$100K+ Discount on Condo Townhouse - Easy Flip or Move In

Aaron Moore

Frequent Forum Member
REIN Member

Wholesale townhouse for $100k off current market value!​

Lots of updates already done in the last few years...new kitchen, basement, windows, etc. A few thousand dollars on some lipstick updates and a cleaning lady will go a long way! The complex offers an outdoor pool and playground at an ideal location near Hwy 410 and transit, walking distance to shopping and schools.

How can you profit?
1) Several townhouses on the street have recently sold in the mid $600s, without any significant updates. Our house is probably already in that range as-is.
2) A few choice updates could make this the unit the talk of the complex. Unrenovated units have sold close to $670k. How much more could you get with a nice reno?
3) Realtors - we'll pay you 2% on this one. Bring your clients! If they need to push closing a little later for bank financing, we can arrange that.

SUMMARY:
- LOCATION: Brampton, ON (Kennedy & Queen)
- PURCHASE PRICE: $545,900 Or Best Offer
- CURRENT MARKET VALUE: Comps in similar condition are selling from $640k-$670k this fall.

- CLOSING: January 3, 2023 or a bit later if you prefer. (This is an assignment sale.)
- TYPE: Condo Townhouse (2 storeys)
- BEDS/BATHS: 3 beds/2 baths
- PARKING: 1 parking spot
- BASEMENT: Finished
- SQFT: 1281 sq. ft.
- AGE: 1975
- CONDO FEES: $538.46 (includes water & cable)
- PROPERTY TAX: $2,472

RENOVATIONS NEEDED:
- A good scrub! A weekend with a bucket is the main thing this house needs.
- Very minor cosmetics updates: some minor drywall repair, tub reglaze, new carpet on stairs, paint job.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you'd like to renovate.

GOOD NEWS:
- New kitchen 2017
- Basement done 2019
- New insulation in attic
- New windows 2 weeks ago

PICTURES are here: https://www.housedealsgta.ca/property/brampton-investment-real-estate/
 
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