Situated on a gorgeous lot just east of the 400 in Innisfil, this 2+1 bedroom, 2 bathroom, brick bungalow, with an attached, 2-car garage (converted to storage lockers) has been legally converted to a duplex and is primed for profit (Buyer to verify)!! The tenants are all responsible and reliable, treating the property as their own (as per Seller). Updated in 2020, this is the perfect investment property with little to no overhead and a high resale value (not accounting for any additional renos that will increase the value!). With Lake Simcoe, Barrie and the Tanger outlets just a short drive away, this stunning country property with breathtaking views affords the peace, quiet, and privacy of a cottage with the amenities of a city. At only $925,000 you can’t pass up the opportunity to invest in an already lucrative investment property for a fraction of the value!!
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 rate of $1500 (including utilities). The Buyer is aware that the original lease has expired and that the current tenants are living on a verbal month-to-month agreement.*
**As per our APS, the Buyer agrees to assume the current tenants (names written in contract) at the current monthly rate of $1900 (including utilities). The Buyer is aware that the original lease has expired and that the current tenants are living on a verbal month-to month-agreement.** |