North Uxbridge Bungalow Near Wagner Lake – A Rarely Offered Gem 🏡 Assigned

North Uxbridge Bungalow Near Wagner Lake – A Rarely Offered Gem 🏡

 

Wholesale Price: $699,000 (Assignment Fee Included)

 

***Ruddy Dr & Pilkey Rd, Uxbridge ,ON***

 

Photos/Videos: https://photos.google.com/share/AF1QipPDyD8Cs_dmzOcOd4Agt1W68j7LleEwmlx3Suq-bNuSSuAeEIz4wLPpB524p3eoTw?key=cklMUVZpQnhEeHNJblp4Sy03cnNpUzB2Rk9XY3VR

 

FULL BUYER’S PACKAGE: https://conta.cc/3YvoRyL

 

Profitable Property is excited to present to you this North Uxbridge property in a rarely offered Lake neighbourhood on Wagner Lake.

 

The subject property is a 3 Bed, 2 bath bungalow, sitting on a large 50 x 247 feet treed lot. Many upgrades were done on the main floor of the house – a new kitchen, washroom, flooring etc to name a few. The heating was converted into a propane based Furnace in 2022, along with an updated electric panel. This is an excellent option for investors looking to purchase a property near  a lake at an affordable price point. Since the property is not waterfront, there is less maintenance involved. Thanks to the lake access point that’s within walking distance, this property is a great option for anyone looking to enjoy the features of living in a lake without having to do dock maintenance. 

 

Uxbridge is a very desirable community with an average house price of $1.2 Million. It is popular among retirees and high net worth individuals. Wholesale deals are very rare in a town like Uxbridge, where homeowners usually have a very high amount of equity in their homes. This property is situated in North Uxbridge, giving it a very private cottage-like feel, while still being within an hour to Toronto. 

 

For investors looking to turn this property into its highest and best use, there is potential to create a second unit in the basement. This could also be converted into an AirBNB as it’s in a tranquil lakeside location. With newer builds near the lake selling for $1.4million+ , this is also a great option for investors looking to renovate and force appreciation. Add this unique property into your portfolio today!

 

 

 

Closing:October 2nd, 2023

 

Map Link: https://goo.gl/maps/ayjyi3e1jgG6apAs8

 

Property Highlights:

 

• North Uxbridge Location(Steps to Wagner Lake)
• 3 Bedrooms 
• 2 Bathrooms
• 2 Outhouses
• 50 x 247 feet lot
• Taxes: 2991/year(approx)
• Basement Height over 7 feet
• Parking for 3 cars
• Roof around 15 years old
• Furnace 2022
• HWT Rental
• Updated 100 Amp Breaker Panel 
• Vacant Possession!

 

Suggested Renos: 

 

Cosmetic Renos, Add a unit in the Basement

 

Comparable Properties:

 

1. 58 Wagners Rd sold for $900,000 on July 11th 2023. 

https://housesigma.com/web/en/house/eQp5yOpadeQ7d0ZE/58-Wagners-Rd-Uxbridge-L0C1H0-N6649820

 

This bungalow was nicely updated and was sold in July for $900k – thats $300k over our price point. It has the same number of bedrooms and bathrooms as our property. 

 

1. 55 Wagners Rd sold for $835,000 on July 29th, 2023

 

https://housesigma.com/web/en/house/JRv53KpNxGXYVPW4/55-Wagner-s-Rd-Uxbridge-L0C1H0-N6664642

 

This property is well renovated and larger than our property but has the same number of bedrooms and bathrooms. This property sold for $835k less than 2 weeks ago – $135k over our price point.