Located in the heart of Gilmour, this detached, 1.75-storey is one of the largest properties in the central area priced lower than a bungalow half its size!! Featuring over 1600 square feet of above grade space, 3 bedrooms, 2 full bathrooms, 3 separate entrances, a crawl space over 7 ft tall, a detached, 1-car garage and many partial updates, this property is the perfect opportunity to profit on a fixer-upper for the price of a studio bungalow. Close to Bancroft, Belleville and Peterborough with beautiful cottage territory all around, this is an ideal location for an income-producing rental, or for a single-family flip. The average residential sale price in the Bancroft/Gilmour/Northeastern area of Ontario is $749,955 according to the Ontario Real Estate Association, up 35% over this time last year!! At only $190,000 you can’t pass up the opportunity to invest in this perfect flip opportunity!!
We are selling our assignable purchase contract.
Closing is October 14th, 2021
*As per our APS, the Seller may stay in the property for a maximum of 3 calendar days after closing. The Buyer and Seller agree that the amount of $10,000 CAD will be held back from the sale proceeds (to be held in trust with the Buyer’s lawyer, until the Seller vacates). If the Seller does not vacate within the 3 days allotted after closing, the $10,000 CAD holdback will not be provided to the Seller, but rather will be forfeited to the Buyer on the 4th calendar day following closing.*
**As per our APS, the Buyer agrees to reimburse the Seller for the Seller’s legal costs amounting to a maximum of $1500 CAD.**