Deeply Discounted Raised Bungalow With Split-Level Entry Backing Onto A Ravine in Maple Ridge!! Assigned

  • $750,000
  • 4 beds
  • 3 baths
  • 1883 sqft
Assigned

Deeply discounted and detached properties in scorching-hot, Maple Ridge are extremely rare finds. Requiring only cosmetic upgrades, this 3+1 bedroom split-level home is an absolute dream for any Investor!! Located on a 7200 square foot lot on a quiet street, that backs on to a ravine, this property should fetch well over $1,000,000 on the market, once renovated. Maple Ridge real estate is up 21.9% this year, but you can secure this property well below market value!! Do not miss this opportunity!!

We are selling our assignable purchase contract.

Closing is August 3rd, 2021
*As per our APS, the Seller is permitted to shorten or extend the closing date 1 time, upon giving property notice to the Buyer.*

**As per our APS, the Seller will be permitted to live on the premises for no later than 10 calendar days after closing. The rate will be $100/day (excluding utilities, which will remain in the Seller’s name) calculated on a pro-rated basis. $1000 will be held back by the Sellers’ lawyer in trust as compensation for the Sellers’ stay. Once the Seller has vacated the property and has left it in reasonable condition, the remaining balance, if any, will be released to the Seller within 2 business days.**

PROPERTY FEATURES
  • 3+1 bedrooms
    • Master bedroom features an ensuite powder room
  • 3 bathrooms
    • 2-piece master ensuite
    • 4-piece bathroom located on the main floor
    • Powder room in laundry room in basement
  • Built in 1971
  • Total floor area: 1883 sq ft (as per BC assessment)
  • Main floor area: 1247 sq ft (as per BC assessment)
  • Partially finished basement: 636 sq ft (as per BC assessment)
    • Ceiling height is 7.8 ft (Buyer to verify)
    • Has a rear, walk-out exit
    • Features a spacious bedroom/living area
    • Laundry room/bathroom
    • Gas fireplace
    • Basement appears to be large enough to accommodate a kitchen and full bathroom (Buyer to verify)
  • Separate entrances:
    • Front door opens to landing, with stairs that either lead up to the main floor, or down to the basement
    • Sliding doors in the dining room lead out to the deck area
    • Door in kitchen also leads out to the deck area
    • Sliding door in basement leads directly out to the backyard
    • Door in basement has direct access to the garage
    • Door in garage leads directly out to the backyard
  • 2 gas fireplace (main floor living room & basement living area)
  • Kitchen appears to be original
  • Flooring is a mix of dated carpet and linoleum
  • All appliances are included
  • 100 AMP breaker panel
  • Gas furnace is approximately 10-years-old (as per Seller)
  • HWT is owned and was replaced in 2019 (as per Seller)
  • No central AC
  • Windows appear to be older and are likely original to the house
  • Roof is 5-years-old (as per Seller)
    • The roof comes with a 10-year, transferrable warranty (invoice available, as per Seller)
  • No rear neighbours as this property backs on to a ravine
  • Backyard deck area is attached to the main floor, and looks out to mountain views on a clear day (as per Seller)
  • Backyard area is fenced and also features a pond
  • 2-car, attached garage with in-house access
    • One garage door has a functioning power door-opener, and the other door opens only manually (as per Seller)
  • 6-10 car parking on private driveway
  • On municipal services
  • Lot size: 7208 sq ft (as per BC assessment)
  • Zoning: RS-1 (see HERE)
    • This zoning allows for: temporary tourist accommodation, secondary suites, as well as detached garden suites (see HERE, pg. 47) — Buyer to verify
PROPERTY NEEDS
  • Cosmetic updating
  • Buyer has the option to finish remainder of basement and/or convert basement to a secondary suite/mortgage helper (Buyer to verify)
  • Fencing on one side of the property will need to be updated, as well as landscaping in the yard and the second-last step of the deck stairs

 

Please click HERE for more pictures and information.

Price:
$750,000
Address:
124 Ave & Gray St
Maple Ridge, BC
Square Feet:
1883
Lot Size:
7208 sq ft
Bedrooms:
4
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1971
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location