Discover the perfect blend of small-town charm and modern convenience! This home sits on a large 124’ x 227’ lot, offering plenty of space for kids to play and family gatherings. Enjoy the peaceful surroundings and being just steps from the local pond, perfect for nature lovers and outdoor enthusiasts…while being close to Hwy 7 for an easy commute to Peterborough.
How can you profit?
1) Convert to 2 Units and Rent: turn the addition a bachelor apartment by adding a kitchen. It already has a separate entrance and its own full bath. You’ll have a 3 bed 2-storey unit and a bachelor ready for rent in no time!
2) Sever the Lot. The existing house is tucked nicely into one side of the lot. Explore severing the lot and selling the vacant piece OR building a second home next door. Similar vacant lots sell in the $100k-$150k range.
SUMMARY:
– LOCATION: Norwood, ON (30 min east of Peterborough at Hwy 7 & Hwy 40)
– PURCHASE PRICE: $459,900 Or Best Offer. Offers welcome anytime.
– AFTER REPAIR VALUE: $600s
– CLOSING: May/June 2025 (This is an assignment sale.)
– TYPE: 1 ¾ Storey Detached
– BEDS/BATHS: 3+1 Beds/1+1 Baths
– PARKING: 3 Driveway Spaces Plus Small Garage
– BASEMENT: Unfinished, low ceilings
– SQFT: 1,817
– EXTRA WIDE 0.66 ACRE LOT: 124’ x 227’ (Possible severance opportunity)
– AGE: 1890
– PROPERTY TAX: $2,062 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– New subflooring and kitchen needed to get it rent-ready.
– Convert the addition to a bachelor unit by adding a kitchen! It already has a separate entrance and a full bath.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– It’s already on municipal services.
– Bonus lot severance potential!
LISTING ID: 0225-OME-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Randall Reashore
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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