Wildwood Trail, Marathon, Ontario
Closing Date: August 13th, 2024
*The Buyer agrees to pay the Seller’s legal fees up to $1500
About the Property
Calling all beginner and experienced investors! Check out this detached bungalow in Marathon Ontario consisting of 3+1 bedrooms and 2 bathrooms. This 1071sqft property’s interior has almost been fully renovated over the past five years, it is just in need of some finishing touches. Also an investor would not have to worry about any major repairs, as the roof was redone less than 3 years ago and the windows are still in great condition! Therefore a strategic minor cosmetic renovation will be the ideal way to turn the best profit on this beautiful detached property. This property is currently vacant and only in need of some sweat, no blood and tears necessary! CALL TODAY!
About the Neighbourhood
The subject property is located in the small town of Marathon Ontario! Although it’s in a small town, the subject property is perfectly located to all amenities! Marathon is located in the Thunder Bay region of Ontario and is approximately a 3-4 hour drive to Thunder Bay, Sault Ste Marie and Timmins. Known historically as a mining town, Marathon is also very scenic and popular for cottage rentals and weekend getaways! Airbnb rentals are popular in the area as well, with rates in town ranging from $150-250/night, if an investor is looking to convert this property to a Cottage/ST rental!
Property Details
- Detached bungalow
- 3+1 bedrooms
- 2 bathrooms
- Full, finished basement
- ceiling height approximately 7ft as per seller
- 1071 sqft above grade
- 1039 sqft below grade
- No fridge or stove included in the sale
- Property taxes are about $1504
- Furnace and HWT are both owned and less than 10 years old (according to seller)
- Roof was redone less than 3 years ago
- Some windows replaced recently, others in good condition (according to seller)
- Breaker Panel
- Built in 1989
- 72 ft x 155 ft
Recommended Renovations
- Finish pre-existing cosmetic interior renovations
- a strategic reno would mean that an investor can come in freshen the property up with some updates (high end finishes not needed for this property type)
- New fridge and stove
- Consider adding A/C
- Consider finishing detached shed in backyard
- Seller has the option to leave contents behind so we recommend budgeting for junk removal
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