| Glynn Road, Ajax, ON
Offer Date: FIRST COME FIRST SERVE
Closing Date: October 19th, 2023
*New buyer will need to assume existing A+ tenants*
** Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Looking for a turnkey rental property with A+ tenants already in place? Then checkout this bungalow in Ajax consisting of two units generating a total income of $3900 per month. The basement tenant MAY be willing to vacate but the buyer should be prepared to close with the tenants. The property has been nicely renovated throughout and the only repair needed is to replace the eavestrough at the back of the home. There was some water entering the basement so a sump pump was added which rectified the issue. The leaks in the ceiling from the back are due to the eavestrough as per the seller, buyer to verify. The HWT, A/C and Furnace are all owned and purchased within the last 5 years. This property would be great for a beginner or experienced investor looking for a TURNKEY wholetail or rental property! Hurry! This deal will NOT last!
About the Neighbourhood
The subject property is located just North of the 401 in Ajax. Ajax is located east of Toronto, approximately 40 minutes from downtown Toronto to Ajax. Throughout the market drop, Ajax maintained its strong price point, due to the high demand for the area. The city has very accessible transit as well with routes extending East to Oshawa and West to Toronto! The subject property is wonderfully located around countless amenities, such as Sobeys, countless restaurants and community centers making this a perfect location for an end user or as a rental!
Property Details
- Detached Bungalow
- Two units
- 2 bed 1 bath ($2400/month)
- 1 bed 1 bath ($1900/month)
- 825 sqft above grade
- 825 sqft below grade
- Built in 1942
- Breaker panel
- Finished basement with a separate entrance
- Furnace/A/C/ HWT are all owned and purchased within the last 5 year
- Basement apartment was NOT visited, photos are from the listing
- Sump pump
- Deck was redone in 2022
- Metal roof
- Eavestrough need to be replaced
- Windows were replaced 2 years ago
- Vinyl flooring
- Property taxes are approximately $3668
- Lot size is 30ft x 100ft
- Zoning R1-D
Recommended Renovations
- Replace Eavestrough
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
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