!!WATERFRONT!! Turnkey Bungalow on Musselman’s Lake in Stouffville!! Assigned

  • $800,000
  • 2 beds
  • 1 baths
  • 384 sqft
Assigned
Low inventory, high demand and soaring property values make this waterfront property the perfect investment opportunity at the perfect time!! Get a jump on cottage season with this recently updated, 2 bedroom, turnkey bungalow on Musselman’s Lake in Stouffville — for less than vacant land!! Featuring a gas fireplace, walk-in closet in the master bedroom, stacked laundry, a South facing yard on the water, 4-car parking, and ample space for an addition, new build or value add (hot tub, fire pit, etc.), this beautiful bungalow is primed to make you profit. Less than an hour outside of Toronto, located just a few minutes East of the 404 with all amenities close by, while maintaining the peaceful atmosphere of a cottage, this property screams opportunity. Wholetail for immediate profit, rent or Air BnB to create a lucrative income property (in an incredibly convenient and sought-after area), create an addition or underpin crawl space to create a full basement to add value, or simply start from scratch with a brand new build — the possibilities here are endless!! You won’t find a turnkey lakefront bungalow (with an evaluation of over $1,000,000) within 45 mins of the downtown core, and certainly not near Ballantrae. Let this gorgeous getaway be your ticket to success for the incredibly hot price of only $800,000!! The average 2 bedroom, detached property (landlocked, not waterfront) in Stouffville sells for $1,200,000, which is up 57% over last year!! Act fast, because this deal will not last long!!

We are selling our assignable purchase contract.

Closing is March 8th, 2022
**Please note: The Seller has verbally confirmed that they may close earlier than this date, if desired.**
PROPERTY FEATURES
  • 2 bedrooms
    • Master bedroom features a large walk-in closet
  • 1 full bathroom
    • 3-piece bathroom is located on the main floor
  • Built in 1937 (renovated in 1970, as per MPAC)
  • Above grade: 384 sq ft (as per MPAC)
    • We believe it to be 700-1100 sq ft (Buyer to verify)
  • Crawl space
    • Access located in the closet at front entrance (floor lifts up, as per Seller) 
  • Separate entrances:
    • Front door opens to main entrance way
    • Side door from the hallway opens out to the patio
  • All appliances will be included
  • Flooring: marble, laminate, wood, tile
  • Laundry room with stackable units
  • Gas fireplace
  • 100 AMP breaker panel
  • HE gas furnace is owned, and is 4-5 years-old (as per Seller)
  • HWT is owned, and is 4-5 years-old (as per Seller)
  • No AC
  • Windows were updated prior to ownership (as per Seller)
  • Roof is 4-5 years-old (as per Seller)
  • Outdoor sauna is not in working condition (as per Seller)
  • Storage shed was built in 1940 (204 sq ft, as per MPAC) — Buyer to verify
  • Siding and insulation were both redone in the last 5 years (as per Seller)
  • No sump pump on the property (there has never been flooding, as per Seller)
  • On municipal water
  • Huge septic tank is ~3000 sq ft, and is located on the front lawn (last emptied in 2021, as per Seller)
  • Parking for ~4 vehicles in gravel driveway (Buyer to verify)
  • Property taxes: $3089.24/year (Buyer to verify)
  • Lot size: 50 ft x 141.7 ft (as per MPAC)
  • Zoning: T (as per MPAC)
    • According to the town of Whitchurch-Stouffville and their Zoning Bylaw, the “T” zone stands for “temporary” (see HERE, pg. 2-1) — Buyer to verify

PROPERTY NEEDS

  • Nothing!

Please click HERE for more pictures and information.
Price:
$800,000
Address:
Connor Dr & Lakeshore Rd
Whitchurch-Stouffville, ON, ON
Square Feet:
384
Lot Size:
50 ft x 141.7 ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1937

Call 647-370-0820 for more details

Property Location