1899 Sq Ft Townhouse Flip or Wholetail in Surrey!! Assigned

Only minor cosmetic renovations are needed to get this townhome ready for the market!! This 3 bed, 3 bath property is located in Surrey’s Newton neighborhood. Upgrades have already been done to the kitchen, flooring, ensuite bathroom, and furnace. The Seller will leave 265 sq ft of new laminate flooring with the property to complete the flooring project. This is a family-friendly complex that has no age restrictions and allows up to 2 pets. With decreasing inventory pushing up home prices in the region (https://wowa.ca/vancouver-housing-market) this property could fetch top dollar on the market and mean quick profits for a beginner or experienced flipper! Don’t miss out on this opportunity to pick up a townhome at $100K below retail!!

We are selling our assignable purchase contract.

Closing is January 20th, 2022
*The Seller will be permitted to live on premises for no later than 90 calendar days after closing. The rate will be $2000.000 (two thousand dollars) per month (30 day period) calculated on a pro-rated basis. Six thousand ($6000.00) dollars will be held back by the Seller’s lawyer/notary in trust as compensation for the Seller’s stay. Once the Seller has vacated the property and left it in reasonable condition, the remaining balance of the holdback, if any, shall be released to the Seller within 2 (two) business days. The utilities shall remain in the Seller’s name during the stay.*

• 2-storey townhome with basement
• Split-level entry
• 3 bedrooms
  • Located on the second floor
• 3 bathrooms
  • 4-piece bathroom is located on the second floor
  • 3-piece ensuite located in the master bedroom on the second floor, renovated in 2014 (as per Seller)
  • 2-piece bathroom is located on the main floor
• Built in 1992 (as per BC Assessment)
• Total interior square footage: 1899 sq ft (as per BC Assessment)
  • Main floor & second floor: 1401 sq ft combined (as per BC Assessment)
  • Basement: 498 sq ft (as per BC Assessment)
• Basement features:
  • Family room which is currently being used as an additional bedroom
  • Storage area under the stairs
  • Door to access the garage
  • Gas fireplace
• Fridge, stove, dishwasher, washer & dryer are all included
• Gas fireplace featured in living room on second floor
• Living room and dining room on second floor have laminate flooring which was installed 2018 (as per Seller)
• Stairs from main entrance are bare. An additional 265 sq ft of new laminate flooring and underlay materials will be left with the property to complete this project (as per Seller)
• Kitchen was renovated in 2016 and features white cabinets with new appliances and laminate counter tops (as per Seller)
• 100 AMP breaker panel
• Flooring: laminate and tile
• Furnace is American Standard brand and was installed in 2017 (as per Seller)
• HWT is Bradford White brand — is over 10-years-old but functioning well (as per Seller)
• Roof was replaced in 2007 (as per Seller)
• Windows are original aluminum double-pane windows (as per Seller)
• Windows blinds were replaced in 2013 (as per Seller)
• On municipal water and sewer services
• Fenced backyard with grass and small stone patio
• Second patio is located off the kitchen and overlooks the back yard
• Single-car, attached garage with an electric garage door opener
• 1-car parking on driveway
• Located in 40 unit townhome complex
• Strata fee: $305/month (as per Seller)
  • No age restrictions
  • 2 pets allowed
  • Strata does allow rentals but the Seller is unsure if there is a limit and if it has been reached. We believe that rentals are allowed with restrictions. We have ordered strata documents and cannot guarantee that this property can be rented out by the Buyer (Buyer to verify)

• Cosmetic upgrades

Please click HERE for more pictures and information.