1 ¾ Storey Flip, Airbnb, or New Build Opportunity On A Rare, Double Corner Lot in Dunsford!! Assigned

  • $350,000
  • 3 beds
  • 1 baths
  • 1445 sqft
Assigned

Situated on a large, double corner lot with frontage on two streets (the largest in the neighbourhood), this detached 3 bedroom (originally a 4 bed), 1 bathroom, 1 ¾ storey is an incredible flip or demo opportunity with an option to sever the lot to maximize your profits! Quaint and cozy, this residential home is well below market value with Sturgeon Lake less than a 2-minute walk away! With a furnace installed 2-months-ago and updates to the kitchen and bathroom, this property is just begging for someone to bring it to its full potential. The average 3 bed detached house price in this desired area of Dunsford is $650,000 with newer builds going for $900,000+!! At only $350,000, you can’t pass up the opportunity to invest in a growing market with private access to the water available, double the lot size, and dual frontage on a corner lot for $300,000 less than the average market value!!

We are selling our assignable purchase contract.

Closing is May 7th, 2021
WHAT are the options?
This corner lot property has a double frontage and provides a severance possibility for the Buyer. Although each option will require due diligence from the Buyer, we believe that many of these options are more than possible (Buyer to verify). Option 1: Single-family flip (convert it back into a 4 bedroom house).Option 2: Single-family flip + sever the lot (see HERE).Option 3: Tear down the existing property and build a large home on the property.

Option 4: Tear down the existing property, sever the lot in two, and either sell the lots or build 2 new properties (see HERE).

Option 5: Any combination of the above options.

**Please note, Buyer must do their own due diligence regarding any/all of these options.**
PROPERTY FEATURES
This property is on the largest lot in the area and is walking distance to Sturgeon Lake with the option to apply for a private dock through the city at a rate of $1600 per 4-year-term (Buyer to verify). This property is also only 200m from the lakefront and a 2-minute walk to a public beach!
  • 3 bedrooms (was previously 4 bedrooms, as per Seller)
    • 2 bedrooms upstairs
    • 1 bedroom on main floor
  • 1 bathroom
  • Built in 1936 (renovated in 1993, as per MPAC)
  • Above grade: 1445 sq ft
    • First floor: 1117 sq ft
    • Second floor: 328 sq ft
  • No basement or crawl space
  • Wood-burning stove in living room
  • Carpet on second floor was installed in 2015 (as per Seller)
  • 200 AMP breaker panel
  • Propane furnace installed 2-months-ago
    • Prior to that, wood stove and electric baseboard heating were used  — both are still installed
  • HWT is rented (installed in 2014, as per Seller)
  • All windows were replaced in 2012 except for the sunroom (as per Seller)
  • Roof was updated in 2018 (as per Seller)
  • Well & septic
    • Drilled well (new pump installed 2017, as per Seller)
    • Septic last emptied in 2020 (as per Seller)
  • Cabin: 165 sq ft (as per MPAC)
    • Currently being used as a shed
    • Roof of cabin was updated in 2012 (as per Seller)
  • 3 other wooden structures on property will be removed prior to closing
  • Outdoor shower on the side of house closest to the front entrance
  • Lot may be able to be severed to create another property as it was previously 2 lots until the Seller purchased together (as per Seller) — Buyer to verify
  • Option to apply for a private dock through the City of Kawartha Lakes
    • $1600 for a 4-year-term
    • Current dock will not come with the property as all new owners must apply through the city
  • Sturgeon Lake is less than a 2-minute walk away
  • 4-car parking in driveway
  • Property tax of $1200/year (as per Seller)
  • Lot size: 231.33 ft x N/A (triangular lot with frontage on two streets) 
  • Site area: 0.35 acres
  • Zoning: C
  • This property will be vacant and emptied upon closing

PROPERTY NEEDS

  • Cosmetic updating
  • Eavestrough is hanging off of one section of the roof and needs to be replaced or reinstalled
  • Property could be severed for additional profit (Buyer to verify)

 

Please click HERE for more information and pictures.
Price:
$350,000
Address:
Thurstonia Rd & Pavillion Rd
Dunsford, ON
Square Feet:
1445
Lot Size:
231.33 ft x N/A
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1936

Call (647) 400-2093 for more details

Property Location