!!GREAT DEAL!! 2-Storey Stacked Townhouse With 3 Bedrooms Near the QEW in Mississauga!! Assigned

  • $525,000
  • 3 beds
  • 2 baths
  • 1178 sqft
Assigned
You can’t beat a price point like this in Mississauga, where the average housing price now exceeds $1,050,000!! This is a nearly 1200 sq ft condo with 2-storeys and 3 full bedrooms, as well as an impressive skyline view for a mid-rise. While it’s not the newest building on the block, an Investor is set to inherit a unit that is ample in size, and conveniently located near Westdale Mall, U of T Mississauga, golf clubs, parks, and the QEW. There are currently no units for sale in this complex — a nearby unit in worse condition recently sold for $550,000!! Surrounding condo sales are all asking $700,000+ whereas this unit can be secured for almost $200,000 less!! Lots of room to profit. While the unit is untidy and unkempt from tenants, it’s mostly a quick cosmetic update without a major facelift. Kitchen counters are granite, SS appliances, and decently maintained laminate floors. Cheap and cheerful, an investor has the chance to own a condo for $429/sqft when Toronto prices are commanding over $1,200/sqft now in multiple offer scenarios!! Score!!

We are selling our assignable purchase contract.

Closing is March 29th, 2022
*As per our APS, the Seller has the right to extend closing 1 time for up to 30 calendar days, at no additional expense to Buyer or Seller, provided the Seller gives notice to the Buyer at least 7 calendar days before the closing date of March 29, 2022.*

**As per our APS, The Seller agrees to provide a clean, broom swept and vacant condition of the subject property on closing. The Seller acknowledges that the Buyer first inspected the subject property on February 5, 2022 and the Buyer agreed to purchase the property in as-is condition based on the condition of the unit at that time. If any damage or neglect is caused by the Seller or tenants that wasn’t occurring during the Buyer’s initial inspection, the Seller and Buyer agree that that damage or neglect does not constitute an “as-is” sale and the Seller will be solely responsible to repair such damage or neglect unless the Buyer and Seller mutually agree to other terms. The Buyer agrees that, if such damage or neglect were to occur, it will reasonably accommodate the Seller and extend closing if needed for any repairs of this damage or neglect to be completed.**

(Please note: This property comes with vacant possession, however it is currently occupied by 4 tenants who are in arrears on rent and utilities. The Seller has cash for keys’d the tenants and the Seller claims the LTB issued a consent order on February 10, 2022 for the tenants to vacate on March 15, 2022. Our APS allows the Seller to extend up to 30 days to offer vacant possession, if the tenants haven’t left. If the tenants cause damage to the unit that occurs after our contract date, it will NOT be the responsibility of the Buyer to assume the repairs, it will be the Seller’s financial responsibility in full.)

PROPERTY FEATURES
  • 2-storeys
  • 3 bedrooms
    • Master bedroom features walk-in closet
  • 2 bathrooms
    • 2-piece ensuite in master bedroom
    • 4-piece bathroom located on second floor
  • Built in 1973
  • Above grade: 1178 sq ft (as per MPAC)
  • Stainless steel appliances + dishwasher will be included
  • Flooring:
    • Laminate floors on main floor and in bedrooms
    • Hardwood floors in stairwell
  • Kitchen includes custom cabinets and granite countertops
  • Ensuite washer and dryer on 2nd floor between all 3 bedrooms
  • Large balcony with west exposure — beautiful sunsets!
  • 15-30 AMP breaker panel (Buyer to verify)
  • Radiant baseboard heaters are gas-powered
  • No central AC, 2 window units will be included
  • 1 private, underground parking space
    • Surface pad visitor parking is available
  • 1 private locker
  • Gym is a common element on site
  • Condo fees: $765/month (Buyer to verify)
    • Fees includes heat, water, amenities, windows, parking, locker (as per Seller)
  • Property taxes (2021): ~$1533.85/year (Buyer to verify)
  • Zoning: RM7D3 (as per MPAC)
  • **Vacant possession (please see note below)

PROPERTY NEEDS

  • Minor cosmetic updating
**Please note: This property comes with vacant possession, however it is currently occupied by 4 tenants who are in arrears on rent and utilities. The Seller has cash for keys’d the tenants and the Seller claims the LTB issued a consent order on February 10, 2022 for the tenants to vacate on March 15, 2022. Our APS allows the Seller to extend up to 30 days to offer vacant possession, if the tenants haven’t left. If the tenants cause damage to the unit that occurs after our contract date, it will NOT be the responsibility of the Buyer to assume the repairs, it will be the Seller’s financial responsibility in full.**
Please click HERE for more pictures and information.
Price:
$525,000
Address:
Erindale Station Rd & Forestwood Dr
Mississauga, ON
Square Feet:
1178
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1973

Call 647-370-0820 for more details

Property Location