Lakefront Rebuild or Major Flip in Kawartha Lakes!! Assigned

  • $320,000
  • 2 beds
  • 1 baths
  • 746 sqft

This bungalow fixer-upper isn’t simply about “the bones”; it happens to back onto the sun-kissed shores of Lake Scugog with a 50 ft x 145 ft lot footprint. This is the perfect property for an investor to tear-down and rebuild, an end-buyer’s cottage retreat, or have a profitable vacation rental or Airbnb. Across from Wolf Run Golf Club, LCBO, and only 15 minutes to downtown Lindsay, this property is surrounded by renovated homes and comes at an impressive price! Lots of comps available to indicate this area of Kawartha is active during a time where demand for cottage land is now at an extreme high!!

We are selling our assignable purchase contract.

Closing is October 5th, 2020

Please click HERE for more information and pictures.

Price:
$320,000
Address:
McGill Dr
Janetville, ON
Square Feet:
746
Lot Size:
50 ft x 145 ft (7250 sq ft)
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1930
Basement:
Crawl Space

Additional Features

PROPERTY FEATURES This property backs directly onto Lake Scugog! (many homes on this drive DO NOT) This house is closer to the water than a new-build would be allowed now, however, we believe that because of the existing footprint a new-build would be allowed where this is house located now 2 bedrooms 1 bathroom Built in 1930 Above grade: 746 sq ft No basement (crawl space access at back of house) Back deck overlooking lake Owner used to have an old dock, but tore it down when it needed replacement 100 AMP breaker panel Hydro and natural gas running to house Natural gas wall unit heater No central air Hot water tank is not included Holding tank Shared well 2 sheds on lot 4-5 car, private driveway Lot size: 50 ft x 145 ft (7250 sq ft) Zoning: SR as per MPAC or RR3 as per the city GIS mapping (please see HERE) PROPERTY NEEDS Option 1: Tear down and build an all-new luxury cottage like 39 McGill Dr (see pictures HERE) Option 2: Full renovation of current structure Entire roof needs to be rebuilt/replaced Full cosmetic and structural renovation

Call (647) 400-2093 for more details

Property Location