This is your opportunity to purchase a fixer-upper property with gorgeous waterfront views. If you’re looking for your next big renovation project with many exit strategies from a BRRRR, flip, Airbnb etc. then 251 River Rd E is the right property for you! This property is located only 2 hours away from Toronto, 1 hour from Peterborough, and is close to many amenities (LCBO, retail stores etc.) in Campbellford (15 minutes). Contact us now- this opportunity won’t last long!
Summary:
This is a rare opportunity to purchase a waterfront property only 2 hours away from Toronto and for less than 200k!
Calling all handymen, contractors, and investors, 251 River Rd E is a perfect property for those looking to take on their next project. Although this property requires extensive renovations it also has amazing upside potential in profit and cash flow. This property is located within a 2 hour drive to Toronto, 1 hour from Peterborough, and 15 minute drive to Campbellford which has most city amenities; thus making it the perfect Airbnb for maximum cash flow. With gorgeous waterfront views and a large lot size, you should have no issues getting this property rented out once fully renovated. Comparable properties sell for 500k+ in this area; however, there has been no fully renovated property that has sold in this street over the past year, thus making renovated properties scarce and high in demand.
This property boasts waterfront views, has a separate detached garage, is 3 bed + 1 bath, and is ready for your upgrades to turn it to the perfect vacation home. There are many upgrades that need to be done to this property including, but not limited to, plumbing work, replacing roof, possible electrical, water damage, and sagging floors (recommend buyer to investigate further for foundational damage). However, once fully renovated this property will be a cash flow machine.
With immediate upside on the purchase, vacant possession, close proximity to Toronto, and waterfront views for only $190,000, this property presents a phenomenal opportunity for your next investment!
Property Features:
- Large Lot Size: 18,137 sqft
- 3 bed + 1 bath
- Waterfront property
- Single family home
- Roof requires replacement
- Detached garage
- Block foundation (per visual inspection – buyer to confirm)
- Exterior – Aluminum
- Built 1967 (per MPAC)
- Septic Tank
- Private well
- No heating source
- Plumbing – Copper & PVC
- Electrical – copper & 100 amp fuse box
- Property requires significant renovations