North Uxbridge Bungalow Near Wagner Lake – A Rarely Offered Gem 🏡
Wholesale Price: $699,000 (Assignment Fee Included)
***Ruddy Dr & Pilkey Rd, Uxbridge ,ON***
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
- 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!
Cosmetic Renos, Add a unit in the Basement
- 58 Wagners Rd sold for $900,000 on July 11th 2023.
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.
- 55 Wagners Rd sold for $835,000 on July 29th, 2023
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.