This solid brick, detached bungalow in Fairbank offers a prime investment opportunity. While dated, it holds significant value-add potential with renovations. The neighboring property sold for $840,000 last year and is currently undergoing upgrades. Many homes in this sought-after neighborhood are adding 2nd and 3rd floors, presenting a prime opportunity for expansion and increased returns. Ideal for investors looking to capitalize on the area’s upward trend. This property is zoned for duplex use, providing an opportunity for to maximize rental income or explore expansion possibilities.

We are selling our assignable purchase contract.

Closing is October 29th, 2024
*The Buyer and Seller agree that the Seller may leave their furniture and belongings in the property upon closing* 

• Detached raised bungalow
• 2 bedrooms
• 2 bathrooms
  • 4-piece bathroom located on the main floor
  • 3-piece bathroom located in the basement
• Built in 1954 (as per MPAC)
• Above grade: 914 sq ft (as per MPAC)
• Basement: 1035 sq ft (as per MPAC)
  • 7′ ceiling height
• Appliances included
  • 2-fridges, 2-stoves,1-washer
• Separate entrances:
  • The side door opens to a split staircase that leads up to the main level and down to the basement
• 100 AMP breaker panel
• Oil furnace is owned and is 25-years old (as per Seller)
  • Natural gas is available in the area and Enbridge will install a new gas meter at the property for free (Buyer to verify)
• No Central AC
• HWT is rented and is 15-years old (as per Seller)
• Vinyl windows are 25-years old (as per Seller)
• Shingle roof is 10-years old (as per Seller)
• 1- car attached garage: 240 sq ft
  • Extra deep garage
  • Brick driveway
• Concrete block foundation
• On municipal water and sewer
• Lot Size: 25′ x 75′ (as per MPAC)
• Zoned RM residential multi dwelling – see HERE
• Seller occupied, vacant on closing

Click HERE for more info