Who wants over 200 feet of waterfront and TWO houses?
It’s two addresses under one ownership. And it’s just 2 hr 51 min drive from Toronto. Located on Magnetawan River where it meets Georgian Bay. Opportunity is here! Vacation rental? Airbnb? Or is this your new waterfront getaway that you’ll enjoy this summer?
How can you profit and how can you enjoy this?
1) With two houses this will be a vacation rental cash-cow. The house next door rents for $3,000+ per WEEK including during the winter for ice fishing season. How much do you think you can get by renting TWO houses?
2) Flip it and profit if you have the heart to sell it and don’t fall in love first. Given the amount of shoreline and having two houses, this will likely sell over a Million.
3) Keep this gem for you, your family and friends and create some memories. Do short-term rentals when you’re not using it.
4) Build your dream cottage while you live in the other home.
– LOCATION: Britt, ON – North of Parry Sound. 2hr 51min drive from Toronto! (Yorkdale Mall)
– PURCHASE PRICE: $819,900 Or Best Offer
– AFTER REPAIR VALUE: Probably over $1 Million. It’s hard to compare it because it has 2 houses and more shoreline than comparables.
>> A neighbour sold for $800,000, but our lot is almost double, has more shoreline, and has two houses.
– CLOSING: June 2022 – Seller will pick exact date and give advanced notice. (This is an assignment sale.)
– TYPE: Over 230′ of waterfront! Two detached bungalows on one property.
– BEDS/BATHS: 2 Bed, 1.5 Bath x2 (Each house has 2 Bed, 1.5 Bath)
– PARKING: Lots! 6-8 spots.
– BASEMENT: Crawlspaces
– LOT: Irregular. 216′ road frontage. 232′ shoreline. Depth up to 180′. (Approximate)
– AGE of House#1: 1996 and has a 2009 addition.
– AGE of House#2: 1943 and a 2016 addition.
– Both houses are liveable and rent-ready.
– The older house could use more updating.
– Needs new windows.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
– The waterfront! Swimming, boating, fishing, ice fishing.
– Located in an unincorporated township and we’re told they are very relaxed with building permits and zoning.
– Metal roof in 2009.
– Recently added Propane powered HE Furnaces in both homes within last few years
– A reasonable drive from the GTA and other cities like Sudbury and Barrie.
– Two houses! Live in them or rent them out.
– Some of the best year round fishing in the world right outside your front door
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Get notified of only the deals you are interested in by telling us your areas of interest. We notify you by email based on the geography you want. PUSH HERE to get the deals you want: https://www.housedealsgta.ca/preferred-buyers/