!!IN-LAW SUITE POTENTIAL!! Semi-Detached Bungalow in One of Burlington’s Most Sought-After Neighbourhoods!! Assigned

  • $899,999
  • 3 beds
  • 2 baths
  • 1093 sqft
Assigned
Located on a quiet crescent in Burlington’s desirable Shore Acres community, this semi-detached is brimming with value-add options, from cosmetic makeover to basement apartment retrofit!! This property sits on a wide, pie-shaped lot that expands at the back, and offers a wide driveway to accommodate multiple vehicles tandem and side-by-side. A side entrance, a superior basement ceiling height, plus 2 kitchens spell out opportunities for 2-unit conversion (Buyer to verify). Down the road there’s the bus line, QEW, gas station, parks, grocery stores, Starbucks, and numerous amenities. Family friendly area with very few sales on this crescent, the last being in late 2020 when another semi bungalow sold for $810,000 — prices are up at least 50% since that date!! This bungalow offers a lot of room to force appreciation, increase equity, and resell in a depleted market where semis command $1,200,000+ in fully renovated condition. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is June 7th, 2022
*As per our APS, Seller agrees to include any boxed appliances, except for the washer and dryer, and construction and fencing materials that are in good working order in the subject property on closing.*
————-
THE SELLER ALSO HAS THE OPTION TO CHOOSE 1 OF THESE 2 CLAUSES:

**As per our APS, the Buyer agrees that the Seller may advance the closing date 1 time as early as 75 calendar days, at no penalty to the Buyer or Seller, provided the Seller gives the Buyer notice in writing at least 14 calendar days before the amended closing date.**

OR

***As per our APS, the Buyer agrees that the Seller may extend the closing date 1 time by up to 30 calendar days, at no penalty to the Buyer or Seller, provided the Seller gives the Buyer notice in writing at least 21 calendar days before the amended closing date.***

PROPERTY FEATURES
Please note: The Seller represents and warrants that the back addition and rear workshop were inspected by the building department at some moment in time and are in compliance with existing or previously existing zoning bylaws (legal non-conforming use).
  • 3 bedrooms
  • 2 full bathrooms
    • 4-piece bathroom located on the main floor
      • Open walls in bathroom exposing plumbing– possible plumbing repairs needed (Buyer to verify)
    • 4-piece bathroom located in the basement (is not fully finished, as per Seller)
  • Built in 1968
  • Above grade: 1093 sq ft (as per MPAC)
  • Partially finished basement: 1083 sq ft (as per MPAC)
    • Basement features kitchen, unfinished bathroom and space for at least 1 bedroom
    • Separate entrance leads directly into the basement
    • Partially finished now since Seller removed some wall panelling and was attempting to hang drywall
    • Basement was waterproofed after water entered the basement last year, and the membrane is visible from the outside (as per Seller)
  • Built-in stainless steel oven, and all appliances will be included
  • Hardwood floors on the main level
  • 100 AMP breaker panel
  • Gas furnace is owned, and is 3-years-old (as per Seller)
  • HWT is owned, and is 5-months-old (as per Seller)
  • Central AC is hooked up to the accessory workshop (Buyer to inspect and use at their own discretion)
  • Water softener
  • Central VAC
  • Roof is 15-years-old (as per Seller)
  • Front porch seems to be in good condition (Buyer to verify)
  • New front exterior door (as per Seller)
  • Accessory buildings (Buyer to verify if permitted)
    • Rusted out aluminum shed
      • The Seller will be ripping this structure down prior to closing (as per our APS)
    • Small toolshed with hydro
    • An uninsulated back addition
    • Oversized workshop with hydro
  • All brick exterior 
  • Private driveway can accommodate 6 cars
  • Lot size: 25 ft x 111.68 ft (as per MPAC)
  • Zoning: RM1 (as per MPAC)
    • In the Thorold Zoning Bylaw, the RM1 zone permits a duplex or triplex dwelling, so long as it meets all requirements (see HERE). It does not explicitly state whether or not a basement apartment/in-law suite would be allowed — Buyer to verify
  • Vacant possession
    • House will emptied and decluttered of all debris and Seller’s belongings, however construction materials and fencing will be left behind for the Buyer

PROPERTY NEEDS

  • Full cosmetic updating
  • Possibly repair some DIY electrical and update to ESA standards
  • Option to finish basement and convert to a secondary suite (Buyer to verify) 

 

Please click HERE for more pictures and information.

Price:
$899,999
Address:
Fairview St & Walkers Line
Burlington, ON
Square Feet:
1093
Lot Size:
25 ft x 111.68
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1968

Call 647-370-0820 for more details

Property Location