Split-Level Flip or Rental Opportunity With Potential for a Secondary Suite on a 17,000 Sqft Ravine Lot in North Delta!! Available

  • $1,070,000
  • 3 beds
  • 3 baths
  • 2753 sqft

This spacious, split-level property in North Delta’s quiet, upscale Sunshine Hills neighbourhood is waiting for an Investor to unlock its full potential!! This unique property offers 4 spacious levels of living space for an Investor to put their finishing touch on, as well as arched, wood ceilings and an amazing ravine lot location. We believe the right Investor could turn this property into a stunner that would fetch top dollar on the market, though buy-and-hold Investors may additionally convert this property into 2 suites, and hold for future gains (Buyer to verify). The lot is over 17,000 square feet and includes a backyard with a sprawling lawn that backs onto a wooded ravine, with no rear neighbours. Homes in this neighbourhood are currently listed at $1,300,000+, however this property can be yours for less than $1,100,000!!

We are selling our assignable purchase contract.

Closing is October 21st, 2021
*As per our APS, the Seller is permitted to extend the closing 1 time by up to 30 calendar days. If the Seller is to extend the closing date, they must provide written notice at least 15 calendar days before the original closing date.*

**As per our APS, the Seller is permitted to remove 3 rose bushes and 1 small Japanese maple from the backyard.**

PROPERTY FEATURES
Please note: Based on the BC Assessment of this property, we strongly believe that the first floor and the basement level combine to make the “basement” (even though half of the “basement” is entirely above grade), and that the second floor and the third floor combine to make the “first floor” of this property. As per BC Assessment, this property is only a 1-storey property, however it is very clearly a split level property that contains 4 floors: the bottom basement, the main floor (which contains the foyer, a living room and an office), the second floor (which contains another living room, dining area, and kitchen), and then the third floor (containing all of the bedrooms). Buyer to verify the square footage of each level.
  • 3 bedrooms + den
    • The third bedroom upstairs is currently set up as a sewing room
    • The den on the third floor could easily be set up as a fourth bedroom, and features arched, wooden ceilings as well as a window. However this room does not feature a closet.
  • 3 bathrooms
    • 3-piece bathroom with standing shower located in the basement
    • 4-piece bathroom located near the bedrooms
      • This bedroom was renovated before the current owners took possession (as per Seller)
    • 2-piece master ensuite
  • Built in 1971
  • Total interior square footage: 2753 sq ft (as per BC assessment)
    • Main floor: 1572 sq ft (as per BC assessment)
      • We believe that the square footage for this floor includes the second floor (one floor up from where you enter via the front door), as well as the third floor, which contains all of the bedrooms.
    • Basement: 1181 sq ft (as per BC assessment)
      • We believe that the square footage for this floor includes the main floor (where you enter to via the front door), as well as the bottom basement.
  • Basement features:
    • Prior owners of this property rented out the bottom basement as a suite (as per Seller)
      • The office that is currently set up in the basement area was likely used by the previous owners as a bedroom. The kitchen area was where the laundry machines are currently set up, as you can see some cupboards still remaining (as per Seller) — see HERE, 4:35-4:41 & 5:24-5:49
    • Ceiling height: ~8 ft (Buyer to verify exact height)
    • Gas fireplace located in the basement living room is functional
    • There is cosmetic water damage on the laminate floor and baseboards in the basement living room (see HERE & HERE)
      • The water damage was caused by leaky gutters that have now been repaired. While there is currently no more water leaking into the basement, the damage to the floor and baseboards has not been repaired (as per Seller)
  • Separate entrances:
    • Front door opens into the main floor foyer
    • Door in the main floor foyer leads into the garage
    • Sliding glass doors on the main floor lead out to the backyard patio area
    • Door in the bottom basement also leads out to the backyard, underneath the wooden deck
    • Sliding glass doors on the second floor lead out to the wooden deck with steps that lead down to the patio area
  • Fridge, dishwasher, oven, washer & dryer will all be included
  • Flooring is a mix of carpet, laminate, and tile all throughout the property
  • The second floor features a gorgeous vaulted, wood ceiling and skylight (see HERE)
  • Gas fireplace in the second floor living room is functional
  • Floors slope slightly in one part of the hallway, near the den on the third floor (see HERE, 9:38-9:57)
  • The round pan electrical box in the main floor living area is not functioning (see HERE)
  • 100 AMP breaker panel
    • There is still some aluminum wiring throughout the house that a Buyer may want to replace (Buyer to verify)
  • Gas furnace appears to be original, and is still functional (as per Seller)
  • HWT was replaced in 2019 (as per Seller)
  • Roof was replaced in 2015 (as per Seller)
    • There is currently a small leak in the front peak of the roof that is un-repaired, and there are buckets in the attic to catch the water (as per Seller) — see HERE
  • Windows were replaced 15-years-ago (as per Seller)
    • There is a small window in the basement office that appears to be older than the rest of the windows in the property, and may be up to 30+ years old (Buyer to verify)
    • The sliding doors on the main floor do not appear to be vinyl, and may be up to 30+ years old (Buyer to verify)
  • On municipal services
  • Property features:
    • Wooden deck that exits from the second floor, with stairs that lead down to the backyard
    • Concrete patio area
    • Level backyard area with grass
    • No rear neighbours (the lot slopes downhill into a ravine)
  • Attached, 2-car garage with in-house access
  • Parking for 4 cars on asphalt driveway
  • Lot size: 17,470 sq ft (as per BC assessment)
    • The backyard has a level area with grass, however the lot then slopes downhill into a ravine and turns east, forming an ‘L’ shape (see HERE)
  • Zoning: RS2 (as determined using THIS zoning map)
    • There are many permitted uses in this zone, which include but are not limited to: a secondary suite, or a home occupation, as an accessory to a single detached dwelling and so long as it meets all requirements that are outlined. (see HERE) — Buyer to verify
PROPERTY NEEDS
  • Cosmetic updating
  • Minor roof leak to be repaired

 

Please click HERE for more pictures and information.

Price:
$1,070,000
Address:
74a Ave & Minster Dr S
Delta, BC
Square Feet:
2753
Lot Size:
17,470 sq ft
Bedrooms:
3
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1971

Call (647) 400-2093 for more details

Property Location