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.
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
