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

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.