Bungalow Teardown or Flip For Only $30,000 In South Dundas! Assigned

  • $30,000
  • 4 beds
  • 1 baths
  • 700-1,099 sqft
Assigned

 

Whether you are looking to take on a top-to-bottom reno project or start fresh with a new build, this very affordable property will allow you to capitalize on an ultra-low cost entry point. An average comparable lot (including well and septic) without a building costs approximately $60,000, and in addition to buying the lot at nearly 50% below market value, the house structure – though gutted to the studs – allows you to potentially secure a conventional mortgage on the property. As a cherry on top, the tin roof is only 2-years-old and would be usable in the renovation or as material for the rebuild. Not only would this be a great flip or teardown, this property could also be used as a storage rental as the steel roof would keep everything dry. This is the sound of opportunity knocking…are you going to answer?

We are selling our assignable purchase contract.

Closing is April 23rd, 2021

PROPERTY FEATURES

  • 4 bedrooms
  • 1 bathroom
  • Built in 1959
  • Above grade: 700-1,099 sq ft
  • Dug well
  • Septic (original, as per Seller)
  • Shed in backyard
  • Tin roof is 2-years-old (as per Seller)
  • Lot size: 132 ft x 97 ft
  • Site area: 0.25 acres
  • Zoning: RU

PROPERTY NEEDS

  • The property has been completely gutted but the tin roof is 2-years-old and can be saved and reused on a new project.
  • The Buyer has the option to build a new home on the property.
  • The Buyer has the option to use the property as a storage rental.
  • There is no electricity, flooring, plumbing, or heat source in the property.
Price:
$30,000
Address:
Dundela Rd
South Dundas, ON
Square Feet:
700-1,099
Lot Size:
132 ft x 97 ft
Bedrooms:
4
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1959

Call (647) 400-2093 for more details

Property Location