!!QUICK CLOSE!! 2-Storey Flip or Rental in Espanola!! Assigned

  • $195,000
  • 3 beds
  • 2 baths
  • 1712 sqft
Assigned
Looking for a starter property to kick off your investment journey? Look no further!! At only $195,000, this 2-storey in Espanola features over 1700 square feet of above grade living space, 3 bedrooms, 2 bathrooms, 4-car parking, sunroom, on a large lot. Located in a hot area for cottages and rentals, this is a great place to quickly make a profit from rental, or flip after upgrades are complete. With low inventory and high demand, this is the perfect time to jump on this property at a steal of a price!! The average detached house price in the greater Sudbury area is $410,612 — up 36.7% over last year!! At only $195,000 you can’t pass up the opportunity to make a massive profit on this rare two-storey property just outside of Sudbury!!

We are selling our assignable purchase contract.

Closing is June 28th, 2021
**Please Note: The property is currently vacant as the Seller lives out of town to be closer to an ill family member. Due to the distance of the property from both the Seller and our Acquisitions Rep, we were not able to enter the property.**

PROPERTY FEATURES
Please note, as our Acquisitions rep was not bale to enter the property due to distance, much of the information is as per Seller and should be verified by the Buyer. 
  • 2-storeys
  • 3 bedrooms
  • 2 full bathrooms
    • 4-piece bathroom
    • 3-piece bathroom
  • Built in 1912 (renovation year listed as 2010, as per MPAC)
  • Above grade: 1712 sq ft (as per MPAC)
    • First floor: 856 sq ft (as per MPAC)
    • Second floor: 856 sq ft (as per MPAC)
  • Basement: crawl space 
    • Accessed from inside the house (as per Seller)
    • Ceiling height of approximately 6 ft (as per Seller)
  • Separate entrances:
    • Front door opens to main entrance way
    • Back door leads into the sunroom
  • Second floor underwent a cosmetic update in 2019 (as per Seller)
  • Flooring is a mix of laminate, carpet, and tile
    • Second floor flooring installed 3-4 years before current Seller took ownership in 2019 (as per Seller, Buyer to verify)
  • Property does not have a stove, though all other appliances are included
  • Fuse panel (unsure of the amperage, as per Seller)
  • Electric baseboard heating (as per MPAC)
  • HWT is rented, and was installed in 2020 (as per Seller)
  • No central AC
  • Windows were updated 3-4 years before the current Seller took ownership in 2019 (as per Seller, Buyer to verify)
  • Roof was updated 3-4 years before the current Seller took ownership in 2019 (as per Seller, Buyer to verify)
  • On municipal services
  • Water and sewage cost approximately $100/month (as per Seller)
  • Large backyard
  • Parking for 4 cars on the driveway
  • Property taxes: ~$1900/year (as per Seller)
  • Lot size: 60 ft x 90 ft (as per MPAC)
  • Zoning: N/A (as per MPAC)
    • After looking at the Espanola zoning map (see HERE & HERE), we believe that this property is zoned R2 (Buyer to verify). Permitted uses are outlined in the Espanola Bylaw (see HERE, pg. 6-1) — Buyer to verify

PROPERTY NEEDS

  • Full cosmetic update

 

Please click HERE for more pictures and information.

Price:
$195,000
Address:
2nd Ave & Mead Blvd
Espanola, ON
Square Feet:
1712
Lot Size:
60 ft x 90 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1912
Basement:
Crawl space

Call (647) 400-2093 for more details

Property Location