2 Vacant Homes on Large Lot with Severance Potential in Sudbury Assigned

  • $355,000
Assigned

This is a unique opportunity to purchase two properties with potential to sever! Both houses have their own water, gas, and electrical meter. The seller has already confirmed with the city that it is possible to sever into two separate properties. Investors can have piece of mind knowing that this unique property has several exit strategies from BRRRRing, flipping, severance, cash flowing long-term buy and hold etc.

 

This is an opportunity to purchase two cash flowing single family homes both for under 200k each!

Take advantage of these unique undervalued properties with NO bidding wars in one of the strongest cash flowing real estate market in Canada and the largest city in Northern Ontario. This is a great opportunity to pick up two properties, separately metered with potential to sever the property into two separate titles, as confirmed with the city. This property is centrally located in Donovan and is a less than a 5 minute walk to 2 churches, a mosque, Antwerp Playground, and two bus stops.

Due to the unique nature of the properties- there are several creative exit strategies such as severing the property and BRRRing both, selling one property and keeping the other, student rental on one property and traditional on the other etc. Receive equity paydown, cash flow, and appreciation on two properties for less than 400k!

One property is a 4 bedroom house in great condition. There is a large living room, large dining room and kitchen on the main floor with 4 bedrooms and a 2 piece bath in the upper floor. This property is practically turnkey; however investors can complete minor cosmetic renovations to force appreciation.

The second property is 2 bedroom with a 4 piece bathroom and a upper stairs loft with a window. This can serve as another bedroom with potential to create a master bedroom with large closets, or as a common area if investors are looking to save on renovation cost. This property requires cosmetic renovations throughout.

Sudbury is one of the hottest and affordable real estate markets in Ontario right now. With significant price appreciation well over 15% Year-over-Year, constant bidding wars and most homes going over asking. This is your chance to break in the market with no bidding wars!

 

Price:
$355,000
Address:
Terms:
Assignment of Contract
Property Type:
Other

Call 647-933-5598 for more details