Bungalow Flip or Rental in Ennismore!! Assigned

  • $500,000
  • 3 beds
  • 2 baths
  • 1187 sqft

Minutes from the waterfront and in the heart of the Ennismore, this 3 bedroom, 2 bathroom, all-brick bungalow with a 1-car, attached garage is an excellent investment opportunity! This property boasts a separate entrance to the basement, which would be perfect for a secondary suite conversion to maximize the profit potential, as well as a large backyard complete with patio area, fire pit, apple trees and raspberry bushes. With hardwood floors, a newly installed furnace and AC, 200 AMP service and a partially finished basement – all that’s needed to reap the benefits of this beauty is some cosmetic updating. This property has everything you need for comfortable country living. At only $500,000, our property is an absolute no brainer in such a hot, desirable and booming market!!

We are selling our assignable purchase contract.

Closing is May 10th, 2021

PROPERTY FEATURES
This property is located within walking distance to the Mars Marina and Chemong Lake. With the ability to convert the basement into a secondary suite, this property allows the Investor many exit strategies as well as the perks of a summer rental or flip!!
  • 3 bedrooms 
  • 2 full bathrooms
    • 4-piece bathroom on main floor
    • 3-piece bathroom in basement
  • Built in 1975 (as per MPAC)
  • Above grade: 1187 sq ft (as per MPAC)
  • Partially finished basement: 1170 sq ft (as per MPAC)
    • Ceiling height is approximately 7.3 ft (Buyer to verify)
    • Cold cellar area
    • Sump pump
  • Separate entrances:
    • Front door to main entrance way
    • Back door to staircase that leads to the basement, or directly to kitchen area
    • Access to backyard through garage
  • Flooring is a mix of hardwood, tile, and carpet
  • 2 wood-burning fireplaces (in living room & basement)
  • 200 AMP breaker panel
  • Central AC unit was installed in 2018 (as per Seller)
  • HE gas furnace was installed in 2018, and electric baseboard heating was removed (as per Seller)
  • HWT is owned and is approximately 5-years-old (as per Seller)
  • Windows have not been updated since current owners took possession (likely 24-years-old, as per Seller)
  • Roof was updated in 2006 with 25-year shingles (as per Seller)
  • Drilled well
  • Septic (last emptied 4-years-ago, as per Seller)
  • Backyard features:
    • Storage shed
    • Patio deck area
    • Fire pit
    • Apple trees and raspberry bushes
  • Wood storage room, with side-of-house access area to slide wood in
  • 1-car, attached garage with access to backyard, but no direct access to the house (306 sq ft, as per MPAC)
  • 3-car parking on private, paved driveway
  • Property taxes: $1957.10/year (as per Seller)
  • Lot size: 100 ft x 150 ft (as per MPAC)
  • Site area: 0.35 acres (as per MPAC)
  • Zoning: R1 (as per MPAC)
    • The Township of Selwyn allows secondary suites within a single, detached property. (see HERE – pg 84) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updating
  • Option to convert basement into a legal secondary suite (Buyer to verify)

 

Please click HERE for more pictures and information.

Price:
$500,000
Address:
Young St & Robinson Rd
Peterborough, ON
Square Feet:
1187
Lot Size:
100 ft x 150 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1975
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location