Bungalow Flip or Secondary Suite Opportunity on a Premium Lot in Scarborough!! Assigned

  • $830,000
  • 4 beds
  • 2 baths
  • 700-1099 sqft

A dated yet very well maintained property, this 2+2 bedroom, 2 bathroom bungalow is an incredible investment opportunity! Close to all amenities, major thoroughfares and, situated on a premium pie shaped lot backing onto a ravine (no backyard neighbours!), this property is begging to be brought up to its full potential. With a separate side entrance, 2 bedrooms, a bathroom, the basement unit could easily be converted into a secondary suite! An addition to the detached garage was added in 2014 featuring high ceilings, insulation, and electricity, creating a possibility for a coach house once Toronto is forced to amend its Bylaws due to Bill 108! Despite being close to a main road this property is very quiet, private and features a large, enclosed backyard with storage – a rare gem in this part of the city. Don’t miss out on this rental or flip opportunity!!

We are selling our assignable purchase contract.

Closing is August 30th, 2021

 

Please click HERE for more information and pictures.

Price:
$830,000
Address:
Lawrence & Birchmount
Scarborough, ON
Square Feet:
700-1099
Lot Size:
40.06 ft x 128.8 ft
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1953
Basement:
Full, Finished

Additional Features

PROPERTY FEATURES 2+2 bedrooms 2 full bathrooms Built in 1953 Above grade: 700-1099 sq ft (as per MPAC) We believe this property is 1000+ sq ft (Buyer to verify) Basement: 700-1099 sq ft (as per MPAC) Full, finished basement 2 bedrooms 1 full bathroom Ceiling height of 7.076 ft Separate entrance leads to split staircase to kitchen and to downstairs unit 100 AMP breaker panel updated 2011 Gas furnace (installed in 1993, as per Seller) HWT is owned (installed in 2006, as per Seller) Central AC (age unknown) Roof and windows have not been updated by this Seller The Seller purchased the property in 2014 2-car, detached garage The Seller added an addition to the 1-car garage in 2014 The addition has high ceilings (approximately 12 ft, as per Seller) Is insulated and has electricity Could be a coach house after bylaws are amended due to Bill 108, but could currently be rented out as a workshop or storage 3 private parking spaces Lot size: 40.06 ft x 128.8 ft Irregular pie-shaped lot: 65.08 ft along ravine Zoning: RD*1461 This zoning allows for a secondary suite, please see HERE (Buyer to verify) PROPERTY NEEDS Full cosmetic renovation

Call (647) 400-2093 for more details

Property Location