2.5-Storey with Finishable Attic Loft in Central Port Colborne (Niagara Region)!! Assigned

Opportunity knocks at your door with this detached home, located close to downtown Port Colborne, where all amenities reside, and also on the cusp of the Welland Canal, one of Ontario’s signature waterways. This 1,400 sq ft home has potential for greater living space and can easily be repurposed into 5 bedrooms. It includes a full kitchen addition, with a side mudroom and a west-facing front sunroom for dwellers to people-watch and enjoy quiet time. Another prime feature is an unfinished upper attic/loft, with stair access, windows, and 6.5 foot gable ceilings. Master loft retreat, quiet study, or perhaps a large playroom? Tons of cosmetic updates here for a savvy flipper, plus an attractively low purchase price in the booming Niagara region. What’s not to love??

We are selling our assignable purchase contract.

Closing is October 26th, 2021
*As per our APS, the Seller may extend closing 1 time, by up to 30 calendar days, provided that the Seller notifies the Buyer at least 21 calendar days before the original closing date.*

• 2.5-storeys (2-storeys, as per MPAC)
  • This is very clearly a 2.5-storey, detached home. MPAC classifies this property as only being 2-storeys, but there is an open attic that is staircase-accessible, and can become livable space (Buyer to verify)
• 4 bedrooms
  • 3 bedrooms are located on the second floor, and 1 bedroom is located on the main floor.
    • The main floor bedroom features a 2-piece ensuite bathroom
  • Only 2 of the 3 bedrooms on the second floor feature closets
  • There is an option to add a 5th bedroom in the upper attic space (Buyer to verify)
    • However, there is also an option to remove the bedroom on the main floor in order to expand living space, and simply create a 4th bedroom in the attic (Buyer to verify)
• 2 bathrooms
  • 2-piece ensuite located in the main floor bedroom
  • 4-piece bathroom located on the second floor
• Built in 1915
• Above grade: 1400 sq ft (as per MPAC)
  • First floor: 812 sq ft (as per MPAC)
  • Second floor: 588 sq ft (as per MPAC)
    • MPAC does not include the half-storey, which we believe gives the Investor an additional 500 sq ft, once completed (Buyer to verify)
• Crawl space:
  • Ceiling height is less than 4 ft (Buyer to verify)
• Separate entrances:
  • Side door opens into the front sunroom
  • Door in the front sunroom opens into the main entrance way of the home
  • Door in the kitchen leads out to the mudroom
  • Additional door in the mudroom leads out to the back of the property
• Only the washer and dryer will be included
• This property includes multiple additions, including: the front sunroom, back kitchen, and side mudroom entrance
• Laundry area is currently set up in the kitchen
• Fuse panel
• Gas furnace is rented and was installed in 2021 (Seller will buy out on closing, as per the APS)
• Tankless water heater is a rental (Buyer to assume rental)
• No central AC
  • The house is forced air, so central AC could be added, if desired (Buyer to verify)
• Windows are a mix of wood and vinyl throughout
• Roof is 4-years-old (as per Seller)
  • Roof is vented but upper attic doesn’t come with forced air vents (Buyer to verify)
• Exterior is vinyl siding and it is in good condition
• On municipal services
• Private driveway fits at least 4 cars
• Lot size: 37 ft x 132 ft (as per MPAC)
• Zoning: R4 (as per MPAC)

PROPERTY NEEDS

• Cosmetic updating
• Some roof and drainage repairs (fascia, gutters, downspouts, etc)
• Option to convert attic into an additional bedroom, loft retreat, playroom or study (Buyer to verify)

Please click HERE for more pictures and information.