801 Hermitage Way
A Handyman Special with Serious Upside
This is a 2002-built 1,070 sq ft bungalow sitting on nearly three-quarters of an acre, corner lot, with its own water well, septic field and tank. Built on an insulated and heated crawl space.
The home is surrounded by your own forest that extends all the way to the neighbour’s property line and the main road – giving your rear yard a sense of country seclusion.
The bones are good but it needs cosmetic updating. The main wing has two bedrooms plus a generous bathroom that is big enough for a stand-up shower, a soaker tub, and a 4-foot wide vanity. Next to it is the laundry room which houses the washer and dryer, furnace, and a newer 2025 hot water tank, with ample room left over for additional cabinets.
At the other wing of the house is the third bedroom, separate from the others, giving it a sense of privacy. Also at this end is the oversized coatroom and mudroom which leads to the rear door and a huge deck that overlooks the rear yard.
Outside: corner lot, two driveways, with the potential for an attractive circular driveway on the main side. Forest boundary running all the way to the treeline. Big enough for a proper yard, two metal sheds, and room left over.
Yes the house needs work and the price reflects that. At $245,000 it is priced $46,000 below the 2026 tax assessed value. A recent realtor evaluation pegs the after-repaired value in the $340,000 to $350,000 range once the work is done — giving a substantial buffer for improvements and equity building through sweat equity.
- Someone handy, willing to put in sweat equity and build real wealth doing it
- A buyer who wants land and privacy — not just a house
- An owner-builder or investor comfortable with known costs and a clear upside
- Anyone priced out of properties with less land and less potential
- A family that wants room to breathe, a yard worth having, and a forest in the backyard
- 1,070 sq ft · 3 bedrooms · 1 bath
- Oversized bathroom — room for stand-up shower and soaker tub
- Large laundry room with newer hot water tank (2024/25)
- Lennox forced air furnace — natural gas, original, needs service
- Own water well and septic tank with field
- Treated lumber foundation with heated crawl space
- Corner lot, west-facing front · Two driveways
- Your own private forest — lot runs to the telephone pole at the treeline
- Nearly 3/4 acre — extends approx. 35 ft past the rear fence line
- Two metal sheds included
- Wraparound deck, gated side driveway
- Bay window in living room — one exterior pane broken, easy fix
I recently bought this property out of a bankruptcy type situation. The elderly owners were in a tough situation with problmatic occupants who created quite the mess.
I started the buying process in early January when I wasn’t busy in the city, the process took months before the previous owner could transfer the title because of current legal issues etc. By the time I was able to take title I had started numerous other projects in the city so I’m letting this one go.
Please direct your questions to me on Messenger and I’ll reply generally within the hour or sooner.
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Viewings are possible within a day or sooner. Please just let me know your schedule and I can accommodate your needs.