Century Church Airbnb or Flip in Tweed!! Assigned

  • $325,000
  • 2 beds
  • 1 baths
  • 2124 sqft
Assigned

Originally a church, this 2 bedroom, 1 bathroom, property  is on a 1.27 acre lot and features soaring ceilings, a loft area, pulpit and detached garage. It may need some love but the end result will be the standout property of the town. This property has a distinct character and could be an amazing flip or Airbnb opportunity. Similar church rentals are the talk of their respective towns and Tweed could be the next town with its own church Airbnb! Click each title below for small town, church rentals that have made the news and are cash cows!!

PEC Church: This church is $1,000+/night in the summer and consistently booked up. It is only slightly larger and sleeps 8 people in 3+1 bedrooms. We believe, when finished, our property can be just as appealing and sleep more guests.

Camlachie Chapel
Woodville Church

All of these churches are great examples of Airbnbs that have provided cashflow. Although our property needs work, we believe that once finished, it will have both a better curb appeal and layout than most options as rentals. Unlike most converted churches, our property still has a steeple in great shape and provides the charming church look that many of these Airbnbs are missing. Don’t miss on your chance for the most unique Airbnb in Tweed!

We are selling our assignable purchase contract.

Closing is May 28th, 2021
SUGGESTED highest & best use!
We believe that the best use of this property will be to convert it into a luxury Airbnb stay. Current:
Main floor has 2 bedrooms, 1 bathroom, kitchen, living/dining area, and  unused pulpit.
Loft: Bedroom
Basement: UnusedFuture Possibility:
Convert into 5-6 bedrooms and 2 bathrooms. This may be possible by extending the loft area further out, leaving more room under the loft and room for 2-3 bedrooms in the loft area. This will allow the Investor to keep a large, open living space. If a custom kitchen were to be installed in the pulpit area, this would be a jaw dropping feature bound to bring in more revenue.

The 1.27 acres and beautiful exterior also create the ability for the Investor to have more profit. Use the outdoor areas to create a lounging and activity area, such as a fire pit, picnic area, pond, or games such as horse shoes, bocci ball, etc. Let your imagination run wild with the endless possibilities that this stunning church provides!!
PROPERTY FEATURES

This stunning church provides the Investor with the ability to create either a single-family flip or turn this 1.27 acre property into an incredible Airbnb fit for events, getaway weekends, and so much more. With no backyard neighbours and tons of space to create outdoor spaces, this property is the perfect opportunity to create a unique and cash flowing rental property!

  • 2 bedrooms + loft
    • Spacious loft area currently being used as a third bedroom
    • Loft area quite large and overlooks the main floor (Buyer to verify)
      • One bedroom, laundry room, bathroom, and 2 storage closets are directly below the loft area
  • 1 full bathroom
  • Built in 1878 (renovated in 2003, as per MPAC)
  • Above grade: 2124 sq ft
  • Basement: 2124 sq ft (as per MPAC)
    • The basement is currently only accessible through outside door (see HERE). We did not access the basement during our walkthrough.
    • According to the Seller, the basement is actually less than half the sq ft of the main floor
  • Propane stove in kitchen
  • 3 separate entrances (2 to main house, 1 to basement)
  • Large vestibule between front door and entrance
  • 200 AMP breaker panel
  • HE gas furnace is not currently being used as the Seller does not want to pay for gas (unknown age, as per Seller)
  • Electric baseboard heating in some areas
  • The Seller currently uses a wood fireplace and space heaters for heat
  • HWT is owned (installed 2008, as per Seller)
  • Drilled well
  • Septic tank was last emptied 4-years-ago (as per Seller)
    • The Seller plans to empty the tank again before closing but they are not contractually obligated to 
  • Windows have not been updated by the Seller (crosses appear in windows with frost)
  • Steel roof has not updated by the current Seller (there are some minor leaks, should be repaired)
  • Pulpit area does not have insulation but does have updated roofing(see HERE)
  • 1-car, detached garage with carport 
    • Small roofed storage attached to garage (see HERE)
  • 6-car parking on driveway
  • Site area: 1.27 acres (no backyard neighbours!)
  • Lot size: 202.73 x N/A (irregular lot)

PROPERTY NEEDS

  • Roof needs some repairs
  • Cosmetic updating

 

Please click HERE for more information and pictures.
Price:
$325,000
Address:
Barry Rd & Queensborough Rd
Madoc, ON
Square Feet:
2124
Lot Size:
1.27 acres
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1878
Basement:
Unfinished

Call 647-370-0820 for more details

Property Location