2-Storey Flip or Rental Opportunity in Little Italy!! Assigned

  • $640,000
  • 2 beds
  • 1 baths
  • 700-1,099 sqft

Here is your chance to get into the Ottawa market!! This property is located in Little Italy and is surrounded by all that Ottawa has to offer. This includes an abundance of cafes, restaurants, integration of the municipal bike paths and public transit. It is also just a short walk to Dow’s Lake for year-round activities, and the future rebuild of Ottawa General Hospital. This charming 2 bedroom, 1 bathroom century home has great curb appeal and only requires cosmetic updating. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is May 14th, 2021.
**As per our APS, the Buyer agrees to assume the Seller as a tenant until July 14th, 2021. Please see property details for more information**

 

Please click HERE for more pictures and information.

Price:
$640,000
Address:
Preston St & Ottawa Regional Rd 38
Ottawa, ON
Square Feet:
700-1,099
Lot Size:
25 ft x 100 ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1900
Basement:
Unfinished

Additional Features

PROPERTY FEATURES 2 bedrooms 1 bathroom Built in 1900 Above grade: 700-1,099 sq ft (as per MPAC) Basement: 400-699 sq ft (as per MPAC) Low ceilings: approximately 5'6 ft high Flooring is hardwood 200 AMP breaker panel HWT is rented (age is unknown, as per seller) Gas furnace is approximately 10-years-old (as per Seller) Central AC Roof is new (2020, as per Seller) Windows are approximately 15-years-old (as per Seller) Deck in the backyard Privacy fence 2+ parking spaces on the paved driveway Lot size: 25 ft x 100 ft (as per MPAC) Zoning: R4UD Potential to turn the main house into a duplex (possibly one unit on the second floor and one unit on the main floor) and then add a coach house. We believe you can add you can add a coach house to a duplex (but not an SDU) As per our APS, the Seller is permitted to stay in the property until July 14, 2021, and will be responsible for paying all utilities. Should the Seller decide to stay longer than July 14, 2021, the Seller must give notice to the Buyer 21 days before this date, and the Seller will pay $2,000.00/ month + utilities thereafter. Should the Seller decide to stay longer than October 14, 2021, the Seller will pay $4,000.00/month + utilities. PROPERTY NEEDS Cosmetic updates

Call (647) 400-2093 for more details

Property Location