2-Storey Flip or Rental Opportunity In Niagara-on-the-Lake Built in 2014!! Assigned

  • $600,000
  • 7 beds
  • 4 baths
  • 2015 sqft
This semi-detached, newer build is more than your plain, vanilla base-model. This property boasts 4 bedrooms upstairs, including a front-facing upper balcony, and over 2,000+ sq ft of above grade living space, located right next to restaurants, outlet malls, and the QEW. Golf courses, basketball courts, and escarpment views are just one of the many a perks that come along with this community. Currently utilized as a student rental, this sprawling semi could easily be converted to an open concept single-family home, where the kitchen connects to a cozy family room with a gas fireplace. The impressive, all-brick curb appeal, turnkey condition, and spacious layout is an undeniable score for an Investor trying to overcome soaring renovation costs. This is 2,000+ sq ft for $600,000, a price that is $300,000+ under Niagara-on-the-Lake’s lavish 2021 benchmark price. Act fast!!

We are selling our assignable purchase contract.

Closing is June 2nd, 2021
**This property is currently tenant-occupied (month-to-month). The Seller has promised to provide vacant possession upon closing, however, will also have the option to extend the closing until early July, should the tenants require another 30 days to vacate. As per our APS, the Seller will notify the Buyer if an extension is needed.**

PROPERTY FEATURES
  • 5+2 bedrooms (listed as 4 bedrooms, as per MPAC)
    • Master bedroom features a walk-in closet, as well as a 4-piece ensuite
    • Third bedroom on the top floor features a walk-out balcony
    • Large room located just off of the front of the house was converted into a fifth bedroom, however this area could easily be opened back up to create a more open-concept floor plan
  • 4 bathrooms (4.5 bathrooms, as per MPAC)
    • 4-piece master ensuite
    • Second 4-piece bathroom also located on top floor
    • Powder room on main floor
    • 4-piece bathroom in basement
  • Built in 2014
  • Above grade: 2015 sq ft (as per MPAC)
    • First floor area: 995 sq ft
    • Second floor area: 1020 sq ft
  • Basement total area: 995 sq ft (as per MPAC)
    • Basement windows are on window wells, though mostly above grade
    • Ceiling height is approximately 7 ft (Buyer to verify)
    • Laundry area
  • Poured concrete foundation
  • On municipal services
  • Separate entrances:
    • Front door to main entrance area
    • Back sliding glass door leads from kitchen to backyard
  • Flooring is a mix of vinyl, carpet, and tile
  • Family room area off of the kitchen features vaulted ceilings, and a gas fireplace
  • All appliances are included 
  • Furnishing can be included at Buyer’s request
  • 100 AMP breaker panel
  • HE gas furnace, central VAC, and central AC are all owned and are 7-years-old (as per Seller)
  • HWT is rented, age unknown (as per Seller)
  • Vinyl windows are 7-years-old (as per Seller)
  • 1-car, attached garage (228 sq ft, as per MPAC)
  • Parking for 2 cars on private, single-wide driveway
  • All-brick exterior
  • Lot size: 25 ft x 113 ft (as per Geowarehouse)

PROPERTY NEEDS

  • Minor cosmetic updating

 

Please click HERE for more pictures and information.

Price:
$600,000
Address:
Regional Rd 89 & Niagara-on-the-Green Blvd
Niagara-On-The-Lake, ON
Square Feet:
2015
Lot Size:
25 ft x 113 ft
Bedrooms:
7
Bathrooms:
4
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
2014
Basement:
Finished

Call (647) 400-2093 for more details

Property Location