This prime, double lot in Crescent Park is a stellar 100 ft x 122 ft and is adjacent to a vacant yard. Located on a very mature and established street and described by Geowarehouse as a “Duplex”, this detached property is an up-and-down 2 unit, with 2 separate hydro meters, 2 separate entrances, a double-wide driveway, spacious backyard, and on a crawl space, meaning no musty basements to worry over!! This property is on a street riddled with custom-built homes, selling in excess of $800,000+!! According to Point2Homes, prices in Crescent Park start at $600,000 and yet here’s a nearly 2,000 square feet property for $200,000 less than that baseline. More than a flip, this property could be torn down and built into a new custom home similar to 653 Buffalo Rd (90.62 ft x 150 ft). Exit Options!! Built-In Equity!! Forced Appreciation!!
We are selling our assignable purchase contract.
Closing is October 28th, 2021
*As per our APS, the main level on the subject property is to be left in vacant possession on closing. The Buyer understands that the upper level on the subject property is rented to tenants at a monthly rent of $850 and the Buyer will assume these tenants and become the sole collector and beneficiary of these rents upon closing. The Sellers agree to provide a properly completed “Tenant Acknowledgment” to the Buyer within five (5) calendar days after offer acceptance to verify all the lease information that has been disclosed by the Seller up until acceptance of this Offer.*
**Please note: As per the Seller, the tenants are up-to-date on their payments and have lived in the property for 7 years. Per our Acquisitions Rep, the tenants seem friendly and are completely aware of the sale. Our Acquisitions Rep believes they would be receptive to a fair cash-for-keys agreement, though the subject hasn’t been openly discussed yet. While we can never guarantee a tenants’s full co-operation, they did not seem like “problem tenants” during our initial inspection. The Sellers have agreed to provide a Tenant Acknowledgement Form to the Buyer, verifying all the terms of the M2M lease.**