1.25-Storey Flip or Rental Opportunity in Welland!! Assigned

  • $295,000
  • 4 beds
  • 1 baths
  • 1152 sqft
Assigned

Featuring 4 bedrooms, 1 full bathroom, 1.25-storeys, a solar powered workshop, covered deck, carport, storage shed, dining room addition with gas fireplace/stove, and parking for 3+ vehicles, this property is an absolute steal below $300,000!! Due to an unfortunate accident, the front bay window and surrounding siding needs to be replaced; however, this means you get to profit from a lower price rather than having to demo and reno yourself!! Located close to 2 shopping centres, schools, and daycare, as well as a bus stop directly across the street, you can’t get more convenient than this property in a sought after neighbourhood (perfect for resale or rental after updates!!). The average detached sold price in Welland is $558,700, up 37.6% over last year!! At only $295,000, you can’t pass up the opportunity to invest in this property with tons of room to profit!!

We are selling our assignable purchase contract.

Closing is October 20th, 2021

PROPERTY FEATURES
  • 1.25-storeys (as per MPAC)
  • 4 bedrooms (listed as 3 bedrooms, as per MPAC)
    • 2 bedrooms are located on the main floor, and the other 2 bedrooms are located on the second floor
      • One bedroom on the main floor requires studding and drywall, the renovations have been started though are not complete (as per Seller)
      • Residual water damage in the second floor bedroom is cosmetic, and the seal of the roof has been repaired (as per Seller)
  • 1 full bathroom (located on the main floor)
  • Built in 1941
  • Above grade: 1152 sq ft (as per MPAC)
    • First floor: 849 sq ft (as per MPAC)
    • Second floor: 303 sq ft (as per MPAC)
  • Crawl space
    • Ceiling height is approximately 2-3 ft (Buyer to verify)
    • Accessed from the main floor hallway
  • Separate entrances:
    • Front door opens to main entrance way
    • Door in the dining room addition opens out to the covered deck area
  • All appliances will be included
    • New Bosch dishwasher was installed in 2020 (as per Seller)
    • New washer & dryer combo was installed 2-years-ago (as per Seller)
  • Flooring is a mix of hardwood, laminate, carpet, and tile
  • Dining room addition was built onto the house before the Seller took possession in 2015 (as per Seller)
  • Laundry area is located on the main floor, in the dining room addition
  • Residual water damage in kitchen is cosmetic — the plumbing has been repaired so there is no longer a leak (as per Seller)
  • 100 AMP breaker panel
  • Open-air, wall gas heater is owned, and was installed prior to the Seller taking possession in 2015 (as per Seller)
  • Gas fireplace/stove in the dining room addition is approximately 2-years-old (as per Seller)
  • Window unit AC in living room was installed prior to the Seller taking possession in 2015 (as per Seller)
  • HWT is rented, and was installed prior to the Seller taking possession in 2015 (as per Seller)
  • The windows pre-date the Seller who took possession in 2015 (exact age is unknown, as per Seller)
  • Living room bay window is boarded up and will need to be replaced, and the siding will require repair as well (a car drove through the front window, as per Seller)
  • Roof was updated prior to the current owner taking possession in 2015 (believed to have been updated in 2007, as per Seller)
  • Backyard features a covered deck area, a workshop, and a storage shed
    • Workshop in the backyard is solar powered, with new shingles having been installed 1.5-years-ago (as per Seller)
  • On municipal services
  • Carport with space for 1 car
  • Parking for 3+ cars on driveway
  • Property taxes: ~$1700/year, entirely paid for the year (Buyer to verify)
  • Lot size: 40 ft x 100 ft (as per MPAC)
  • Zoning: RL1 (as per MPAC)

PROPERTY NEEDS

  • Full cosmetic updating

 

Please click HERE for more pictures and information.

Price:
$295,000
Address:
Lincoln St & Dunkirk Rd
Welland, ON
Square Feet:
1152
Lot Size:
40 ft x 100 ft
Bedrooms:
4
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1941
Basement:
Crawl space

Call (647) 400-2093 for more details

Property Location