Basics
- Date added: Added 2 years ago
- Category: Toronto/GTA
- Bedrooms: 3
- Bathrooms: 1
- Floors: 1
- Area: 736 sq ft
- Year built: 1938
Description
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Description:
This property is your ticket to investment success! Nestled just 25 minutes west of Brockville and 50 minutes south of Ottawa, this 1+1 bedroom gem is primed to be the ultimate rental opportunity. With Ontario’s rental crunch hitting hard, this Iroquois property stands out. The Seller’s offer to rent back for a year opens up fantastic possibilities, and they’re open to negotiation. Add the low purchase price to the mix, and you’ve got a cash-positive winner almost instantly. Plus, all major repairs are already taken care of, making it a hassle-free investment. Don’t let this turnkey deal slip through your fingers!
We are selling our assignable purchase contract.
Closing is September 19th, 2023
*The seller shall have the right to enter into a one year lease of the subject property with the buyer, commencing as of the closing of this transaction, provided the seller provides written notice to the buyer of their intent to rent no later than 19 calendar days before closing. The monthly rent shall be negotiated between the parties. The seller agrees to keep all utilities and water in their name until such a time as they vacate the property. The seller also agrees to maintain valid tenant insurance during the rental period. Should the seller wish to exercise this option, the buyer and seller agree to negotiate a Rental Agreement within five days of the seller’s notice of intent to lease, outlining all of the conditions herein. Should the parties be unable to come to an agreement, the seller has the right to rescind their notice of intent to lease the property, and this Purchase Contract shall be null and void in its entirety, and the deposit under this agreement returned to Cash House Buyer Inc. in full and without deduction.*Click HERE for full ad and media.
PROPERTY FEATURES
This property is an easy and profitable rental to flip. The current Seller would like a 1-year lease back and after the Seller moves the Buyer could re-rent or re-sell. The Sellers have verbally indicated that they may be willing to pay $2000/month + utilities. At a purchase price of $180,000 with a $2k/month leaseback the Buyer is able to make immediate profit before once again profiting on a flip.- Bungalow
- 2+1 bedrooms (smaller bedroom on main floor is being used as an office)
- 1 bathroom
- Built in 1938 (as per MPAC)
- Above grade: 736 sq ft (as per MPAC)
- Basement: 736 sq ft (as per MPAC)
- Partially finished with low ceiling height
- Appliances will not be included if Seller’s leave
- Side entrance leads directly to the basement
- 100 AMP breaker panel
- Gas furnace
- HWT is rented
- Window AC unit
- Windows are older (as per Seller)
- Tin roof was redone within the last 10 years (as per Seller)
- Large back yard with storage shed
- 1-car, detached garage
- City services
- Lot size: 70 x 150 ft (as per MPAC)
PROPERTY NEEDS
- Cosmetic updating, if desired