Single Family with BRRRR potential in Sudbury Assigned

  • $175,000
  • 2 beds
  • 1 baths
Assigned

Summary:

This is the cheapest single family detached house in the Minnow Lake area on the MLS.

This single family house is located in the 700 block on Lonsdale Ave in one of the most desirable neighborhoods in Sudbury, Minnow Lake. This property requires cosmetic interior renovations- perfect for investors looking to complete a BRRRR project. The basement height is over 7ft, giving potential to add an additional washroom, bedroom, or living space. The subject property has a large lot (50ft frontage by 120ft depth) and backs onto forest and green space for extra privacy. The property has an attached garage and great potential for long term appreciation in a gentrifying neighbourhood.

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:

  • 700 sq ft
  • 2 Bedrooms
  • 1 Bathroom
  • Attached Garage
  • Brand new stainless steel appliances
  • Cosmetic renovations – good condition interior throughout, minor cosmetics
  • Hardwood flooring
  • Newer cabinets
  • Tankless hot water
  • Good condition roof and insulation – installed in 2018
  • Furnace installed in 2014
  • Basement height is over 7ft
  • No rental items
Potential Property Upgrades
  • Minor cosmetic renovations (paint, light fixtures, etc.)
  • Optional: Add 1 bedroom to basement or finish basement to living space
Comparables
2055 Bancroft– $250K (Sold January 2021)
  • 757 sq ft
  • 2 Bedrooms above grade + 1 bed below grade
  • 1 bathroom above grade + 1 bed below grade
  • Rented hot water tank
  • Renovated interior
  • Smaller lot – 40×120
1351 Bellevue – $230k (Sold December 2020)
  • 750 sq ft
  • 3 bedrooms
  • 1 bathroom
  • No garage
  • Rented hot water tank
  • Renovated, some small updates can still be made
789 Howey – $219.5k (Sold October 2020)
  • 665 sq ft
  • 1 bedroom above grade + 1 bedroom below grade
  • 1 bathroom
  • No garage
  • Rented hot water tank
  • Cosmetic renovations required
226 Ferndale – $205k (Sold November 2020)
  • 702 sq ft
  • 2 bedroom
  • 1 bathroom
  • No garage
  • Rented hot water tank
  • Cosmetic renovations required
If you’re interested, please call/text:
Austin at 647-933-5598 or email at austin@ontariopropertydeals.ca

 

Price:
$175,000
Address:
SUDBURY
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home

Call 647-933-5598 for more details