!!QUICK CLOSE!! 3 Bedroom, 2 Bathroom Bungalow Flip or Rental Opportunity in Nepean!! Assigned

  • $640,000
  • 3 beds
  • 2 baths
  • 1100-1499 sqft
Assigned

This 3 bedroom, 2 bathroom, bungalow is located in a fantastic area of town; with quick access to the Queensway via Pinecrest/Greenbank, commuting within the city will be a breeze. It is also located near IKEA and all other amenities that Nepean has to offer, while still being able to provide you some peace with its placement on a quiet, residential street. The property itself is in great shape, with all major repairs and upkeep having been completed in the last 10 years (furnace, AC and roof). It also features a fenced-in backyard, as well as an attached garage. You will also find a separate entrance which leads down to the basement — featuring 7 ft ceilings, this creates a perfect opportunity for an Investor to easily convert this space to an SDU (Buyer to verify). Only minor cosmetic updating is required throughout the rest of the house from an Investor, making this a straightforward and fantastic flip or rental opportunity that you will not want to miss out on!!

We are selling our assignable purchase contract.

Closing is March 31st, 2022
*As per our APS, the Buyer and Seller agree that the Seller will be permitted to remain in the property until April 3rd, 2022 at 6:00pm. Utilities will remain in the Seller’s name until vacant possession is provided. $20,000 CAD will be held back from the sale proceeds by the Seller’s lawyer in trust. Once the Seller has vacated the property, the holdback shall be released to the Seller within 2 business days. If the Seller does not vacate by April 3rd, 2022, the $20,000 CAD holdback will not be provided to the Seller, but rather will be released to the Buyer on April 4, 2022.*

**As per our APS, the Seller is allowed to leave a few items in the house after closing, such as furniture, clothes, books, etc.**

***As per our APS, notwithstanding any other provisions of the present agreement of purchase and sale, the Buyer(s) acknowledges that the Seller(s) is selling the subject property and premises on an “as-is, where-is” basis, subject to no warranties of any nature of kind whatsoever — express or implied.***

PROPERTY FEATURES

  • 3 bedrooms
  • 2 bathrooms
    • 4-piece bathroom located on the main floor
    • 2-piece bathroom located on the main floor
  • Built in 1967
  • Above grade: 1100-1499 sq ft (as per MPAC)
  • Basement: 1100-1499 sq ft (as per MPAC)
    • Ceiling height: ~7 ft (Buyer to verify)
    • Separate entrance leads directly into the basement
    • Laundry area is located in the basement
  • Flooring: hardwood, carpet, tile
  • Wood burning fireplace is used regularly (as per Seller)
  • 100 AMP fuse panel
  • Gas furnace (as per Seller)
  • HWT is rented (as per Seller)
  • Central AC is 5-years-old (as per Seller)
  • Roof is 10-years-old (as per Seller)
  • 1-car, attached garage
  • Parking for 3 cars on the driveway
  • On municipal services
  • Lot size: 50 ft x 100.98 ft (as per MPAC)
  • Zoning: R1O (as per MPAC)
    • In the Ottawa Zoning Bylaw, the R1 zone permits a secondary dwelling unit under Part 5, Section 133, so long as it meets all requirements (see HERE) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updating

Please click HERE for more pictures and information.

Price:
$640,000
Address:
Ottawa Regional Rd 16 & Morrison Dr
Nepean, ON
Square Feet:
1100-1499
Lot Size:
50 ft x 100.98 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1967

Call 647-370-0820 for more details

Property Location