Gerard Street is a bungalow in 608 - Plantagenet, Alfred and Plantagenet. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 715 Gerard Street have?
715 Gerard Street has 5 bedrooms and 2 bathrooms.
Does 715 Gerard Street have a garage and parking?
Yes. The listing shows the garage as carport, with room for 2 cars. The driveway adds 2 spaces. In total the listing counts 4 parking spaces.
Does 715 Gerard Street have a finished basement?
The listing describes the basement as separate entrance, apartment. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 715 Gerard Street?
715 Gerard Street is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 715 Gerard Street, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 94 x 94.6 ft.
How is 715 Gerard Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 715 Gerard Street?
Property taxes are $3,202 a year (2025), or about $267 a month.
Where is 715 Gerard Street?
715 Gerard Street is in the 608 - Plantagenet community of Alfred and Plantagenet. The nearest main intersection is Rue du Comte + Hwy 17. The postal code is K0B 1L0.
How long has 715 Gerard Street been on the market?
715 Gerard Street was listed on September 25, 2026. It has been on the market for 18 days. It is an active listing (MLS® X13830206). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 715 Gerard Street asking?
Similar bungalow-style homes for sale nearby right now include 1821 Ch Bercier Road at $699,000 (4 bed), 880 Concession Street at $599,900 (3+1 bed) and 141 Jessup's Falls Road at $499,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 715 Gerard Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 715 Gerard Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near 608 - Plantagenet, picked by style, size and price.
Bungalow$699,0001821 Ch Bercier Road, Alfred and Plantagenet4 bed · 2 bath · 608 - PlantagenetCourtesy of: RE/MAX DELTA REALTY TEAMView home →
Bungalow$599,900880 Concession Street, Alfred and Plantagenet3+1 bed · 2 bath · 608 - PlantagenetCourtesy of: MARTELS REAL ESTATE INC.View home →
Bungalow$499,000141 Jessup's Falls Road, Alfred and Plantagenet3 bed · 3 bath · 608 - PlantagenetCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →Courtesy of: RIGHT AT HOME REALTY
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*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.