2-Storey Flip or Rental in Espanola!! Available

  • $160,000
  • 3 beds
  • 2 baths
  • 1712 sqft
Looking for a starter property to kick off your investment journey? Look no further!! At only $160,000, this 2-storey in Espanola features over 1700 square feet of above grade living space, 3 bedrooms, 2 bathrooms, 4-car parking, sunroom, on a large lot. Located in a hot area for cottages and rentals, this is a great place to quickly make a profit from rental, or flip after upgrades are complete. With low inventory and high demand, this is the perfect time to jump on this property at a steal of a price!! You can’t pass up the opportunity to make a massive profit on this rare two-storey property just outside of Sudbury!!

Closing date is Buyer’s choice!!
Can be any date within the next 2 months!!

**Please note: there is an order to comply for this property. Please see HERE.**

PROPERTY FEATURES
Please note, there are some minor foundation issues present in the crawl space, which the Seller believes should only cost around $5000-$10,000 to repair (Buyer to verify).
  • 2-storeys
  • 3 bedrooms
  • 2 full bathrooms
    • 4-piece bathroom
    • 3-piece bathroom
  • Built in 1912 (renovated in 2010, as per MPAC)
  • Above grade: 1712 sq ft (as per MPAC)
    • First floor: 856 sq ft (as per MPAC)
    • Second floor: 856 sq ft (as per MPAC)
  • Basement: crawl space 
    • Accessed from inside the house (as per previous Seller)
    • Ceiling height of approximately 6 ft (as per previous Seller)
  • Separate entrances:
    • Front door opens to main entrance way
    • Back door leads into the sunroom
  • Second floor underwent a cosmetic update in 2019 (as per previous Seller)
  • Flooring is a mix of laminate, carpet, and tile
    • Second floor flooring installed 3-4 years before previous Seller took ownership in 2019 (as per previous Seller)
  • Property does not have a stove, though all other appliances are included
  • Fuse panel (unsure of the amperage, as per previous Seller)
  • Electric baseboard heating (as per MPAC)
  • HWT is rented, and was installed in 2020 (as per previous Seller)
  • No central AC
  • Windows were updated 3-4 years before the previous Seller took ownership in 2019 (as per previous Seller)
  • Roof was updated 3-4 years before the previous Seller took ownership in 2019 (as per previous Seller)
  • On municipal services
  • Water and sewage cost approximately $100/month (as per previous Seller)
  • Large backyard
  • Parking for 4 cars on the driveway
  • Property taxes: ~$1900/year (as per previous Seller)
  • Lot size: 60 ft x 90 ft (as per MPAC)
  • Zoning: N/A (as per MPAC)
    • After looking at the Espanola zoning map (see HERE HERE), we believe that this property is zoned R2 (Buyer to verify). Permitted uses are outlined in the Espanola Bylaw (see HERE, pg. 6-1) — Buyer to verify

PROPERTY NEEDS

  • Full cosmetic update
  • Minor foundation repair

 

Please click HERE for more pictures and information.

Price:
$160,000
Address:
2nd Ave & Mead Blvd
Espanola, ON
Square Feet:
1712
Lot Size:
60 ft x 90 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1912
Basement:
Crawl Space

Call (647) 400-2093 for more details

Property Location