Waterfront Flip Opportunity in Martintown, ON!! Assigned

Benefitting from a considerable rise in housing prices and the boom in local residential construction, Martintown is an ideal location to pick up this affordable property!! This detached home sits on a beautiful property that is private, treed, and near the Raisin River. With some TLC and elbow grease, this property could easily be restored to its former glory, and this up-and-coming area will make this a desirable residence with strong potential ARV!!

We are selling our assignable purchase contract.

PROPERTY FEATURES

• 1+1 bedrooms (3 bedrooms, as per MPAC)
  • Could be converted back to a 3 bedroom
• 1 full bathroom
• Built in 1984
• Above grade: 1100-1499 sq ft (as per MPAC)
• Basement: 1100-4099 sq ft (as per MPAC)
  • Basement features a kitchen area, as well as a den and bedroom
  • Laundry area is located in the basement
  • Propane stove located in the basement is functional, though is not up to code and has been turned off (as per Seller)
  • Old oil tank in basement is not in use, and can be removed (as per Seller)
• All appliances will be included
• Flooring is a mix or hardwood, laminate, and tile
  • Main floor is missing some flooring
• 200 AMP breaker panel
• Electric baseboard heating (as per Seller & MPAC)
• HWT is rented (as per Seller)
• No central AC
• Balcony overlooks Raisin River
• Deck area (a few boards will need to be replaced, as per Seller)
• No rear neighbours
• Treed yard
• Property features 1 shed (will require updating, as per Seller)
• Well is approximately 30 ft deep (pump was replaced 2-years-ago, as per Seller)
• Septic is pumped regularly (age unknown, as per Seller)
• Roof is leaking and will need to be replaced (as per Seller)
  • There is currently a leak in the master bedroom which has caused the ceiling to partially cave in
• Siding exterior
  • Siding is missing around the side of the house and will require updating (see HERE)
• 14 parking spaces on gravel driveway (extra vehicles will be removed form the property, as per Seller)
• Large, irregular lot size: 45.50 ft x 52.80 ft (as per GEO & MPAC)
• Site area: 1.50 A
• Zoning: AGR10 (as per MPAC)

PROPERTY NEEDS

• Full cosmetic renovation
• Roof should be replaced
• Siding will need to be redone