2+1 Bed, 2 Bath Flip or Rental Opportunity with SDU Potential in Cornwall!! Assigned

  • $360,000
  • 3 beds
  • 2 baths
  • 700-1099 sqft
Assigned

This 2+1 bedroom, 2 bathroom, detached bungalow is situated in a prime location in Cornwall — only a short distance away from schools, shopping, parks, restaurants and the waterfront trail where you can enjoy numerous outdoor activities!! The property itself features a beautiful backyard, a large detached garage, and a minimum of 4 parking spaces (2 cars in driveway, 2 cars in the garage). The house offers a separate entrance that leads directly into the basement, which opens up the possibility of the basement being converted to an additional rental unit (Buyer to verify). The basement includes high ceilings (6’7 ft), a large bathroom with washer and dryer installed, a bedroom, as well as space for a kitchen to be added by the existing sink. Overall, this property has been kept in good condition, and will only require some cosmetic updating from an Investor to be brought to its full potential. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is March 2nd, 2022
*As per our APS, the Buyer agrees to assume the AC rental at $70/month (as per Seller). We have requested a buy out statement.***As per our APS, the Buyer agrees to pay up to $1500 towards the Seller’s lawyers fee.**

PROPERTY FEATURES
Please note: This property is currently tenant-occupied, however the tenant has indicated that they will leave with a minimum of 60 days notice if the Buyer would like vacant possession. 

  • 2+1 bedrooms
  • 2 full bathrooms
    • 4-piece bathroom located on the main floor
    • 3-piece bathroom located in the basement
  • Built in 1944
  • Above grade: 700-1099 sq ft (as per MPAC)
  • Partially finished basement: 700-1099 sq ft (as per MPAC)
    • Ceiling height: 6’7 ft (Buyer to verify)
    • Separate entrance leads directly into the basement
    • 1 bedroom
    • 1 full bathroom
    • Laundry area is located in the basement bathroom
  • Flooring: hardwood, tile
  • 100 AMP breaker panel
  • Gas furnace (as per Seller)
  • HWT is rented (as per Seller)
  • AC is rented (as per Seller) 
    • Seller is currently paying $70/month for this rental (Buyer to verify)
  • Windows are 15-years-old (as per Seller)
  • Backyard features:
    • Large back deck that appears to be in good condition (Buyer to verify)
    • Two small sheds
    • Fenced in yard
  • Brick and siding exterior
  • 2-car, detached garage (built in 2003, as per MPAC)
  • Paved driveway accommodates 2 cars
  • On municipal services
  • Lot size: 50 ft x 150 ft (as per MPAC)
  • Zoning: RES20 (as per MPAC)
    • In the Cornwall Zoning Bylaw, the RES20 zone permits: single family dwellings, rooming/lodging/boarding houses, duplex dwellings, semi-detached & link dwellings, triplex, quadruplex and row houses, as well as private senior’s residences, so long as they meet all specified requirements (see HERE). It does not explicitly state whether a secondary dwelling unit or basement apartment would be permitted. — Buyer to verify
  • Current rent: $2200/month+ utilities, on a 1 year lease (as per Seller)

PROPERTY NEEDS

  • Cosmetic updating
  • Small leak in the back porch, through the windows — could be fixed, or porch windows can be removed

Please click HERE for more pictures and information.

Price:
$360,000
Address:
Twelfth St W & Brookdale Ave
Cornwall, ON
Square Feet:
700-1099
Lot Size:
50 ft x 150 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1944
Basement:
Partially Finished

Call 647-370-0820 for more details

Property Location