4-Bedroom Flip or Rental With Renovated Kitchen, Basement Suite, and Amazing Views Near Deer Lake in Burnaby!! Available

  • $1,350,000
  • 4 beds
  • 2 baths
  • 1235 sqft
$250,000 below market value is a great place to start when flipping a property!! This detached bungalow comes with a renovated kitchen and bathroom, well-maintained yard, in-law basement suite, an extension, detached, 2-car garage, and an additional 3 parking spaces. At nearly 2400 square feet of living space, there is an abundance of potential in this property!! With a reasonable amount of additional cosmetic upgrades, this property could absolutely shine on the MLS. Located near Deer Lake and just a short drive to Metrotown, this property’s central location is ideal for commuters and those wanting to to enjoy the outdoors. Similar properties are selling for $1,600,000 or higher on the market, and this is your opportunity to scoop up a detached property and save $250,000 on market prices!!

We are selling our assignable purchase contract.

Closing is January 5, 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 15 calendar days before the original closing date. If the Seller is to shorten the closing date, they must provide written notice at least 15 calendar days before the new closing date.*

**As per our APS, the Seller will be permitted to live on the premises for no later than 90 calendar days after closing. A rate of $100/day (excluding utilities, which shall remain in the Seller’s name) will be owed for the stay. $9000 will be held back by the Sellers lawyer in trust as compensation for the Seller’s stay. Once the Seller has vacated the property and left it in reasonable condition, the remaining balance, if any, of the holdback shall be released to the Seller within 2 business days.**

***As per our APS, the Seller is permitted to leave up to 30 pieces of furniture on the property when moving out.***

PROPERTY FEATURES

  • This property boasts an amazing view of the south Burnaby skyline!!
  • Detached, 1-storey with a raised basement (raised bungalow)
  • Split-level entry
  • Main entry features 2, large doors that were replaced in 2019 (as per Seller)
  • 4 bedrooms
    • 3 bedrooms are located in the main floor unit
    • 1 bedroom is located in the secondary suite
      • This bedroom is large, and could be split into 2 smaller bedrooms (Buyer to verify)
  • 2 full bathrooms
    • 4-piece bathroom is located in the main floor unit (renovated in 2014, as per Seller)
      • This bathroom features double sinks, as well as a walk-in bathtub that can also be used as a shower
    • 3-piece bathroom is located in the secondary suite
  • Built in 1958
  • Above grade: 1235 sq ft (as per BC Assessment)
  • Basement: 1148 sq ft (as per BC Assessment)
    • Ceiling height: 7ft 5 in (Buyer to verify)
    • Separate entrance into the basement is located at the rear of the property
    • 1 bedroom
    • 3-piece bathroom
    • Kitchen
    • Large rec room
      • This area is currently being utilized as an office, and as storage space (as per Seller)
      • There is a wood burning fireplace in the basement rec room (professionally cleaned every other year, as per Seller)
    • Laundry area is located in the basement
  • The basement suite is not considered a ‘legal’ suite (as per Seller)
    • As per Burnaby’s Zoning Bylaws, secondary suites are permitted, so there is a possibility that this suite could be legalized (Buyer to verify)
  • 2 fridges, 2 stoves, 2 dishwashers, 2 microwaves, 1 washer & 1 dryer will all be included
    • Washer and dryer were replaced in 2021 (as per Seller)
  • Main floor kitchen features stone countertop, cork flooring, and modern white cabinets (renovated in 2014, as per Seller)
  • Main floor features an addition/extension that was completed with permits in 2014, and is heated with electric baseboard heaters (as per Seller)
  • Main floor living room features a wood burning fireplace and wall panelling made of honey wood (fireplace is professionally cleaned every other year, as per Seller)
  • Elevator/lift located at the rear of the property that allows for someone to be lifted from the ground floor onto to the deck, in order to enter the main floor
  • Flooring:
    • Carpet in main living area, hallways and stairs
    • Kitchen and dining room on the main floor feature cork flooring
    • Bedrooms on the main floor have original parquet flooring
  • 2 electrical panels:
    • 100 AMP breaker panel, located in the basement (replaced in 2017, as per Seller)
    • 220 AMP breaker panel, located in the bonus/storage room (replaced in 2017, as per Seller)
  • Gas furnace was replaced in 2018 (as per Seller)
  • HWT was replaced in 2008 (as per Seller)
  • Central AC
  • Roof was replaced in 2014 (as per Seller)
  • Windows are vinyl, and were all replaced between 2012-2014 (as per Seller)
  • 2 sheds:
    • 1 located at the side of the property
    • 1 located in the backyard
  • Paving stones in the front of the property that lead to the house, and wrap around the property
  • Small deck at the rear of the property
  • Tall, well-kept privacy hedges
  • Clothesline in the rear of the property
  • 2 water collection barrels located on the sides of the property
  • 2-car, detached garage located at the rear of the property and is accessed by a laneway
    • There is a wall separating each side of the garage (as per Seller)
  • Parking for 3 cars on an asphalt parking pad, located at the rear of the property (re-paved 3-years-ago, as per Seller)
    • There is a metal frame over 1 of the rear parking spaces, and the Seller has a cover that can be installed over this frame which will be included
  • Lot size: 62 ft x 120 ft (as per BC Assessment)
  • Zoning: R2 (as per THIS interactive zoning map)
    • The R2 zone allows for single family dwellings, home occupations, accessory buildings and secondary suites (see HERE)

PROPERTY NEEDS

  • Minor cosmetic upgrades

 

Please click HERE for more pictures and information.

Price:
$1,350,000
Address:
Royal Oak Ave & Eglinton St
Burnaby, BC
Square Feet:
1235
Lot Size:
62 ft x 120 ft
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1958

Call (647) 400-2093 for more details

Property Location