Bungalow Flip or Rental Opportunity Near Lake Erie In Ridgeway (Niagara Region)!! Assigned

  • $475,000
  • 3 beds
  • 2 baths
  • 1213 sqft

This detached bungalow is very well-maintained and rests at the quiet end of a residential burb in Ridgeway, a small village within minutes of the Lake Erie shoreline. This home is across from a large, open yard offering tranquility and a feeling of seclusion. Being a suburb, there is a sense of community, yet the house isn’t crammed onto a narrow lot. Rather, the opposite: the lot size is over 85 feet wide and the backyard is enclosed with a high, newly-built, wood fence. As a bonus, this 1-storey is over 1,200 sq ft above grade, with 3 bedrooms, in addition to a full basement. The property is also less than a 10-minute walk to a Great Lake, and less than a 10-minute drive to downtown Fort Erie. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is April 27th, 2021
**As per our APS, the Seller has the ability to shorten the closing date to as early as 30 days earlier than the original closing date, given that they provide at least 3 weeks notice to the Buyer.** 

PLEASE noteThis basement is partially unfinished due to a severe rainstorm (and an inactive sump pump) that occurred in late 2019. The Sellers made an insurance claim and repairs are in progress. Due to COVID, the Sellers did mention the final phase of work may be delayed and since we’re buying this property as-is at a proper discount, our APS does not require the basement be finished. While the Sellers will attempt, in good faith, to have the work completed by their insurance on closing, these renovations are not contractually guaranteed by our company or the Seller. This contingency is reflected in our wholesale price listed above. Rest assured, the basement is now dry, the sump pump fixed (see HERE), and there is no mold or mildew apparent (Buyer to verify).
PROPERTY FEATURES
  • House is 25-years-old (built in 1996)
  • 3 bedrooms + den in basement
    • Master bedroom has his and her closets
  • 2 full bathrooms 
    • Basement bathroom needs to be finished — this may happen if the insurance renovations are finished before closing
  • Above grade: 1213 sq ft (as per MPAC)
  • Basement: 1213 sq ft (as per MPAC)
    • Basement ceiling height is at least 7 ft — bulkheads are about 6’5” (Buyer to verify)
    • Fully insulated (as per Seller) 
    • 1 den with closet
    • Basement is externally waterproofed (as per Seller) 
  • Separate side entrance to basement
  • 2 front windows and front door are brand new and high quality
  • Vaulted ceiling in living room
  • Sump pump now comes with with 2 battery backups (see HERE)
  • Plumbing is PEX and copper
  • City water and sewer
  • 100 AMP breaker panel (ESA certified by previous owner)
  • HE gas furnace from December 2019 (as per Seller)
  • Central AC is owned
  • HWT is at least 10-years-old and is owned (as per Seller)
  • Roof is approximately 5-years-old (as per Seller)
  • Poured concrete foundation
  • Backyard includes:
    • New wraparound wood fence (see HERE)
    • New shed with metal roof in backyard (see HERE)
    • Wood deck off side entrance
    • Yard has a gravel base laid for a stone patio
  • 1-car, attached garage (manual door) with exterior exit to backyard
  • Driveway was widened by Seller and fits 4-6 cars
  • Lot size: 87.50 ft x 105.35 ft
  • Lot is one of the widest recently available for sale!!
  • Zoning: ND (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating
  • Finish basement
Price:
$475,000
Address:
Thunder Bay Rd & Shirley Rd
Ridgeway, ON
Square Feet:
1213
Lot Size:
87.50 ft x 105.35 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1996

Call (647) 400-2093 for more details

Property Location