2-Storey Condo Townhouse Flip or Rental in Stoney Creek!! Assigned

  • $430,000
  • 4 beds
  • 2 baths
  • 1222 sqft
Ranked as one of Ontario’s Most Affordable Medium-Sized Cities, Stoney Creek is an easy-living community located less than 15 minutes away from Hamilton Mountain, and situated next to bus routes and various access roads, such as Hwy 8, King St, and QEW throughway. At Gateshead, the condo fees are low (only $385/month, as per Seller) and cover water, parking, and cable. The complex is family friendly, and comes with a park and playground for much-needed leisure. This property is an ideal investment for a flip or rental to take advantage of cashflow and appreciation. This townhouse is a near-end unit, straight across from parking and easy walk-around access to its backyard. Convenience is the name of the game here!! No similar units have sold at this address since November of 2020 (currently listed #57 is a different model), which makes this one opportunity you will not want to miss out on!!

We are selling our assignable purchase contract.

Closing is June 29th, 2021
**As per our APS, the Seller is permitted to extend closing 1 time, for up to 60 days.**

PROPERTY FEATURES
  • 2-storeys (as per MPAC)
  • 3+1 bedrooms
    • Additional room in basement is currently being used as a bedroom, though needs a door to be considered a 4th bedroom
    • Triple-door closets in 2/3 bedrooms
  • 2 bathrooms
    • 4-piece bathroom on the second floor
    • Powder room on the main floor
  • Built in 1976 (renovation year listed as 2008, as per MPAC)
  • Above grade: 1222 sq ft (as per MPAC)
    • First floor: 611 sq ft
    • Second floor: 611 sq ft
  • Finished basement: 611 sq ft (as per MPAC)
    • Laundry room
    • Spacious rec room
  • Kitchen layout is open concept
  • Hardwood floors on main level are in fair condition, though under some wear and tear
  • All appliances will be included
    • Bosch dishwasher in the kitchen is newer (as per Seller)
  • Fuse panel
  • HE gas furnace is approximately 6-years-old (as per Seller)
  • HWT is rented — Seller estimates the cost to be ~$50 every 3-4 months (exact age unknown, as per Seller)
  • Water softener and filtration system are both rented, but the contracts and registered liens will be paid out and discharged by Seller in full upon closing (verbally agreed to by Seller)
  • Central AC
  • Vinyl windows were installed in 2014 (as per old listing)
  • Roof was re-shingled approximately 1-year-ago (as per Seller)
  • Second half of the backyard was laid with interlocking stone during this Seller’s ownership (as per Seller)
  • Brick and vinyl siding exterior
  • On municipal services
  • 1-car parking space on surface pad, with visitor parking available (approximately a 2-minute walk away, as per Seller)
  • Condo fee: $385/month (Buyer to verify)
    • Included: cable TV, water, insurance, exterior maintenance, parking, snow removal, lawn, roof, doors, windows, fences, common elements (Buyer to verify)
  • Zoning: RM3 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating

 

Please click HERE for more pictures and information.

Price:
$430,000
Address:
ON-8 & Gateshead Cres
Stoney Creek, ON
Square Feet:
1222
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1976
Basement:
Finished

Call (647) 400-2093 for more details

Property Location