$275,000
Petrolia
4068 Petrolia Line, Petrolia, Ontario, N0N1R0
This multi-family property in Petrolia is for sale offering roughly 3,250 sq ft of space. It has been on the market 8 days, fresher than the Petrolia average of 94 days.
Attention first-time buyers, contractors, investors, and property flippers! Welcome to 4068 Petrolia Line, a spacious 3000 square foot two-storey duplex situated on a beautiful corner lot with endless possibilities. The sellers have completed substantial work over the past few years, including all-new windows ($53,000), two furnaces, new drywall, a hot water heater on demand, and a kitchen renovation awaiting completion. The sale will also include numerous additional materials and items purchased for the home. With solid bones and much of the groundwork already underway, this property is ready for someone to finish the renovations and unlock its full potential. The upper level features three generously sized bedrooms, a 3-piece bathroom, and the potential to create two additional bedrooms. On the main floor, you enter through a mudroom/laundry area leading to the kitchen and open dining space. One side of the kitchen offers a bathroom under construction and an additional room that could be converted into a primary bedroom or potentially transformed into a granny suite. The opposite side opens to the dining and living rooms, featuring a gas fireplace and front entrance access. The basement offers two separate areas that connect, each with its own gas furnace. An owned on-demand water heater adds further value. Opportunities like this don't come along every day! Look beyond the renovations still to be completed and envision the possibilities this unique property has to offer. Whether you're looking for an investment, a renovation project, or a property to make your own, 4068 Petrolia Line is a must-see! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 94 days across the listings currently for sale in this city
This 3-bed multi-family in Petrolia has been listed for 8 days, which is 86 days fresher than the city average of 94. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $275,000, about 2.9× the local median household income of $96,000.
Carrying it typically needs a household income of about $53,717 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA N0N)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
No similar listings for sale right now.
Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.