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Listed 7 days ago

7 Burgess Avenue

7004 - Bayshore, Crystal Bay - Rocky Point - Bayshore

$599,000

Detached|2-Storey
3 | 3 | 5
About this home

A Rare Opportunity for the Visionary Buyer. If you aren't afraid of a challenge, 7 Burgess Avenue could be the opportunity you've been waiting for. Set in an established Nepean neighbourhood, this approximately 1,880 sq. ft. brick and stone 2 storey home offers a substantial starting point for someone with the vision, skills and ambition to bring it back to life. Featuring classic brick and stone construction with decorative board and batten detailing, the home has a character filled exterior and plenty of potential within. Whether your vision is a complete gut renovation, a thoughtful restoration, or exploring future development possibilities, this property offers an intriguing canvas for the right buyer.The home has not been lived in for approximately three years and is being offered strictly "as is, where is." The Seller makes no representations or warranties regarding the condition, systems, structure, components or future use of the property. Buyers are encouraged to conduct their own due diligence and investigations to determine what may be possible.This is not a turnkey home-and that is precisely the opportunity. For the experienced renovator, contractor, investor or tradesperson, this could be a chance to put your skills to work and create something truly your own. The location adds another important dimension. Situated in Crystal Bay Rocky Point community, the property is surrounded by the everyday conveniences that make this area so desirable, including parks and recreational spaces, schools, shopping, services and easy access to major Ottawa routes. It's a well-connected setting with the amenities of the city close at hand. Bring your imagination, your trades and your vision. The next chapter of 7 Burgess Avenue is waiting to be written.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,798
Lot Size65 ft x 100 ft
mls© NumberX13712746
Listed ByQUEENSWOOD NATIONAL REAL ESTATE LTD

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,066
Property tax
$400
Heat allowance
$150
Housing costs
$3,616 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $119,800
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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