!!QUICK CLOSING!! 2-Storey Flip or Rental Opportunity in Brampton!! Available

  • $695,000
  • 3 beds
  • 3 baths
  • 1500 sqft

This detached 2-storey is a well-maintained home in the Brampton West neighbourhood that boasts 1,500 sq ft above grade, with 9 ft ceilings on the main level, quartz kitchen countertops, and a good-size backyard. There is also a separate addition at the back which holds a laundry room, full bathroom, and family room!! The furnace, roof, and back deck have all been updated within the last 5-7 years, but there’s ample room for an Investor to improve finishes for an end-user. This property borders on English Street Park and is a short walk away from Main St, where all the conveniences of shopping are located. Buy-and-hold, quick flip, or a turnkey investment are all possible here!! Avoid the MLS pandemonium and buy this excellent investment property in a highly performing city in the GTA!!

We are selling our assignable purchase contract.

Closing is October 4th, 2021

PROPERTY FEATURES
  • 2-storeys (as per MPAC)
  • 3 bedrooms
    • The master bedroom features a walk-in closet
    • 1 bedroom on the second floor does not feature a closet
  • 3 bathrooms
    • 4-piece bathroom in the main floor addition
    • 2-piece bathroom in the basement
    • 4-piece bathroom on the second floor
  • Built in 1920
  • Above grade: 1500 sq ft (as per MPAC)
    • First floor: 1014 sq ft (as per MPAC)
    • Second floor: 486 sq ft (as per MPAC)
  • Partially finished basement: 486 sq ft (as per MPAC)
    • Ceiling height is below 6’6 ft (Buyer to verify)
  • Separate entrances:
    • Front door opens right into the living room
    • Side entrance opens to a hallway that leads straight into the main floor addition, but can also lead into the kitchen as well
    • Sliding glass doors in the back addition lead out to the deck area
  • All appliances will be included, except for the 2 large freezers in the basement
  • Kitchen features newer cabinets and quartz countertops (as per Seller)
  • Main floor addition features:
    • 1 full bathroom
    • A large living room area
    • A laundry room
    • This main floor addition was rented out by a previous owner of this property, however given the layout of this property, we believe that the kitchen area likely would have been shared between the tenants and the previous owners
  • Flooring is a mix of laminate and vinyl throughout the main level (hardwood floors are underneath, as per Seller)
  • 100 AMP breaker panel
    • When the property was viewed by our Acquisitions Rep, there were no visible signs of knob & tube (Buyer to verify)
  • Gas furnace is 6-years-old (as per Seller)
  • HWT is 7-years-old (as per Seller)
  • Central AC is 1-year-old (as per Seller)
    • All HVAC items are rented, however they will all be paid out by the Seller on closing, including the HWT. No monthly fees!
  • Windows are a mix of ages, as there are some wood windows upstairs, vinyl windows on the main floor, and a divided light vinyl window in front living room (as per Seller)
  • Roof is 5-years-old (as per Seller)
  • Backyard features:
    • Wooden deck in the backyard that was built 2-years-ago (as per Seller)
    • Gardening area
    • Metal tool shed
  • Exterior is aluminium siding
  • Awning over the front entrance allows for a porch seating area
  • On municipal services
  • Parking for 2 cars on private driveway
  • Lot size: 40 ft x 102 ft (as per MPAC)
  • Zoning: R1B (as per MPAC)
    • When reviewing the permitted uses for this zone, it does not mention that any secondary or accessory suites are allowed by the City of Brampton, meaning that the previous rental of the main floor addition was most likely illegal. Given that it also is not set up as a full, self-sustaining unit, we would not advise that particular use of the main floor addition going forward (see HERE) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updates

 

Please click HERE for more pictures and information.

Please note: The Seller is currently arguing with a neighbour over a property line dispute. The neighbour is claiming that our Seller’s fence encroaches 3 feet onto their lot. The neighbour has casted many accusations and threats at the Seller. While these accusations may be baseless, the Seller has provided to us with a copy of the land survey as the Seller does not believe there is any encroachment.
Price:
$695,000
Address:
Main St N & English St
Brampton, ON
Square Feet:
1500
Lot Size:
40 ft x 102 ft
Bedrooms:
3
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1920
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location