|Profit — that’s all you’ll be seeing when you view this early 2000’s brick raised bungalow on a prime corner lot in Midland!! Nestled between Little Lake and Georgian Bay with all amenities, schools, and highways close by, this large property is brimming with potential!! Featuring 3 bedrooms, a finished basement with separate entrance via the 2-car, attached garage (can you say in-law suite?!), a 4-piece master ensuite with jacuzzi tub, updated flooring in 2 of the bedrooms (with flooring included for the master — to be installed), new appliances, new roof, as well as the opportunity to add a back patio, this property is an absolute steal at only $570,000 (less than older properties!). The average detached, 3 bed in Midland sells for $748,000, up 27% over this time last year. Don’t let this smoking deal pass you by!!
We are selling our assignable purchase contract.
Closing is December 3rd, 2021
**As per our APS, the seller will be permitted to lease back the property for no later than 60 calendar days after closing. The rate will be $3000/month (excluding utilities, which shall be in the tenant’s name) calculated at a pro-rated basis. The Buyer and Seller agree that the amount of $8000 CAD will be held back from the sale proceeds (to be held in trust with the Buyer’s lawyer, until the Seller vacates) as compensation for the Sellers’ monthly rent. If the Seller does not vacate within the 60 calendar days allotted after closing, the $8000 CAD holdback will not be provided to the Seller, but rather will be released to the Buyer on the 61st calendar day following closing. Once the Seller has vacated the property, the remaining balance, if any, of the holdback shall be released to the Seller within 2 business days.**