Waterfront Flip Opportunity in Martintown, ON!! Assigned

  • $160,000
  • 2 beds
  • 1 baths
  • 1100-1499 sqft
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.
Closing is June 29th, 2021

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

 

Please click HERE for more pictures and information.

Price:
$160,000
Address:
Island Rd & Lefebvre Rd
Martintown, ON
Square Feet:
1100-1499
Lot Size:
45.50 ft x 52.80 ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1984

Call (647) 400-2093 for more details

Property Location