Raised Brick Bungalow on 10 Acres in East Gwillimbury with a Workshop, Stable, and More!! Assigned

  • $1,174,999
  • 5 beds
  • 2 baths
  • 1196 sqft

Owned and well-maintained by the same family for 45 years, this 10 acre property features a 5 bed, 2 bath raised brick bungalow with a 27 ft, above ground pool, fully functioning workshop/autoshop, a 4-stall stable, chicken/turkey run, paddocks, storage sheds, vegetable garden, fruit trees, attached greenhouse and more! Situated just North of the city and close to all main roads, attractions and highways, this is the perfect mixed-use property to truly get the best of both worlds. The average 5 bed, detached house price in this highly sought after area of East Gwillimbury is $1.3M+, and at only $1,174,999, you can’t pass up the opportunity to flip this profit producing property in an area with high demand and low inventory!!

We are selling our assignable purchase contract.

Closing is April 1st, 2021
**As per our APS, the Seller is permitted to extend the closing date once by 30 days upon giving proper written notice to the Buyer.*

PROPERTY FEATURES
  • This property is situated on 10.07 acres! It has been owned by the same family for 45 years and the current Seller inherited the property in 2015.
  • 5 bedrooms
    • 3 bedrooms are located on the main floor of the house
    • 2 additional bedrooms are located in the attached garage that has been converted to a living area (we are unsure if there are permits for this as the Seller’s father converted the space years ago) 
      • One of these bedrooms needs to be finished with doors and a closet 
  • 2 bathrooms
    • Full bathroom on main floor
    • Half bath in basement (there is space to make it a full bath) — has jack & jill access from laundry room and living-dining area
  • Built in 1965 (brick exterior was redone 25-year-ago, as per Seller)
  • Above grade: 1196 sq ft + sq ft from garage bedroom extension (we believe it is closer to 1500 sq ft now)
  • Basement: 1196 sq ft
    • Finished area of the basement includes a kitchen, living and dining area, and a half bath 
    • Cellar for stays cool all year round
      • Ceiling height of 7.438 ft (in finished area)
      • Ceiling height of 8.258 ft (in unfinished area, laundry/furnace room)
      • Cellar ceiling height of 5.262 ft
  • Quartz counters installed in main floor kitchen within the last 5 years (as per Seller)
  • Most light fixtures were replaced in 2015 (as per Seller)
  • Flooring is laminate, tile, and carpeting
    • Laminate was professionally installed in the main floor 4-months-ago, and 1-month-ago in the basement (as per Seller)
  • Separate entrances:
    • Front door to living room
    • Sliding glass doors from backyard patio to mudroom
    • Basement has access to the attached garage (being used as storage since part of it has been converted to bedrooms); which has a separate entrance to the driveway
    • Backyard steps lead to laundry room/furnace room in basement
  • 200 AMP breaker panel
  • Oil furnace (we recommend this be replaced with a propane furnace)
    • Oil furnace is older, but the oil tank is from 2018
  • Wood stove/furnace in unfinished portion of basement
  • HWT is owned (installed in Summer of 2015, as per Seller)
  • Central AC (apart from the two newly added rooms in the garage area)
  • Sump pump in basement
  • 9 stage, reverse osmosis water softener and heater are owned (installed in 2015, as per Seller)
  • Dug well & septic (septic was pumped 2-months-ago, as per Seller)
  • Roof was updated in 2015 with 30-year-shingles (as per Seller)
  • Eavestrough and siding were updated in 2015 (as per Seller)
  • 2-car, attached garage (no longer has room to park cars)
    • Part of the garage was converted into two bedrooms, with the remaining footage being used as a separate storage space with access to interior via stairs to the basement
  • Crescent shaped driveway with parking space for 10+ cars
  • Straight driveway directly to workshop with additional parking

OUTDOOR FEATURES
PLEASE SEE LEGEND OF STRUCTURES HERE

  • 27ft above ground pool installed June of 2020 (as per Seller)
  • Greenhouse attached to the left side of house (only accessible from exterior)
    • We believe this could be easily removed as it is just attached to the side of the house
    • Fig tree in greenhouse was brought over from Italy
    • Peach, cherry and apple trees throughout the property
  • Three paddocks with wood and electrical fencing
    • Run-in is 2-months-old
  • 4-stall stable with external tack room and workshop attached
    • There is also an added storage area attached to front of the stables
  • Workshop (new space heater, as per Seller)
    • There is an addition being built onto the workshop (will need to be finished; no permits necessary as considered renovating/replacing an already existing structure, as per Seller
    • Access to workshop from exterior as well as through the stables
  • Diesel tractor is included (comes with all tractor implements)
  • Hay storage outside of stables/workshop (12 ft x 20 ft, as per Seller)
  • Chicken/turkey run
  • Trails throughout the uncleared portion of the property
  • Large storage area roof has partially collapsed
  • Lot size: 650.33 ft frontage (irregular lot)
  • Zoning: RU (see HERE, map 9)
    • We believe this zoning allows for an accessory apartment (see HERE, page 107) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updating
  • The Investor could turn one of the paddocks into an indoor riding arena for a larger profit
  • The Investor could convert the basement into an accessory apartment and/or convert the workshop/stables into a coachhouse(Buyer to verify)

Please click HERE for more information.

Price:
$1,174,999
Address:
Warden Ave & Ravenshoe Rd
Queensville, ON
Square Feet:
1196
Lot Size:
10.07 Acres
Bedrooms:
5
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1965
Basement:
Partially Finished

Call (647) 400-2093 for more details

Property Location