Raised Bungalow Flip or Rental Opportunity in Belleville!! Assigned

  • $365,000
  • 3 beds
  • 1 baths
  • 930 sqft
Assigned

Belleville is in desperate need of more rental properties, which makes this raised bungalow the perfect investment opportunity!! Located in the heart of downtown Belleville, with quick access to all local amenities, transit, as well as the 401, you truly cannot find a more convenient or sought after location. Featuring 3+1 bedrooms, 1 bathroom, hardwood flooring, a sunroom, 2 sheds, and a very deep lot with a separate entrance already installed, giving you the option to create a secondary suite, this property has a license to print profit. All properties in the area are selling quickly, and above asking, with low inventory and high demand for rental properties — this is an excellent time to invest. The average detached house price in Belleville is $540,000, up 44% over last year and continuing to grow. At only $365,000, this incredible income property is not to be passed up!!!

We are selling our assignable purchase contract.

Closing is September 8th, 2021
PROPERTY FEATURES
  • 3+1 bedrooms 
  • 1 full bathroom
  • Built in 1952 (as per MPAC)
  • Above grade: 930 sq ft (as per MPAC)
  • Partially finished basement: 930 sq ft (as per MPAC)
    • Ceiling height is approximately 6.5 ft (Buyer to verify)
    • Gas stove located in basement, where fireplace used to be (as per Seller)
    • Carpet in the basement was recently pulled up with the intentions of putting down new flooring, but this project has not been completed (as per Seller)
  • Separate entrances:
    • Front door to living room
    • Back door to sunroom
    • Back door to landing (down to the basement, or up to kitchen/dining area)
  • Sun room located at the back of the property
  • Flooring is a mix of hardwood, and tile throughout the property
  • 100 AMP breaker panel (as per Seller, Buyer to verify)
  • Gas furnace is owned, approximately 15-years-old (as per Seller)
  • HWT is owned, and was installed 6-years-ago (as per Seller)
  • No central AC
  • Windows were updated 12-years-ago (as per Seller)
  • Roof was updated 10-years-ago (as per Seller)
  • 2 sheds on the property will be included
  • On municipal services
  • 4-5 car parking on private, interlock driveway
  • Front step of the house has sunk a little, and could use repair (as per Seller)
  • Property taxes: $3000 per year (as per Seller, Buyer to verify)
  • Lot size: 53.5 ft x 152.43 ft (as per MPAC)
  • Site area: 8155 ft (as per MPAC)
  • Zoning: R2-3 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating

 

Please click HERE for more pictures and information.
Price:
$365,000
Address:
Victoria Ave & MacDonald Ave
Belleville, ON
Square Feet:
930
Lot Size:
53.5 ft x 152.43 ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1952
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location