Semi-Detached House Hack Opportunity in Nepean, ON!! Assigned

This semi-detached house with 2 units is located just 30 minutes south of Ottawa and is an Investor’s dream! Competitively priced and conveniently located near all the amenities that make Barrhaven such a desirable area, you will have prime access to green space, restaurants, shopping, bike paths, and public transit routes. This property boasts an updated interior, and has already been converted into 2 units. Both units will be vacant on closing, leaving the Investor with 2 very profitable rental units! Don’t miss out on this amazing opportunity!

We are selling our assignable purchase contract.

• 2 bedrooms
  • 1 bedroom is located in the upper unit (second floor)
  • 1 bedroom is located in the lower unit (main floor)
• 2 full bathrooms
  • 1 bathroom is located in the upper unit (second floor)
  • 1 bathroom is located in the lower unit (main floor)
• Built in 1977
• Above grade area: 1,100-1,499 sq ft
• Finished basement area: 400-699 sq ft (as per MPAC)
• On a crawl space (as per Seller)
  • We do not believe there is a basement, as the lower level is actually the main floor and is included in the above grade sq ft (Buyer to verify)
• Separate entrances:
  • Front door leads to landing area, with two sets of stairs leading to both units (it is open-concept going upstairs to the upper unit, however there is another door leading to the lower unit)
  • Second front door leading directly to the lower unit
  • Upper unit has sliding glass doors which lead out to balcony space
  • Lower unit also has sliding glass doors which lead to the back patio area
• Flooring is a mix of hardwood and tile
• Both kitchens have had cosmetic updates in the last 10 years (as per Seller)
• Laundry is on the main floor only
• All appliances are included 
• Attached garage was converted into additional living space for bottom unit
• 200 AMP breaker panel
• Gas furnace is approximately 7-years-old and is rented (as per Seller)
• Central AC is rented
• Air purification system is rented
  • Seller will be buying out the furnace, central AC, and air purification rentals before closing (as per APS)
• HWT is rented (age unknown, as per Seller)
  • Buyer must assume the HWT rental (as per APS)
• Roof is approximately 10-years-old (as per Seller)
• All windows are in good condition and some have been updated in the last few years (Buyer to verify)
• Stucco was redone approximately 3-years-ago (as per Seller)
• Storage shed located in backyard
• No rear neighbours
  • This property backs onto a train track. Please note that the train is on one track and travels at slower speeds through the city (Buyer to verify)
• 3 parking spaces available on a paved, private driveway
• Lot size: 32 ft x 100 ft
• Zoning: R2M
  • This zoning allows for a duplex and/or secondary dwelling unit (see HERE – section 157) — Buyer to verify
• Main floor unit is currently being rented for $1500/month (as per Seller)

PROPERTY NEEDS

• Cosmetic updating