Detached Cottage Flip or Airbnb Opportunity in Kawartha Lakes!! Assigned

  • $325,000
  • 5 beds
  • 2 baths
  • 1,100-1,500 sqft

This detached bungalow is located on a half-acre lot minutes from Pigeon Lake in Omemee, a small but blossoming community in the Kawartha Lakes. This property comes with a full walkout basement featuring 2 bedrooms and a full bathroom. The upstairs is 3 full bedrooms, 1 bathroom, and a large kitchen and living room with vaulted ceilings. This property also come with an oversized handyman’s garage in the backyard with a long driveway for parking and a new deck for the next buyer or tenant’s enjoyment. This is an outstanding discount for the Kawartha Lakes and we believe the Buyer will be purchasing this property close to the property’s 2010 value. That’s a decade of built-in equity!! Don’t miss out!!

We are selling our assignable purchase contract.

Closing is October 27th, 2020
**As per our APS, the Buyer will be required to assume the tenants who have been occupying the property for 10 years. They are paying a monthly rent of $1,400 + utilities. According to the Seller, the tenants are good and fully up-to-date on their rent payments.**

Please read the Property Features for more information on the tenants.

Please click HERE for more information and pictures.

Price:
$325,000
Address:
Clearview Dr
Omemee, ON
Square Feet:
1,100-1,500
Lot Size:
89.80 ft x 248.88 ft at its deepest (irregular-shape)
Bedrooms:
5
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1979
Basement:
Finished

Additional Features

PROPERTY FEATURES Right across the street from a public water access (could be used as a small boat launch) 3+2 bedrooms MPAC states this property was originally a 4 bed (above grade) 2 full bathrooms Built in 1979 Above grade: 1,100-1,500 sq ft (as per MPAC) Full, finished basement 7 ft ceilings 2 bedrooms 1 full bathroom Walkout basement entrance Upstairs kitchen and living room feature vaulted ceilings Fireplace in basement (we believe that it is a natural gas fireplace, Buyer to verify) Electric baseboard heaters No central AC Older thermal pane windows New roof (2019) Drilled well (approximately 40 ft) Septic tank (last pumped in 2018, as per Seller) Front and back deck built and installed in 2019 Oversized, detached, double garage Long driveway offers space for 5+ cars Property tax from 2019: $2,200 (as per Seller) Lot size: 89.80 ft x 248.88 ft at its deepest (irregular-shape) Zoning: RR3 Tenants will be assumed on closing. House will not be vacant. Tenants have been occupying the property for 10 years They are paying a monthly rent of $1,400 + utilities (the Seller states that they are good tenants and up-to-date on all payments) While N11 or termination forms are not guaranteed in this sale, the Seller may attempt to sign an N11 with the tenants in exchange for a small price increase. The Seller also believes the tenants may be receptive to a cash-for-keys settlement of first and last month’s on a new rental, but won’t be able to ask until the offer is firm. PROPERTY NEEDS Full cosmetic renovation

Call (647) 400-2093 for more details

Property Location