1 Bedroom, Top Floor Condo Flip Near Downtown Guelph!! Assigned

  • $399,999
  • 1 beds
  • 1 baths
  • 903 sqft
Assigned
Located close to downtown Guelph, this 1 bedroom condo is as affordable as they come in yet another city in southwestern Ontario that exceeds $1,000,000 in average housing price!! This unit resides on the top floor of a high-rise, with a south-facing view of Guelph towards Stone Road Mall and treelined subdivisions. The building is surrounded by parks and is walkable to the Guelph Junction and Old Guelph, where coffee shops, markets, restaurants, and bars abound. Down the road to the west is the Hanlon Hwy 6, which is a main artery for crosstown errands and work commutes. Parking is included and the condo fees for the age of the building aren’t unreasonable. There’s tons of opportunity here for forced appreciation and to give that prickly carpet, flaky ceilings, ancient kitchen, and tired bathroom a much-needed face lift. A generally well-maintained building that comes with a gym, parcel locker, above and below ground parking, party room and sauna. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is April 8th, 2022
**As per our APS, the Buyer acknowledges that the Seller may leave behind some furniture and personal belongings at closing and that the Buyer will dispose of any of these contents at Buyer’s sole expense. The Seller agrees to provide a list of the contents to be left behind to the Buyer at least 5 calendar days before closing.**

PROPERTY FEATURES
Please note: This unit is currently owner-occupied, will be vacant upon closing.
  • 1 bedroom
  • 1 full bathroom
  • Built in 1987
  • Unit size: 903 sq ft (as per MPAC)
  • All appliances will be included
  • Ensuite laundry
  • Large kitchen with eat-in area
  • Living room is open concept
  • Coat closet at the front door
  • Breaker panel, not fuses
  • Heating is through electric baseboards
  • No central AC, only a wall unit
  • No concierge, but the front and back vestibule have an intercom system for residents to buzz visitors into the building
  • 1 parking space is included at no additional expense (as per Seller)
  • Condo amenities include: sauna, visitor parking, party room, gym, elevator, mail room, parcel locker (as per Seller)
  • Condo fees: ~$440/month (Buyer to verify)
    • Fees include: water, common elements, cable tv, parking, insurance, landscaping (Buyer to verify)
    • Hydro is not included in the condo fees (Buyer to verify)
  • South exposure — which means you maximize the amount of natural light!
  • This is an 11th floor unit (top floor), and the view is completely unobstructed

PROPERTY NEEDS

  • Cosmetic updating
  • Replace appliances
  • The ceilings in the bathroom and outside by the laundry room are flaking and peeling. We detect that is from moisture and there is a possibility of mold overgrowth on the other side since the Seller mentioned he doesn’t use the exhaust fan very often (Buyer to verify) — see HERE

Please click HERE for more pictures and information.

Price:
$399,999
Address:
Waterloo Ave & Roland St
Guelph, ON
Square Feet:
903
Bedrooms:
1
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Condo
Year Built:
1987

Call 647-370-0820 for more details

Property Location