Brick Bungalow Flip in Ramara Minutes to Downtown Orillia With the Possibility For An Accessory Dwelling Unit!! Assigned

  • $410,000
  • 3 beds
  • 1 baths
  • 938 sqft
Assigned

Minutes away from downtown Orillia, Lake Simcoe and all major roads and amenities, this detached brick bungalow sits waiting for you to profit from it!! Featuring 3 bedrooms, 1 bathroom, a full basement with a kitchenette and stand alone shower, functioning wood fireplace, 1-car attached garage, and 6+ parking spaces, this property could be absolutely stunning with just some cosmetic updating and a partial roof update. On sought after road and with the option for an accessory dwelling unit, the profit to be made here is glaringly obvious. At only $410,000, you can’t miss out on this fantastic property!!

We are selling our assignable purchase contract.

Closing is October 12th, 2021
**As per our APS, the Seller is permitted to extend or shorten the closing 1 time by up to 30 calendar days upon giving proper notice to the Buyer. The Buyer also agrees to reimburse the Seller for the Seller’s legal costs amounting to a maximum of $1500.**

PROPERTY FEATURES
  • 3 bedrooms
  • 1 full bathroom (discolouration is due to hard water, as per Seller)
    • There is also a stand-alone shower in the laundry room in the basement
  • Built in 1958
  • Above grade: 938 sq ft (as per MPAC)
  • Partially finished basement: 938 sq ft (as per MPAC)
    • Finished area is listed as 240 sq ft (as per MPAC), though we believe it is closer to 350 sq ft (Buyer to verify)
    • Ceiling heights:
      • 5.305 ft to ductwork (Buyer to verify)
      • 6.194 ft to ceiling (Buyer to verify)
      • 5.928 ft to ceiling in the laundry room (Buyer to verify)
    • Laundry room (there is a stand-alone shower in this space)
    • Kitchenette
  • Separate entrances:
    • Front door opens to main entrance way
    • Door in garage opens up to a landing, with the option to go upstairs to the kitchen, or downstairs to the basement
    • Additional door in the garage opens to the backyard
  • All appliances will be included
  • Living room features a functioning wood fireplace (as per Seller)
  • Flooring is a mix of laminate, ceramic tile, poured concrete, and carpeting
    • Laminate flooring was installed 4-years-ago (as per Seller)
    • Ceramic tile flooring was installed 1-year-ago (as per Seller)
  • 100 AMP breaker panel
  • Oil furnace is owned, and was purchased 3-5 years-ago (as per Seller)
  • Double-walled oil tank has a 25-year warranty (exact age unknown, as per Seller)
  • HWT is rented, and was installed 2 weeks-ago (as per Seller, Buyer to assume rental)
  • Water softener is rented, as was installed 2 weeks-ago (as per Seller, Buyer to assume rental)
  • HWT rental is ~$70/month, including the water softener (as per Seller, Buyer to verify)
  • No central AC (currently using window units, as per Seller)
  • Front half of the roof was updated 2-3 years-ago, though the remaining half of the roof still needs to be completed (as per Seller)
    • A tarp was added to the remaining half of the roof in the fall of 2020, to carry them through until they could have it repaired (as per Seller)
    • 2 parts of the ceiling, in the kitchen and the bedroom closest to kitchen, have been cut into due to leaks from the roof, in order to avoid further damage (as per Seller)
  • Windows have not been updated by the current owner, who took possession in 2005 (as per Seller)
  • Sump pump was installed 2 weeks-ago, and is located in the basement (as per Seller)
  • Drilled well (was originally a dug well, as per Seller)
  • Septic (was last emptied 3-years-ago, as per Seller)
  • Backyard features a large metal pen, meant for large dogs/animals (as per Seller)
  • 1-car, attached garage with in-house access (240 sq ft, as per MPAC)
  • Parking for 6+ cars on gravel driveway
  • Property taxes: ~$2200/year (as per Seller)
  • Lot size: 100 ft x 120 ft (as per MPAC)
  • Zoning: AG (as per MPAC)
    • An accessory dwelling unit is permitted within any dwelling unit in the AG zone, so long as it meets all requirements outlined in the Bylaws (see HERE, pg. 36 & 54-57)

PROPERTY NEEDS

  • Cosmetic updating
  • The current Sellers smoke inside the house, which has caused yellowing on certain parts of the ceiling and walls
  • New half of roof & ceiling repairs
  • Finish the remainder of the basement, with the possibility to add an accessory dwelling unit (Buyer to verify)

 

Please click HERE for more pictures and information.

Price:
$410,000
Address:
Monck Rd & Rama Rd
Orillia, ON
Square Feet:
938
Lot Size:
100 ft x 120 ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1958
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location