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

  • $475,000
  • 2 beds
  • 2 baths
  • 1100-1499 sqft

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.

Closing is July 5th, 2021
**The lower unit of this property is currently tenant-occupied (month-to-month). The Seller has agreed that both units will be vacant upon closing.**
**As per our APS, the Seller will be buying out the furnace, central AC, and air purification rentals before closing.**
PROPERTY FEATURES
This property not only allows for a single-family flip but also provides a rental opportunity as well as an incredible house hack opportunity. With 2 fantastic units, the Investor could live on the upper level while renting out the main floor to a tenant. 

  • 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 

 

Please click HERE for more pictures and information.

Price:
$475,000
Address:
Greenbank Rd & Foxfield Dr
Nepean, ON
Square Feet:
1100-1499
Lot Size:
32 ft x 100 ft
Bedrooms:
2
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1977
Basement:
Finished

Call (647) 400-2093 for more details

Property Location