2-Storey Brick Flip or Rental Opportunity in Norwood!! Assigned

  • $420,000
  • 3 beds
  • 3 baths
  • 1564 sqft
Assigned

Situated in the heart of Norwood, this detached brick, 2-storey is a steady to be flipped. Boasting over 1500 square feet of above grade living space, 3 bedrooms, 2.5 bathrooms, large basement to finish as you please, and a 1.5-car, attached garage, — this property is a complete steal for less than the price of a smaller bungalow in the same area!! With properties in the area selling quickly and above asking, the average property price in Norwood is now $540,500, up over $100,000 from this time last year. For only $420,000 you can’t pass up our 2-storey for significantly less than just your average bungalow!!

We are selling our assignable purchase contract.

Closing is May 27th, 2021
**As per our APS, the property will be emptied upon closing but the Seller will be leaving behind 2 couches, 1 love-seat, and 1 chair in the property.**

PROPERTY FEATURES
This property is situated in a neighbourhood surrounded by Mill Pond Estate Homes (see HERE). We believe that this is the perfect opportunity for a luxury flip to compare to the estate homes on Birch St and Maple St.
  • 3 bedrooms 
    • Master bedroom features double-door entry, as well as a master ensuite bathroom and walk-in closet
  • 3 bathrooms
    • 4-piece master ensuite
    • Additional 4-piece bathroom on the top floor
    • Powder room on the main level
  • Built in 1989 (as per MPAC)
  • Above grade: 1564 sq ft (as per MPAC)
    • First floor: 822 sq ft (as per MPAC)
    • Second floor: 742 sq ft (as per MPAC)
  • Unfinished basement: 855 sq ft (as per MPAC)
    • Ceiling height is approximately 8 ft (as per Seller, Buyer to verify)
    • Laundry area is located in basement
  • Separate entrances:
    • Front door to entrance way
    • Sliding door leads from dining area to backyard
  • Gas fireplace on main level, with a propane hookup located outside the property (as per Seller, Buyer to verify)
  • Wallpaper has been either partially or completely peeled throughout various rooms of the house in order to be replaced, though this was never done (as per Seller)
  • Flooring is a mix of carpeting, tile, laminate, and poured concrete in the basement
    • Carpeting is damaged and the tile has lifted/chipped over the years, both should be replaced
  • 200 AMP breaker panel
  • AC window units, age unknown (as per Seller)
  • Gas furnace is owned and was installed in 2013 (as per Seller)
  • HWT is rented and was installed between 2013-2019 (as per Seller)
  • Windows have not been updated since current owners took possession in 1998 (age unknown, as per Seller)
  • Roof was updated 8-years-ago, however there is a small area where shingles are missing from a windstorm (as per Seller)
  • On municipal services
  • 1-car, attached garage (322 sq ft, as per MPAC)
  • Parking for 4-6 cars on private, paved driveway (as per Seller)
  • Property taxes: $2500-2600 per year (as per Seller)
  • Lot size: 50 ft x 110 ft (as per MPAC)
    • This lot is surrounded by new builds (see HERE, our property is the red dot)
  • Zoning: R1 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic damage to walls throughout the property is from the cats, and will need to be repaired. Holes in the wall near the front door were from the replacement of the front door, and will need to be patched (as per Seller).
  • Water damage on the ceiling of the dining room, from a previous AC leak. The AC leak has been fixed but the cosmetic damage needs to be repaired (as per Seller).

**Please note, our Acquisitions Rep did a virtual walkthrough due to COVID restrictions. As such, there are no pictures of the interior of the property, but there is a video walkthrough.**

 

Please click HERE for more pictures and information.

Price:
$420,000
Address:
County Rd 45 & County Rd 42
Norwood, ON
Square Feet:
1564
Lot Size:
50 ft x 110 ft
Bedrooms:
3
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1989
Basement:
Unfinished

Call (647) 400-2093 for more details

Property Location