Open Concept Bungalow Flip or Rental Opportunity in Brampton!! Available

  • $775,000
  • 3 beds
  • 2 baths
  • 793 sqft
Despite detached prices in Brampton exceeding $1,650,000, buying wholesale affords you the opportunity here to cinch this bungalow nearly $900,000 below that benchmark and without competing in MLS bidding wars!! Buy in one of the GTA’s fastest appreciating markets with 41% YOY increase, obtain some upfront equity, and assume a property that does not require extensive work and boasts much potential with its open layout, island kitchen, and compact yet functional floor plan. Located in Brampton’s Central Park and nestled on a quiet crescent, this is one of the only bungalows on the block, close to Bramalea City Centre, Hwy 410, and the sprawling Chinguacousy Park. Current listings start around $799,999 and you know that is purposely low in order to drive interest. This lot is not intensive for a landlord Investor, and the price is easier on the carrying costs for a quick flip. One of the most recent 2 bedrooms nearby sold for $962,000 and wasn’t renovated!! Imagine the possibilities and upside here — hard to find in this ballistic seller’s market!!

We are selling our assignable purchase contract.

Closing is June 14th, 2022
*As per our APS, the Buyer agrees to pay the Seller’s cost of a storage pod upon the waiving of its conditions up until closing. The Buyer agrees to order and pay for the pod within 5 business days after waiving of their conditions and upon Seller’s request.*

**As per our APS, the Buyer agrees that the Seller can remain in the property for up to 48 hours after closing at no expense. The Buyer may hold back $5000 CAD and agrees to release it back to the Seller without any deduction if vacant and broom swept condition is provided.**

***As per our APS, the Buyer agrees that the Seller may advance the closing date 1 time as early as 60 calendar days, provided that they notify the Buyer at least 14 calendar days before the new closing date.***

****As per our APS, the Buyer agrees to pay the Seller’s legal fees on the sale up to an amount that shall not exceed $1500 CAD (HST included).****

PROPERTY FEATURES
Please note: The Seller anticipates that they will be leaving all appliances, but the APS gives them the option to take them at no additional expense.
  • 2+1 bedrooms
  • 2 full bathrooms
    • 4-piece bathroom located on the main floor
      • This bathroom features ceramic tile (as per Seller)
    • 3-piece bathroom located in the basement
      • This bathroom has no exhaust fan or window (as per Seller)
  • Built in 1973
  • Above grade: 793 sq ft (as per MPAC)
  • Finished basement: 793 sq ft (as per Seller)
    • Ceiling height is 7’1 ft (Buyer to verify)
    • No windows in the basement
    • Laundry area is located in the basement
    • Basement is half tile and half laminate flooring, installed 8-9 years-ago (as per Seller)
  • Separate entrances:
    • Side door leads into the main entrance way
    • Sliding glass door in the living room area leads out to the side yard
  • All appliances will be included, at the Seller’s discretion
  • Large L-shaped kitchen with island and eat-in area
  • Living room is open concept, with laminate hardwood floors and 2 large windows
  • Fuse panel
  • Property is heated through electric baseboards
    • There is no gas line, but the Seller claims there is gas on the street (Buyer to verify)
  • HWT is owned (as per Seller)
  • No AC
  • Windows are original (as per Seller)
  • Roof is 4-years-old (as per Seller)
  • Aluminum siding exterior
  • Side yard is covered with a pressure-treated deck, metal arbour, and garden shed
  • On municipal services
  • 2-car, private driveway
  • Lot size: 27.84 ft x 66 ft (as per MPAC)
  • Zoning: RM1(A) (as per MPAC)
  • Vacant possession

PROPERTY NEEDS

  • Cosmetic updating

Please click HERE for more pictures and information.

Price:
$775,000
Address:
Queen St E & Central Park Dr
Brampton, ON
Square Feet:
793
Lot Size:
27.84 ft x 66 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1973
Basement:
Finished basement

Call 647-370-0820 for more details

Property Location