2-Storey Condo Townhouse Quick Flip in Guelph!! (Over 1,100 Sqft For Under $500K!!) Assigned

  • $449,999
  • 3 beds
  • 2 baths
  • 1113 sqft
Assigned

This excellent condo townhouse is over 1,100 square feet, and requires cosmetic updating!! While built in 1977, this unit has an HVAC system, a mostly brick exterior, a finished basement, low maintenance fees, and surface pad parking. Located in the desirable west Guelph, central and close to schools, hospitals, libraries, Stone Road Mall, and Hanlon Expressway, this is a profitable flip and affordable rental in equal measure!! A great price for a property in a complex that is in-demand, and has units typically selling in under 10 days on the MLS!! Don’t miss out!!

We are selling our assignable purchase contract.

Closing is September 7th, 2021
**Please note: This property is tenant-occupied, but vacant possession is required. In the event the tenants haven’t vacated upon closing, the Seller is allowed to extend the closing date up to 5 business days. If the tenants haven’t left after this 5 day grace period, the Buyer can cancel the APS and refund their deposit with our consent or offer the Seller an extension at $2,500 per 30 days on a prorated basis. The Buyer can also, in their sole discretion (not requiring our consent), assume the tenants at a $30,000 price drop. If the Seller signs any N11, N9, or LTB forms with the tenants, they have contractually agreed to deliver copies of these fully executed documents.**

**Upon closing, the Buyer will be responsible for paying up to $5,000 (HST included) to buy out the Seller’s furnace and AC. This buyout is estimated to be between $5000-8000 (as per Seller).**

PROPERTY FEATURES
  • 2-storeys
  • 3 bedrooms
    • Each bedroom features a bi-fold closet
  • 2 bathrooms
    • 4-piece bathroom is located on the second floor
    • Large, 2-piece bathroom is located in the basement
      • Our acquisitions rep has noted that the 2-piece bathroom in the basement is quite large, and could accommodate a standing shower like many of the comparables (Buyer to verify)
  • Built in 1977
  • Above grade: 1113 sq ft (as per MPAC)
    • First floor: 548 sq ft (as per MPAC)
    • Second floor: 565 sq ft (as per MPAC)
  • Basement: 558 sq ft (as per MPAC)
    • Utility room is the only area that remains unfinished (as per Seller)
    • Wet bar
    • Laundry area
  • All appliances belonging to the Seller will be included
    • Stainless steel appliances are included, however the stove elements are scorched and need repair
    • Washer and dryer are included, and are located in basement
  • 100 AMP breaker panel
  • Gas furnace, central AC, and water softener are all rented, and are approximately 7-years-old (as per Seller)
    • The Buyer will be responsible to buy out the rental furnace and AC up to $5,000 including HST (as per the APS)
    • Buyer to assume water softener rental
  • HWT is rented, and was replaced a few-days-ago (Buyer to assume rental)
    • The previous HWT rusted out, and has been taken off site. A small leak resulted in the basement, though it’s been cleaned up and only a small part of the carpet is stained (as per Seller)
  • Brick and aluminum siding exterior
  • On municipal services
  • 1 private parking space is assigned to the unit (included in condo fess, as per Seller)
    • No visitors parking is available in the complex, only resident parking and a few spaces reserved for contractors (as per Seller)
  • Condo fee: ~$380/month (as per Seller)
    • Includes: insurance, building maintenance, common elements, decks, doors, landscaping, PM fees, roof, snow removal, water, windows (as per Seller & MLS listings) — Buyer to verify
    • Property Management is through Sanderson Management (as per Seller)
  • Zoning: R4-11 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating

 

Please click HERE for more pictures and information.

Price:
$449,999
Address:
Willow Rd & Westwood Rd
Guelph, ON
Square Feet:
1113
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1977
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location