Strata Townhouse Flip With Attached Garage in Surrey!! Assigned

  • $535,000
  • 4 beds
  • 2 baths
  • 1771 sqft
Assigned

Located in Surrey’s Fleetwood neighbourhood, this townhome is available for well below the assessed value!! Renovated 3-bedroom townhomes in this same complex have recently sold in less than a week for $690,000, and this property provides the opportunity to follow in the footsteps of other Investors and earn a tidy profit!! This property has 3 bedrooms on the top floor, as well as a rec room being used as a fourth bedroom with a rough-in for a 2-piece bathroom in the basement. This is a pet-friendly and family friendly complex with a pro-active strata that just completed new roofs on all units in 2020. Don’t miss this chance at acquiring a deal on a straightforward flip!!

We are selling our assignable purchase contract.

Closing is November 15th, 2021
**As per our APS, the Seller is permitted to extend or shorten 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. If the Seller is to shorten the closing date, they must provide written notice at least 15 calendar days before the new closing date.**

PROPERTY FEATURES
  • 2-storey strata townhome
  • 3+1 bedrooms (3 bedrooms, as per BC assessment)
    • Master bedroom features an ensuite bathroom
    • 3rd bedroom on the 2nd floor is currently being used as storage 
    • The basement living room is currently being used as a 4th bedroom with a walkout to the backyard
      • The closet in this bedroom is the rough-in for the 2-piece bathroom
  • 2 bathrooms + basement rough-in
    • 3-piece master ensuite located on the second floor
    • 4-piece bathroom located between the first and second floors, halfway up the stairs
    • 2-piece bathroom rough-in located in the basement
  • Built in 1986
  • Total above grade: 1771 sq ft (this sq ft includes the basement as the basement is above grade)
  • First & second floor: 1349 sq ft (as per BC assessment)
  • Basement: 422 sq ft (as per BC assessment)
    • At-grade
    • Rec room (currently being utilized as a bedroom)
    • 2-piece bathroom rough-in (currently being utilized as storage, as per Seller) — see HERE (5:00-5:12)
    • Laundry area
  • Crawl space:
    • Ceiling height of 3.5 ft (Buyer to verify)
    • Accessed from inside the garage
  • Separate entrances:
    • Front door opens to main entrance landing, with the option to go up a set of upstairs to the first floor, or go down a few steps to the basement
    • Door in the garage opens up directly to the basement
    • Sliding doors in the basement rec room/bedroom lead out to the backyard
    • Doors in the living area lead out onto the deck
  • Fridge, dishwasher, oven, washer & dryer will all be included
  • Gas fireplace in living area
  • Flooring is a mix of carpet and older linoleum throughout
  • The main floor features a large family room, gas fireplace, kitchen, and eating area
  • Breaker panel
    • When our Acquisitions Rep visited this property, they could not find any indication of the amperage on the breaker panel itself. The Seller did not know the exact amperage, either. It is very likely the panel is 100 AMP (Buyer to verify)
  • Gas furnace is an unknown age, though it appears to be original from 1986 (Buyer to verify)
  • HWT is owned, and was installed in 2016 (there are over 3 years remaining on its warranty, as per Seller)
  • Roof was updated in 2020 by the strata (as per Seller)
  • On municipal services
  • Property features:
    • Deck area, accessed off of the eating area beyond the kitchen
      • The deck could benefit from power washing and repair of the spindles, however the spindles on the deck are the responsibility of the strata corporation (as per Seller)
      • The view from the deck is of a neighbouring church and daycare
    • Fenced backyard in the rear (fencing was installed in 2019)
    • There are tall fir trees surrounding the property, sitting just behind the fence
  • 1-car, attached garage with in-house access to the basement
    • The electric garage door opener is not functioning (as per Seller)
  • Parking for 1-2 vehicles on the driveway in front of the garage
    • The strata corporation allows owners to fit 2 vehicles in the driveway, side-by-side (as per Seller)
  • Ample outdoor visitor parking located near the unit
  • Strata fee: $518.96/month (Buyer to verify)
    • Fees include: management, gardening and garbage collection
    • There is no age restriction in this complex
    • Pets are allowed in this complex (1 dog and 1 cat, Buyer to verify)
    • Rentals are not allowed in this complex
PROPERTY NEEDS
  • Cosmetic updating
  • One electrical outlet on the second floor deck is not functional
  • The electric garage door opener is not functional

 

Please click HERE for more pictures and information.

Price:
$535,000
Address:
15550 89 Ave
Surrey, BC
Square Feet:
1771
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1986

Call (647) 400-2093 for more details

Property Location