Bungalow Flip in Midland For Under $300K!! Assigned

  • $264,999
  • 1 beds
  • 1 baths
  • 532 sqft
Assigned

Yes, you heard it: now is your chance to buy this single-family, detached property in Simcoe County for under $300,000, and it comes winterized!! Under the current housing boom, an Investor will struggle to find any detached housing that’s affordable and doesn’t require large upfront capital and bury them with expensive financing costs. Enter, this property — a bungalow situated on a quiet street, just shy of Midland’s main road, where very little has sold in the last 2 years. In this neighbourhood, homes sell quick and some bungalows for well over $600,000!! Close to Little Lake, parks, Food Basics, the hospital, and other restaurants and amenities of town, act fast on this cheap fixer-upper with a lot of room for forced appreciation!!

We are selling our assignable purchase contract.

Closing is October 20th, 2021

PROPERTY FEATURES
Please Note: This property will be vacant and entirely decluttered upon closing.
  • 1 bedroom
    • The previous listing (2001) listed this property a 2 bedroom, as it counted the mud room addition as an additional bedroom. It does feature a window, back exit, and could fit a small bed and small closet or vanity, if desired (Buyer to verify)
  • 1 full bathroom
    • Laundry is stacked via supporting shelf in bathroom (see HERE)
  • Built in 1948
  • Above grade: 532 sq ft (as per MPAC)
    • We believe this square footage report does not include the mud room addition that was added to the back of the property, which the Seller believes makes this property closer to ~700 sq ft (Buyer to verify)
  • No basement
    • The Seller states that there is a small crawl space in the property, however we did not access it when we visited the property (Buyer to verify)
  • Separate entrances:
    • Front door opens to an enclosed porch area, and leads to another door into the main entrance way in-between the living room/kitchen areas
    • Door at the back of the property opens into the mudroom addition
    • Additional door in the mudroom addition leads out to the enclosed veranda area in the backyard
  • All appliances will be included
  • Electric fireplace will be included
  • Freestanding cabinets in the bedroom can be included (Buyer to verify)
  • Interior was repainted in 2021 (as per Seller)
  • Laminate flooring in the living room
  • 100 AMP breaker panel (Buyer to verify)
  • Electric baseboard heating 
  • Electric HWT is owned, and is approximately 17-years-old (as per Seller)
    • Heating elements are newer (as per Seller)
  • No central AC
  • Roof was updated in 2019 (as per Seller)
  • Backyard features:
    • Concrete patio stones
    • Enclosed veranda
    • Garden shed
    • Small pond
    • Stone retaining wall
  • On municipal services
  • Parking for 3-4 cars on long, paved driveway
  • Lot size: 35 ft x 111.1 ft (as per MPAC)
  • Zoning: RS2 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating
  • Exterior updating

 

Please click HERE for more pictures and information.

Price:
$264,999
Address:
Hugel Ave & Norene St
Midland, ON
Square Feet:
532
Lot Size:
35 ft x 111.1 ft
Bedrooms:
1
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1948
Basement:
Crawl space

Call (647) 400-2093 for more details

Property Location