Don’t miss out on this great investment opportunity located in the Lakeview district of Oshawa, close to the 401, shopping, dining, and other amenities!! This bungalow is situated on a corner lot, offering plenty of yard space to be enjoyed. The property itself is currently being utilized as a tenanted rooming house, offering 4+3 bedrooms, 2 full bathrooms, 2 kitchens, basement laundry, as well as separate entrances. With cosmetic updates throughout, this property could easily bring huge profit potential to an Investor. With the R2 zoning, the Investor convert this property back into 2 units to either hold as a rental or resell for a premium on the market, or continue to utilize this property as a lucrative rooming house opportunity (Buyer to verify). Options galore!!
We are selling our assignable purchase contract.
Closing is January 12th, 2022
*As per our APS, the Buyer agrees to assume the current tenants (names written in contract) at the current monthly rates of $700, $400, $500, $500, $450, and $600 respectively (including utilities). The Buyer is aware that the current tenants are on a verbal, month-to-month agreement.*
**As per our APS, the Seller agrees to provide a 60-day notice to the tenants on December 1, 2021 or a few days after. The Buyer is aware that this does not guarantee a vacant closing.**