Big Discount on Newer Condo Townhouse

aaronmoore

Frequent Forum Member
REIN Member
This is a newer condo townhouse that you get to buy at a low price. It's in pretty good shape too!
You're probably wondering why you get to buy it at such a big discount. That's because you're buying it with problem tenants who haven't paid rent in a while and aren't allowing showings. You need to buy based on pictures and without seeing inside. You can see the exterior though. If an owner-occupant is buying this, then we may be able to arrange vacant possession.

How can you get the tenants out?
1) Take them to the Landlord & Tenant Board for non-payment.
2) Pay the tenants to vacate. Just factor it into the price. There's a reason why you get to buy this at a big discount!
3) If you or a family member will move in, then that makes it easier to get the tenants out.

SUMMARY:
- LOCATION: 302 College Ave W, Guelph
- PURCHASE PRICE: $409,900 Or Best Offer
- AFTER REPAIR VALUE: $530,000 - smaller unit just sold for this price
- CLOSING: March 01, but might be negotiable (This is an assignment sale.)
- TYPE: 3-Storey End-Unit Condo Townhouse
- BEDS/BATHS: 4 Bed/1.5 Bath
- PARKING: 2 Spaces: Garage + Driveway
- SQFT: 1350 sqft
- AGE: 1992
- CONDO FEES: $306
- PROPERTY TAXES: $3,088

RENOVATIONS NEEDED:
- It's built in the 90's and in good condition, but the finishing aren't fancy.
- Will need some touch-ups after the tenants move out.
- Please take a look at the pictures. Pictures are limited, but we work with what we have.

GOOD NEWS:
- This is a newer condo townhouse at a low price.
- You get rewarded for dealing with a problem tenant.
- This is an end-unit and its probably the biggest unit in the complex.

PICTURES are here: https://www.housedealsgta.ca/property/cheap-townhouses-for-sale-guelph-ontario/
 
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