2-Storey Condo Townhouse Quick Flip or Rental Opportunity with Fully Finished Basement in Whitby!! Available

  • $420,000
  • 3 beds
  • 1 baths
  • 1040 sqft

Located close to all amenities and the 401, this condo townhouse in Whitby is a steal of a deal and perfect for Investors looking for a quick flip or rental opportunity!! Extremely well-maintained, with a partially secluded front yard patio area, this property boasts 3 bedrooms, 1 full bathroom, a fully finished basement, dedicated parking, an owned AC unit, separate laundry room, a new roof in 2020, and fresh paint 4-months-ago. While it could easily be rented as-is for a quick profit, we believe that with a little bit of cosmetic updating it could easily sell above $500,000, or rent at a much higher rate given the demand for rentals and low availability of these particular townhomes. The average 3 bed condo townhouse in Whitby sells for $781,000, up 31% over this time last year. At only $420,000, you can’t pass up the opportunity to invest in one of the GTAs hottest markets for almost half of the average sale price!!

We are selling our assignable purchase contract.

Closing is September 22nd, 2021
**As per our APS, the Seller may stay in the property for a maximum of 30 calendar days after closing. The Buyer and Seller agree that the amount of $10,000 will be held back from the sale proceeds (to be held in trust with the Buyer’s lawyer, until the Seller vacates). If the Seller does not vacate within the 30 days allotted after closing, the $10,000 holdback will not be provided to the Seller, but rather will be forfeited to the Buyer on the 31st calendar day following closing. Further, the Buyer will not be responsible for paying any utilities not included in the condominium fees during the maximum 30 day period following closing.**

PROPERTY FEATURES
  • 2-storeys (as per MPAC)
  • 3 bedrooms
  • 1 full bathroom
  • Built in 1974 (renovated in 2015, as per MPAC)
  • Above grade: 1040 sq ft (as per MPAC)
    • First floor: 508 sq ft (as per MPAC)
    • Second floor: 532 sq ft (as per MPAC)
  • Finished basement: 443 sq ft (as per MPAC)
    • Ceiling height of 7.5 ft, and 6.542 ft to duct (Buyer to verify)
    • Fire escape is located in the basement
  • Separate entrances:
    • Front door opens to main entrance way
    • Sliding patio doors lead from the private, front patio into the living room
  • All appliances will be included
    • New hood for stove was installed in July 2021 (as per Seller)
  • Flooring is a mix of laminate, carpet, and tile throughout
  • Interior was painted 4-months-ago (as per Seller)
  • 100 AMP breaker panel
  • HE gas furnace is rented, and was installed in 2014 (as per Seller)
    • The cost of the furnace rental is $22.92/month (Buyer to verify)
  • HWT is rented, and was installed prior to the Seller taking ownership in 2018 (as per Seller)
  • AC is owned, and was installed prior to the Seller taking ownership in 2018 (listed as no AC in the MPAC)
  • Windows were last updated prior to the Seller taking ownership in 2018 (as per Seller)
  • Roof was updated in the Fall of 2020 (as per Seller)
  • Outdoor drain pipe & the patio walkway that leads to the front deck area were updated in the Fall of 2020 (as per Seller)
  • On municipal services
  • Condo fee: $616.89/month (Buyer to verify)
    • Fees include: windows, roof, water, exterior maintenance (ie. snow removal, lawn mowing, etc.) and parking
  • 1 outdoor parking spot is included in condo fees
    • Parking spot is located around the corner from the unit in the parking lot (as per Seller)
  • Property taxes: ~$2200-2300/year (Buyer to verify)
  • Zoning: R4 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating, if desired

 

Please click HERE for more pictures and information.

Price:
$420,000
Address:
Dundas St E & Craydon Rd
Whitby, ON
Square Feet:
1040
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1974
Basement:
Finished

Call (647) 400-2093 for more details

Property Location