1.5-Storey Quick Flip in Cambridge (Close to the 401)!! Assigned

  • $525,000
  • 4 beds
  • 1 baths
  • 1389 sqft
Assigned

This 1.5-storey property is your tailor-made cosmetic flip!! With ample opportunity to add value, plus a fantastic lot with a treed-in perimeter, you can’t go wrong. This property features a 2-tiered back deck, metal roof, separate basement entrance, open concept kitchen, and 4 full bedrooms. The Seller has also agreed to leave behind their laminate flooring, treads, insulation, and trim materials for the next buyer to utilize, which makes for huge savings for the Investor!! This detached home is priced well below the 4 bedroom benchmark prices in KWC, and is located in Preston Centre close to Hwy 401, walking trails, various schools, local amenities, and downtown King St. Act fast on this excellent wholesale opportunity!!

We are selling our assignable purchase contract.

Closing is August 16th, 2021
**As per our APS, the Seller may continue to move personal items out of the property up until 48 hours after closing, at no extra expense to the Seller. If the Seller requires more time to move out their items, the Seller agrees to pay the Buyer $100/day, up to 5 days.**

PROPERTY FEATURES
  • 1.5-storeys (as per MPAC)
  • 4 bedrooms
    • 2 bedrooms are located on the main floor
      • One of the main floor bedrooms is currently being utilized as a sewing room
    • 2 bedrooms are located on the second floor
      • The master bedroom features 2 closets, however the spacious walk-in closet is unfinished
  • 1 bathroom
    • 4-piece bathroom on the main floor
    • Bathroom has been updated in the last 5 years (as per Seller)
    • There may be room in the master bedroom or in the basement to add another bathroom (Buyer to verify)
  • Built in 1951
  • Above grade: 1389 sq ft (as per MPAC)
    • First floor: 837 sq ft (as per MPAC)
    • Second floor: 552 sq ft (as per MPAC)
  • Unfinished, full basement: 837 sq ft (as per MPAC)
  • Separate entrances:
    • Front door opens to living room area
    • Back door opens to a landing, which leads up into the kitchen, or down to the basement
  • 2 bay windows (in the living room & in the sewing room/bedroom)
  • Building materials, insulation, flooring, treads, and trim will be included(as-is, where-is)
  • Fridge, stove, dishwasher and laundry appliances will be included
    • Washer and dryer are both 1-year-old (as per Seller)
  • Basement freezers, microwave, 2 mini-fridges, and the shelves in the sewing room are all not included
  • New laminate floors in living room and upstairs bedrooms (as per Seller)
    • Flooring in the living room is not complete, and the rest of the laminate will need to be installed
    • Basement stairs are still carpeted, and will have to be updated with the remaining materials included in the sale
  • 100 AMP breaker panel
  • Gas furnace is owned and is over 30-years-old (as per Seller)
  • HWT is rented (exact age is unknown, as per Seller)
  • Central AC is from 1999, though is still in working condition (as per Seller)
  • Water softener is owned (as per Seller)
  • Metal roof is approximately 8-9-years-old, and also features snow guards (as per Seller)
  • Vinyl windows are approximately 3-5 years-old (as per Seller)
  • Vinyl siding is approximately 20-years-old, though appears to be in good condition (as per Seller)
  • Poured concrete foundation (as per Seller)
  • On municipal services
  • Backyard features:
    • 2-tiered wooden deck
    • Gazebo
    • 2 garden tool sheds
    • The large trailer in the backyard will be removed on closing
  • 4-car parking on private driveway
  • Lot size: 49 ft x 159 ft (as per MPAC)
  • Zoning: R5 (as per MPAC)
    • Possibility to add a secondary suite — see HERE (Buyer to verify)

PROPERTY NEEDS

  • Cosmetic updating
  • Possibility to add a secondary suite in the basement (Buyer to verify)

 

Please click HERE for more pictures and information.

Price:
$525,000
Address:
Sherring St & Lowther St S
Cambridge, ON
Square Feet:
1389
Lot Size:
49 ft x 159 ft
Bedrooms:
4
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1951
Basement:
Unfinished

Call (647) 400-2093 for more details

Property Location