3 Bed, 2 Bath Condo Townhouse Flip or Rental Opportunity in Gloucester!! Assigned

  • $299,000
  • 3 beds
  • 2 baths
  • 1600-1799 sqft
Assigned

This 3-storey, condo townhouse is the best kind of fixer-upper — especially if the goal is to build equity!! The property needs a complete cosmetic overhaul (floors, bathrooms, kitchen, etc.), but has good bones and is offered at a very low price point for the city. The predicted ARV based on comparable sales is very good: a neighbouring property on the same street sold for $400,000+, which would be a 33% equity gain for this unit!! Located in a lovely residential area of Gloucester, with 5 parks within a 1 km radius, shopping at the Gloucester Centre, Innes Road only a 5-minute drive away, and a quick getaway to the NCC Greenbelt/Mer Bleue Bog a mere 10-minute drive by car. Whether the Investor is looking to rent or to re-sell on the market for profit, this will be a deal you don’t want to miss out on!!

We are selling our assignable purchase contract.
Closing is May 2nd, 2022
*As per our APS, the Seller is permitted to extend or shorten the closing 1 time by up to 30 calendar days. If the Seller is to extend the closing date, they must provide written notice at least 30 calendar days before the original closing date. If the Seller is to shorten the closing date, they must provide written notice at least 30 calendar days before the new closing date.***As per our APS, the Seller may leave a few items in the house after closing. Such as, but not limited to, clothes, furniture items, ect.**

PROPERTY FEATURES

  • 3-storey, condo townhouse
  • 3 bedrooms
  • 2 bathrooms
    • 4-piece bathroom is located on the third floor
    • 2-piece bathroom is located on the first floor
  • Built in 1975
  • Above grade: 1600-1799 sq ft (as per MPAC)
  • Basement: 0-499 sq ft (as per MPAC)
  • Flooring: wood, carpet, and tile
  • All appliances will be included
  • 100 AMP breaker panel
  • Baseboard heaters can be seen all throughout the property, and these are the primary source of heat (as per Seller)
  • HWT is rented (as per Seller)
  • No central AC
  • Windows and roof are both maintained by the condo corporation (as per Seller)
  • On municipal services
  • 1-car, attached garage
  • Parking for 1 car on the driveway
  • Condo fees: $400/month (Buyer to verify)
    • Fees include: exterior maintenance (Buyer to verify)
  • Zoning: R3Y[708](as per THIS interactive Zoning Map)

PROPERTY NEEDS

  • Full cosmetic updating

 

Please click HERE for more pictures and information.

Price:
$299,000
Address:
Meadowbrook Rd & Blair Rd
Ottawa, ON
Square Feet:
1600-1799
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Row-house
Year Built:
1975

Call 647-370-0820 for more details

Property Location