Who’s looking for a profitable property?
Located in popular West Manitoulin, making it the perfect spot for exploring both West and East ends of the Island. Hiking trails, boardwalk, and local amenities all within walking distance. The area has a ton of potential for vacation rentals, but also quiet rural escape, all within a short distance of local amenities like cafes, boutiques, and seasonal events. This is a versatile 3-bedroom investment property, on a nice sized 95 x 140 lot, with many recent updates. Take the exciting ferry ride from Tobermory to the southern tip of Manitoulin (with your car) or drive around the Bay and onto the Northern end of the island!
How can you profit?
1) Move In – Many updates completed in recent years. Add your personal touches and create a fantastic rural retreat to get away from it all. A nature lovers delight as deer graze daily on the oversized lot!
2) Rent – With rental availability at an all-time low in town, this is the perfect opportunity to get into a cashflow positive property with minimal renovations.
3) Airbnb – Even basic Airbnb’s in this extremely popular tourist region are going for over $200/night in the fall/winter! This turn-key property could become a cash cow year-round.
SUMMARY:
– LOCATION: Gore Bay (Manitoulin Island), ON (Main St & Hall St)
– PURCHASE PRICE: $199,900 Or Best Offer
– CURRENT MARKET VALUE: Similar listings are $100K more!!
– CLOSING: December 17, 2024 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: 4 in tandem
– BASEMENT: Full height, unfinished, but only under the kitchen area.
– SQFT: 1,470
– LOT: 95’ x 140’
– AGE: 1890
– PROPERTY TAX: $1,784 (2023)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– A new step from the back door to deck.
– Living room vinyl window seal may need repair.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Surrounded by a beautiful small town it’s a nature lover’s paradise on Manitoulin Island.
– Many updates already done for you!
– Long-term or Short-term rental cashflow IMMEDIATELY!
LISTING ID: 1124-GOR-F01
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors