Flip or Rental on Huge Corner Lot in Upscale Langley Neighbourhood!! Assigned

  • $925,000
  • 5 beds
  • 3 baths
  • 2646 sqft
Assigned

Potential abounds with this Langley City gem!! Located in the exclusive Mossey Estates neighbourhood, this raised bungalow has the bones to be an absolute stunner after cosmetic updates. Un-renovated homes in this neighbourhood are selling for $1,200,000+ (see comparables listed below), but this property is being offered well below $1,000,000!! Investors can choose to fully renovate and list the property on the market, or convert each level into a separate, income-producing suite (Buyer to verify). A substantial payday could be in store for a savvy Investor!!

We are selling our assignable purchase contract.

Closing is August 19th, 2021

PROPERTY FEATURES
  • 2-storeys (1-storey + basement, as per BC assessment)
    • This property is listed as being a 1-storey with a basement however, the entire “basement” area is above grade (Buyer to verify).
    • The main front door leads to the lower (main) floor which is considered the “basement” in the BC assessment (see HERE; min. 2:14)
  • 5 bedrooms (3 bedrooms, as per BC assessment)
    • 3 bedrooms are located on the upper floor
      • The master bedroom on the upper floor features a walk-in closet, with attic access via drop-down stairs, as well as a 3-piece ensuite bathroom
    • 2 bedrooms are located on the lower floor
  • 3 bathrooms
    • 3-piece master ensuite
    • Unfinished, 4-piece bathroom located on the upper floor
      • This bathroom is currently missing a sink and toilet, and will require cosmetic updating (as per Seller)
    • Unfinished, 3-piece bathroom located on the lower floor (as per Seller)
  • Built in 1975
  • Total floor area: 2646 sq ft (as per BC assessment)
    • First floor (upper floor): 1428 sq ft (as per BC assessment)
    • Finished basement (lower floor): 1218 sq ft (as per BC assessment)
      • The entire “basement” area is above grade and the front door leads into the lower floor (see HERE; min. 2:13)
  • Separate entrances:
    • Front door opens to the lower floor entrance way
    • Back door on the lower floor leads out to the backyard area
    • Sliding glass door on the upper floor leads out to deck located above the 2-car garage
    • Additional sliding glass door on the upper floor leads out to the deck located above the 2-car garage
  • Dishwasher, fridge, stove, washer and dryer will all be included 
  • Upper floor has a beautiful wood, vaulted/cathedral ceiling that measures 14’8” at its peak (as per Seller)
  • New, gas fireplaces were installed on both floors in 2016 (as per Seller)
    • The lower floor fireplace is missing a receiver to communicate with the remote control, and is not functional without this (as per Seller)
  • Kitchen on the upper floor is in original condition and will require cosmetic updating (as per Seller)
  • Additional kitchen on the lower floor is partially finished (as per Seller)
  • Laundry room is located on the lower floor
  • 100 AMP breaker panel
    • Some of the electrical wiring has been disconnected in the lower floor, so lights are not functioning (as per Seller)
  • Gas furnace was replaced in 2013 (as per Seller)
  • HWT is owned (exact age is unknown, as per Seller)
  • Central AC
  • On municipal services
  • Windows are original (as per Seller)
  • Roof was replaced in 2017 (as per Seller)
  • Backyard area is fenced with PVC, which was updated sometime in the last 7 years (as per Seller)
  • 1 shed that is in poor condition
  • 2-car, attached garage features in-house access to the lower floor, as well as a deck area located on its roof
    • Cedar fascia boards were installed just above the sliding glass doors on the deck area in 2019, though have not been sealed yet (as per Seller)
  • Parking for 2-3 cars on driveway
  • Large corner lot: 7888 sq ft (as per BC assessment)
  • Zoning: RS1 (see HERE)
    • This zoning allows for a single family residence, as well as a secondary suite. (see HERE, pg. 56-57) — Buyer to verify
PROPERTY NEEDS
  • Full cosmetic update
  • Electrical work in lower floor
  • Receiver for upper floor fireplace
  • Possibility to convert one floor into a secondary suite (Buyer to verify)

 

Please click HERE for more pictures and information.

Price:
$925,000
Address:
45a Ave & 204 St
Langley, BC
Square Feet:
2646
Lot Size:
7888 sq ft
Bedrooms:
5
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1975

Call (647) 400-2093 for more details

Property Location