Bungalow Flip or SDU Opportunity in Ottawa’s East End!! Assigned

  • $385,000
  • 3 beds
  • 1 baths
  • 1,185 sqft

Located only 30-minutes to downtown Ottawa, this property is the perfect flip or SDU opportunity for our Ottawa Investors!! This property currently has 3 bedrooms, 1 bathroom, a separate entrance that leads directly to the basement with high ceilings, and ample parking in the driveway. The Investor could decide to create two separate units or simply create an open concept living space and add extra bedrooms to the basement, which will significantly increase the resale value of the property. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is April 9th, 2021
**As per our APS, the Buyer must rent back to the Seller for up to one year. Please see property details for further information.**

 

Please click HERE for more pictures and information.

Price:
$385,000
Address:
Frank Kenny Road & Innes Road
Cumberland, ON
Square Feet:
1,185
Lot Size:
120 ft x 130 ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1976
Basement:
Partially Finished

Additional Features

2+1 bedrooms There is room to convert the main floor to 3 bedrooms 1 full bathroom Built in 1976 Above grade: 1,185 sq ft Partially finished basement: 1,307 sq ft Separate front entrance leads to the basement Flooring is carpet, wood, linoleum and tile 200 AMP breaker panel Electric baseboard heating Pellet stove No central AC On well and septic The pump of the well was replaced in the last 5 years (as per Seller) Septic tank was pumped within the last 2 years (as per Seller) Roof is approximately 5-years-old (as per Seller) Newer windows Built-in, 1-car garage 10+ parking spaces on the paved driveway Very private corner lot Lot size: 120 ft x 130 ft Zoning: AG2 This zoning allows for an SDU (see HERE & HERE) The Seller has requested to rent the property from the Buyer for a period of up to 1 year. The Seller has agreed to pay rent of $1,500/month + utilities. If the Seller does not vacate the premises at the end of the 12 month term, the monthly rent will increase to $4,000 + utilities. PROPERTY NEEDS Cosmetic updating Possibility to convert the basement into an SDU or add a coach house to the backyard

Call (647) 400-2093 for more details

Property Location