!!FAST CLOSING!! Fixer-Upper Bungalow In Norfolk County (5 Min Drive To Lake Erie & 25 Min West Of Simcoe)!! Assigned

  • $220,000
  • 2 beds
  • 1 baths

A fully detached property for under $250,000?! Yes, you read that correctly!! This property is available in southwestern Ontario in Clear Creek, a quiet hamlet in Norfolk County in close proximity to Lake Erie and an easy commute to growing real estate markets Simcoe, Tilsonburg, and Delhi! The front section of this generously sized bungalow is entirely open concept and feels like an expansive studio apartment. At the back is the kitchen and the master bedroom, which walks into a children’s playroom nook. The laundry is also located on the main floor with a side door by the kitchen leading out to a side yard deck. This is a hard find nowadays in Ontario, and that means this is a refreshing opportunity to flip a detached home without the burdensome transaction costs an investor experiences in the GTA. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is October 28th, 2021
*As per our APS, the Buyer agrees to reimburse the Seller for the Seller’s legal costs amounting to a maximum of $1500 CAD (HST included).*

**As per our APS, the Buyer agrees to contribute $7,500 CAD to the furnace and AC buyout. Any excess costs will be paid by the Seller.**

***Please note: After signing the APS, the Seller noted they would like to leave behind the gym equipment, playground set, pool, and lawnmower. This is a verbal agreement and can be added in writing if the Buyer would like.***

PROPERTY FEATURES
  • 2+den (3 bedrooms, as per old listing)
    • The old listing classifies this property as 3 bedrooms, but we’d label it as a 2 plus den since the 3rd bedroom is only accessible through the master
  • 1 full bathroom
  • Built in 1957
  • Above grade:
    • MPAC did not provide a report of this property
    • Our Acquisitions Rep estimates the main floor is close to 1,300 sq ft (Buyer to verify)
  • The back half of this house starting from the kitchen is an addition (as per Seller)
    • We suspect the addition was done over 40-years-ago since the shingle siding all matches (Buyer to verify)
  • Partial basement is unfinished and slightly wet on one side
    • Our Acquisitions Rep believes this is due to poor grading along the outside foundation (Buyer to verify)
  • Ensuite laundry off of kitchen
  • Laminate floor at front of house was installed approximately 3-years-ago (as per Seller)
  • All appliances are included
  • The Seller has verbally stated they will leave a children’s jungle gym, aboveground pool, workout machine, and lawnmower for the Buyer
  • 100 AMP breaker panel
  • Gas furnace (2021) and central AC are rented, but will be paid out on closing
    • The Buyer is to contribute up to $7,500 towards buyout, if applicable. Any excess costs will be paid out by the Seller (as per the APS)
  • HWT is rented
  • Water softener is included and owned (as per Seller)
  • Roof was redone in 2009 (as per Seller)
  • Most windows are in decent condition
  • Exterior siding is in good condition
  • Private driveway is gravel and fits 4+ vehicles
  • Dug well is 21 ft deep and was completed in 1963 (as per well records)
  • Septic
  • Concrete block foundation
  • Lot size: 5231 sq ft (as per Geowarehouse)
    • As per Geowarehouse, this lot is approximately 48 ft x 108 ft (Buyer to verify)

PROPERTY NEEDS

  • Cosmetic updating
  • Grading alongside house

 

Please click HERE for more pictures and information.

Price:
$220,000
Address:
Concession Rd 6 & The Fairground Rd
Clear Creek, ON
Lot Size:
5231 sq ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1957
Basement:
Unfinished

Call (647) 400-2093 for more details

Property Location