2-Storey Semi-Detached Flip or Rental Opportunity in Barrie!! Assigned

Located close to the lake, Hwy 400, schools, amenities and all that Barrie has to offer, this semi-detached, 2-storey property, with the option for a secondary suite is the perfect flip and/or rental investment!! Featuring 3 bedrooms, a den, 2 bathrooms, a partial garage (basement bedroom area was extended into the garage), newly updated deck, a separate side entrance to the basement, recently updated electrical, a huge yard backing onto non-developable land with trails and green space, oak cabinetry and R40 insulation in the kitchen and endless potential, this property is a complete steal at only $500,000!! This 3 bed townhouse is just waiting to make you a profit!!

We are selling our assignable purchase contract.

Closing is February 3rd, 2022
*As per our APS, the Buyer agrees to reimburse the Seller for the Seller’s legal costs amounting to a maximum of $1500 CAD.*

**As per our APS, the Seller is permitted to shorten the closing 1 time by up to 60 calendar days. If the Seller is to shorten the closing date, they must provide written notice at least 30 calendar days before the new closing date.**
(The Seller has articulated to us that he is aiming to be out of the property in December 2021 and may be amenable to close before February 2022, though that is entirely dependent on the Seller finding a new place in time. This is a verbal mention, and has not been formally put down in writing.)

• 2-storeys (as per MPAC)
• 3 bedrooms + den
  • 1 of the upstairs bedrooms does not feature any designated closet space
  • Den is located in the basement and is being used as a bedroom but does not have a window or closet 
• 2 full bathrooms (1 full bathroom, as per MPAC)
  • 4-piece bathroom located on the second floor
  • 4-piece bathroom located in the basement
• Built in 1975
• Above grade: 1275 sq ft (as per MPAC)
  • First floor: 652 sq ft (as per MPAC)
  • Second floor: 623 sq ft (as per MPAC)
• Basement: 652 sq ft (as per MPAC)
  • Ceiling heights:
    • Living room: 7.031 ft
    • Bathroom: 6.969 ft
    • Bedroom: 6.663 ft
  • Laundry is shared and is located at the bottom of the steps leading to the basement, though is separated from the main basement by a door (see HERE, 4:10-4:19)
  • Separate entrance out to the side of the property
  • 1 bedroom
  • 1 full bathroom
  • Living area
• Separate entrances:
  • Front door opens to a landing, with stairs to go upstairs to the main floor, or downstairs to the basement
  • Double doors in the dining room lead out to the back deck area
  • Door at the side of the property leads directly to the basement
• All appliances will be included, except for the fridge in the basement
• Flooring is a mix of laminate, tile, carpeting, and poured concrete
  • Seller began updating the stairs from the front door landing to the basement but did not complete (Buyer to complete)
• Kitchen features oak cabinets and R40 insulation (as per Seller)
• 200 AMP breaker panel was updated from a fuse panel 3-years-ago (as per Seller)
• Electric baseboard heating (as per MPAC)
• HWT is owned, and was installed 9-years-ago (as per Seller)
• No central AC
  • Window unit AC in the living room was installed prior to the Seller taking possession in 2015 (as per Seller)
• All windows, apart from the one directly above the front door, were updated 12-years-ago (as per Seller)
• Roof was updated to fibreglass 11-years-ago (as per Seller)
• Back patio was redone in Summer 2021 (as per Seller)
• Property backs onto land that was donated to the city and is non-developable, though the city will be adding trails and lights (as per Seller)
• On municipal services
• 1-car, attached basement garage (240 sq ft, as per MPAC)
  • The basement area was extended into a large part of the garage, and a car can no longer fit inside (as per Seller) — see HERE
• 3-car parking in the driveway
• Property taxes: ~$2900/year (Buyer to verify)
• Lot size: 28.86 ft x 151.69 ft (as per MPAC)
• Zoning: RM1 (as per MPAC)
  • According to the Comprehensive Zoning By-law of Barrie, permitted uses in the RM1 zone include (but are note limited to) the following: secondary suite, converted dwelling, boarding/rooming/lodging house, and semi-detached duplex dwelling (see HERE, pg 5-1)

PROPERTY NEEDS

• Cosmetic updating
• Create a secondary suite in the basement, if desired (Buyer to verify)

Please click HERE for more pictures and information.