Bungalow Duplex in Innisfil!! Assigned

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.**

• 2+1 bedrooms
  • 2 bedrooms are located in the Main Floor Unit
  • 1 bedroom is located in the Basement Unit
• 2 full bathrooms
  • 4-piece bathroom is located in the Main Floor Unit
  • 3-piece bathroom is located in the Basement Unit
    • Shower was added to this bathroom in 2020 (as per Seller)
• Built in 1968
• Above grade: 1064 sq ft (as per MPAC)
• Finished basement: 1118 sq ft (as per MPAC)
  • Ceiling heights:
    • 6.627 ft to ceiling with laminate (Buyer to verify)
    • 6.102 ft to duct (Buyer to verify)
    • 6.608 ft to ceiling with carpet (Buyer to verify)
  • Egress windows were added to basement in 2020 (as per Seller)
  • Access to basement from the main floor has been sealed off as of 2020 (as per Seller)
• Separate entrances:
  • Front door opens to main entranceway of the Main Floor Unit
  • Door to the left of the garage opens into the breezeway, with access to the Basement Unit as well as the storage lockers
  • Door located at the back of the property also leads directly into the breezeway
• Full kitchen update was completed in the Main Floor Unit in 2020, and includes new cupboards, quartz countertops, and flooring (as per Seller)
• Separate laundry is provided for each unit
• Flooring: tile, hardwood, laminate, and carpeting
  • Flooring in the basement was updated in 2020, except for the bathroom (as per Seller)
• All appliances included
• 100 AMP breaker panel
• Oil furnace is owned, and was installed in 2012 (as per Seller)
  • Oil tank was last replaced in 2020 (as per Seller)
• HWT is owned, and was installed in 2020 (as per Seller)
• AC is owned, and was installed prior to ownership (as per Seller)
• All windows have been updated in the last 5 years (as per Seller)
• Roof and eaves were last updated in 2013 (as per Seller)
• Drilled well (as per Seller)
• New septic was installed in 2020 (as per Seller)
• Property taxes: ~$3392/year (Buyer to verify)
• Attached garage is only 1-car wide, though is 2-cars deep, with direct access to breezeway (480 sq ft, as per MPAC)
  • Garage is currently being utilized as 3 storage areas — a shared storage space and 2 storage lockers (1 storage locker is designated for each unit, as per Seller)
• Parking for 8+ vehicles in driveway
• Lot size: 100 ft x 200 ft (as per MPAC)
• Zoning: A (as per MPAC)
• Legal duplex certification was acquired in 2020 (as per Seller)

UNIT BREAKDOWN
Main Floor Unit:

• This unit is currently tenanted at a rate of $1900/month, inclusive of utilities, on a verbal month-to-month agreement (original lease has expired, as per Seller)
• 2 bedrooms
• 4-piece bathroom
• In-unit laundry
• Has access to a designated storage locker in the garage, which is accessed through the breezeway

Unit 2:

• This unit is currently tenanted at a rate of $1500/month, inclusive of utilities, on a verbal month-to-month agreement (original lease has expired, as per Seller)
• Located on the main floor of this property
• 1 bedroom
• 3-piece bathroom
• In-unit laundry
• Has access to a designated storage locker in the garage, which is accessed through the breezeway

PROPERTY NEEDS

• Cosmetic updates, if desired

Please click HERE for more pictures and information.