Bungalow With Large, Detached Garage on a Double Lot in Arnprior!! Available

  • $285,000
  • 2 beds
  • 1 baths
  • 400-699 sqft
Maximize the bang of your investment buck with this detached bungalow, located in booming Arnprior!! The house is situated on a double-sized lot that contains a large, detached garage. Considering that a vacant, single lot, within the city, sells for around $150,000, any lucky Investor will score the house, the extra lot, and the detached garage for only an additional $135,000!! The extra-large garage could possibly be converted into a coachhouse (Buyer to verify), making a second source of income. It’s hard to go wrong with all of this potential for less than $300,000, so don’t miss out!!
We are selling our assignable purchase contract.
Closing is September 10th, 2021
**As per our APS, the Buyer agrees to assume the current tenant.**
PROPERTY FEATURES

  • Currently being rented for $825/month + utilities, on a month-to-month basis (as per Seller)
    • Please note: The Buyer must assume this tenant (as per APS)
  • 2 bedrooms
  • 1 full bathroom
    • 4-piece bathroom, located on the main floor
      • Laundry is also located in this bathroom
  • Built in 1951
  • Above grade: 400-699 sq ft (as per MPAC)
  • Basement: 0-399 sq ft (as per MPAC)
  • All appliances are included
  • Flooring is a mix of wood and linoleum
  • 200 AMP breaker panel
  • Baseboard heating throughout the property (as per Seller & MPAC)
  • HWT is rented, exact age is unknown (as per Seller)
  • No central AC
  • Large, 1-car, detached garage
  • Parking for 4+ vehicles on the side of the property
  • On municipal services
  • Lot size: 94.00 ft x 107.72 ft (as per MPAC)
  • Zoning: Not listed (as per MPAC)
    • As we do not currently know the zoning of this property, we cannot confirm whether or not the garage is able to be converted into an additional dwelling unit. As per the Arnprior Zoning Bylaw, it states that an accessory building cannot be used for human habitation, or for gain or profit. However, most all zones permit a secondary residential unit — which shall be “located entirely within the same building as the principal use on the same lot, or be wholly located within a detached accessory building”. They also permit garden suites, however it must meet all requirements listed in the bylaw. (see HERE, pg. 32, 37, 49-51) — Buyer to verify

PROPERTY NEEDS

  • Full cosmetic update

 

Please click HERE for more pictures and information.

Price:
$285,000
Address:
James St & Daniel St S
Arnprior, ON
Square Feet:
400-699
Lot Size:
94.00 ft x 107.72 ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1951

Call (647) 400-2093 for more details

Property Location