Legal Duplex W/ Huge Lot in Sudbury Assigned

  • $270,000
  • 2 beds
  • 1 baths
Assigned

Summary:

Take advantage of this amazing undervalued property 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 a strong cash flowing and BRRRR rental property that is vacant upon possession. That being said there are some opportunities for strategic renovations to force appreciation, most notably a cosmetic lift throughout the property, potential to add a bedroom in the main unit, and also potential to complete the unfinished basement which has over 6’6ft height (buyer to confirm)

2899 Bancroft Drive is located east of Minnow Lake and Adamsdale area which is one of the most desirable locations in Sudbury. This quiet residential neighbourhood attracts the highest quality tenants in Sudbury and also many homeowners. This area attracts many re-development and new builds priming this neighbourhood for strong future appreciation. One look at google street map views and you’ll understand why so many locals want to live in Adamsdale and Minnow Lake!

The market for entry-level properties homes in Sudbury is hot right now, with significant price appreciation 15% Year-over-Year, constant bidding wars and most homes going over asking.

Property Features:

  • Main Unit Details
  • 2 Bedrooms with potential to add another bedroom
  • 1 Bathroom
  • Very large living room
  • Very large dining room
  • Large kitchen
  • Gas fireplace
  • Built-in China Cabinet
  • Cedar walls in dining room
  • Unfinished basement with large basement height
  • Upper Unit Details
  • 1 Bedroom
  • 1 Bathroom – recently renovated
  • Living room
  • Kitchen
  • Vinyl plank, carpet, tile upstairs
  • Other
  • Very large lot – 52ft x 258.8ft
  • Brand new roof
  • 2 electrical meters
  • Fuse box electrical – copper wiring throughout
  • Vinyl siding newly completed
  • Newer windows
  • New decks
  • Garage
  • New insulation
  • Hot water tank rental
  • Newer eavestroughs
  • Natural gas heating with furnace
  • City water line
  • Central A/C
  • Plumbing is updated
  • Vacant possession
Potential Property Upgrades:
  • Cosmetic updates throughout
  • Paint
  • Flooring
  • Resurface kitchen – Paint cabinets, new handles, and counter-top
  • Light fixtures
  • Bathroom for main floor news to be replaced
  • Optional: Remove popcorn ceilings
  • Optional: Finish basement
Photos/Videos: Here

Comparables:
There are very few comparables in this area as most individuals are long-term homeowners.

2157 Bancroft– $339K (Sold October 6th, 2020)
  • 3 Bedrooms + 3 Bathrooms
  • Note heating is electric baseboard versus subject property which is gas
  • Much smaller lot size versus subject property 107×95.3
  • In-law basement suite
  • Fully tenanted upon purchase
  • Less aesthetic exterior – outdated vinyl
1206 Smith – $300k (Sold September 9th, 2020)
  • 9/10 condition interior
  • 4 Bedrooms + 3 Bathrooms
  • Less superior area (B area where subject property is considered an A location)
  • Note heating is electric baseboard versus subject property which is gas
  • Much smaller lot size subject property 50×120
  • Septic tank
  • 8/10 condition interior
  • Fully rented

If you’re interested, please call/text:
Austin at 226-602-4867 or email at austin@ontariopropertydeals.ca

Price:
$270,000
Address:
Sudbury
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Duplex

Call 647-933-5598 for more details