2 Storey Semi Detached in Guelph! Sold

2 Storey Semi Detached in Guelph! Fix and Flip or Rental Opportunity $60K BELOW Market Value! Willow Rd Willow Rd, Guelph, ON Offer Date: FIRST COME FIRST SERVE Closing Date: September 15th, 2023 ** Realtors bring us a client and add your commission on top of the purchase price** About the Property Looking for a flip within one hour of the GTA? Don’t miss out on this opportunity. This 2-storey semi-detached consists of 3 beds and 2 bathrooms. The property sits on a 36ft x 138ft lot and is approximately 1284 sqft. Cosmetically the property could use a full interior renovation as well as some exterior renovations such as a new driveway. However, the A/C, furnace, and water heater were redone 5 years ago saving a buyer a costly job! The A/C and furnace are rentals however they will be paid off in full on closing by the seller. There is a separate entrance in the basement and rough-ins for a kitchen providing basement unit potential. This property is a smoker’s home. Additionally, the appliances will not be included in the sale of the property.  This property would be perfect for a buyer looking to start off Fall with a Home Run flip! About the Neighbourhood  The property is located in Guelph, approximately 1-hour northwest of Toronto. Guelph is located north of Hwy 401 and Hwy 6. Being positioned between the GTA and the Kitchener-Waterloo area, Guelph has become a great residential area as well as a great area for families leaving the GTA. Guelph also has its own Go Transit train station located only 9 minutes away from the subject property for those looking to commute to work. This property is located perfectly close to all amenities including Winners, No Frills, Food Basics, Shoppers Drug Mart, Conestoga College, and more! The subject property is only a 15-minute drive from Hwy 401 providing easy access to both the GTA as well as the Kitchener-Waterloo area. Property Details Semi-detached 2 storey 3 bedrooms 2 bathroom 1 full bathroom 1 powder room Approximately 1284 sqft above grade 642 sqft below grade Partially finished Basement Built in 1974 Electrical is on breakers Copper wiring in the basement. Aluminum throughout the remaining parts of the property as per the seller Partially finished basement Has separate entrance 7′ 4” ceiling height, 6′ 5.5″ under bulkhead (buyer to verify) Electrical and drywall is completed Requires flooring and trim Previous owner had a kitchen in basement (rough ins still behind the wall, as per seller) Furnace 5 years ago Rental, the seller is to buy out on closing A/C was replaced 5 years ago Rental, the seller is to buy out on closing HWT 5 years old Rental to be assumed by Buyer The roof was redone 8 years ago Windows are 17 years old windows in good condition except one older window in the basement that needs to be changed No garage Appliances are not included Property taxes are approximately $3267 Lot size is 36ft x 138ft Zoning R2 Recommended Renovations Cosmetic renovation The exterior driveway needs to be redone Replace one older window in the basement The seller has the option to leave junk behind so we would recommend budgeting for junk removal Pictures and More The Numbers We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity. Wholesale Price: $515,000 We believe that this property is worth $575,000 as-is on the MLS We believe that after a full cosmetic renovation, this property should be worth at least $700,000 on the MLS. Purchase today for $60K BELOW MARKET VALUE Comparable Analysis 597 Willow Rd sold for $635,000 in July 2023. The comparable consists of 3 beds, 1 bathroom and is approximately 1083 sqft. The comparable is a two-story semi-detached, with a 28ftx130ft lot which is smaller compared to the subject property. Cosmetically the comparable property is in better condition than the subject property. The comparable has some minor upgrades such as the kitchen flooring, kitchen cabinets, and paint throughout but otherwise is dated similar to the subject property. We believe after adjustments the subject property would sell for a price of around $575,000 on the MLS. 95 Sanderson Drive sold for $668,000 in July 2023 after 10 DOM! The comparable consists of 4 beds, 2 bathrooms, and is approximately 1455 sqft. The comparable has a fourth bedroom and finished basement, unlike the subject property. The lot size of the comparable is smaller than the subject property at 23ftx130ft. The comparables lot is an irregularly shaped pie lot. Cosmetically the comparable property is dated and needs a full renovation similar to the subject property. Unlike the subject property, the comparable has no separate entrance that leads to the basement. We believe after adjustments the subject property would sell for a price around $575,000 on the MLS in as is condition. 68 Grandridge Cres sold for $720,000 in May 2023. The comparable property consists of 3 beds, 3 bathrooms as well as a 1 car garage and is approximately 1128 sqft as per the listing. It sits on a superior 45ft x 108ft lot and has an attached garage, unlike the subject property which has no garage. Cosmetically, the property has newer finishes inside however it is still not full ARV. The property could use some updates throughout such as updating the kitchen as well as the upper level hallway flooring. The comparable does not have a separate entrance for the basement, unlike the subject property. Factoring in the differences between the subject property and the comparable we believe the subject property would sell for $700,000 on the MLS after a full renovation. Click Here To See ALL Available Properties Click Here To See Our Wholesale Process Explained Need Financing? Looking for a construction cost estimate? SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email info@slgrenovations.ca View our past projects here If You’re Interested…. Email us at info@slgpropertydeals.ca or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.   Please Do Not Go Directly to the Property   Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.