Turnkey Bungalow in Stouffville with Private Access to Musselman’s Lake! Assigned

  • $585,000
  • 2 beds
  • 1 baths
  • 824 sqft

Located in a truly stunning area, this turnkey bungalow in the Musselman’s Lake region of Stouffville is not to be missed. Completely updated throughout, this property has 2 bedrooms, 1 bathroom, a storage shed, custom seating (with storage) built into the patio, and a fire pit. This place is beyond cozy and everything a prospective buyer or renter would be looking for. Additionally, access to the lake is only granted to those living in the area and this property comes with a key for private access to enjoy this beautiful area year-round. Unique in that it has no furnace, this property is kept toasty warm by a gas and battery operated fireplace that will continue working through a power outage! There is also electric baseboard heating, however, the Seller has never used it and saves a ton of money on utilities by using the remote operated fireplace. This property is situated near the end of a dead-end street, providing quiet and privacy, and is only a 50 minute drive from downtown Toronto, meaning you can truly have the best of both city and country life with this property! Who needs a cottage when you can live in the country AND enjoy all that the city has to offer within less than an hour commute?! This property also comes with the ability to purchase all furniture for a true turnkey rental opportunity! The average detached house price in this sought-after area of Stouffville is $695,000- $1.2M and at only $585,000, you can’t pass up the opportunity to invest in a turnkey property in a consistently growing area!!

We are selling our assignable purchase contract.

Closing is April 15th, 2021
**As per our APS, the Seller has the ability to extend the closing date by 30 days given they provide proper notice to the Buyer.**

PROPERTY FEATURES
  • This property is near the end of a dead-end street affording lots of peace and quiet and has private access (by key) to waterfront included with the property. The waterfront access is at Fishbone by the Lake, a 7 minute walk from the property.
  • Option to purchase all furniture and two BBQs (as the Seller is leaving the province); perfect for immediate rental income!
  • 2 bedrooms
  • 1 full bathroom (updated by Seller in the last year)
  • Built in 1955 (fully renovated in 2000, as per MPAC)
  • Above grade: 824 sq ft (as per MPAC)
  • Crawl space (no access from inside the property — not in pictures as we were unable to access it)
  • Light fixtures, painting and bathroom were updated by Seller
  • Laminate throughout and tile in bathroom
  • Patio and fire pit installed 3-5 years-ago (as per Seller)
    • Wood patio has built in seating and storage (see HERE)
    • One part of the storage bench has a place to store recycling/garbage/compost and remove it from the side of the house (see HERE)
  • Fire pit comes with a curved, solid rock bench already installed (see HERE)
  • 100 AMP fuse panel (replacement fuses being left by the Seller)
  • Gas and battery operated fireplace
    • Does not use hydro (can be used during a power outage)
    • Costs approximately $60-$90/month (as per Seller) in winter and can be controlled by a remote 
  • Electric baseboard heating is approximately 5-years-old (as per Seller)
    • Seller states that they have not had to used the baseboard heaters as the fireplace keeps the house warm enough
  • HWT is owned (unsure of age as it was installed before the Seller purchased)
  • Municipal water and gas (as per Seller)
    • The MPAC still states private well but the Seller has confirmed it is municipal water
  • Septic
  • Windows have not been updated since the Seller took ownership
  • Roof last updated 7-8 years-ago (as per Seller)
  • Insulated attic access by sliding doors (Seller is unsure of what type of insulation)
  • Storage shed (see HERE)
  • 2-car driveway
  • Lot size: 40 ft x 100 ft
  • Zoning: T (as per MPAC)
    • We believe the zoning for this property is actually RV (see HERE — red dot is this property)
    • This zoning allows for bed & breakfasts (see HERE)

PROPERTY NEEDS

  • This property is turnkey and does not need anything to be ready for a rental or wholetail on the MLS
    • The Buyer could add AC and/or update shed if desired
Price:
$585,000
Address:
Cedarvale Blvd & Maple Cres
Whitchurch-Stouffville, ON
Square Feet:
824
Lot Size:
40 ft x 100 ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1955

Call (647) 400-2093 for more details

Property Location