Keswick Assigned

By November 4, 2020
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $60,000 BELOW Market Value!

Closing Date: November 30, 2020
The Seller may extend the closing date one time for up to 15 days, provided they give the Buyer 21 days notice.

PLEASE NOTE: We will not be setting up a showing for this property. ALL OFFERS MUST BE SIGHT UNSEEN. One of the homeowners has a severe autoimmune illness and is at risk given the current COVID-19 situation. After the acceptance of a firm offer, the Buyer will have the opportunity to view the property ONE time before closing.

Carrick Avenue, Keswick, ON

2 storey detached located in the very desirable Keswick. The subject property is located just minutes from highway 404, schools, Walmart and other shops and Lake Simcoe. This home is structurally sound and has been very well maintained. The roof is in good shape, most of the windows have been redone and both the furnace and central AC were replaced in 2018. This property is suitable for a beginner or experienced investor looking to take on a cosmetic fix and flip with great upside potential.

Property Features

• 2 full storeys
• 2888 sqft above grade
• 1450 sqft basement
• 4 Bedrooms, 2.5 Bath
• Partially Finished Walk-out Basement – majority of the basement is drywalled with pot lights installed, flooring and finishes needed.
• Lot: 50.2 ft Frontage x 157.48 ft Depth
• Furnace and Central AC are 2 years old and owned
• Hot water tank is rented.
• Roof is 10 years old and in good condition.
• Breaker panel
• Zoning – R1

Renovations Needed

• Needs a full cosmetic renovation
• Finishing of the remainder of the basement

We are selling our assignable purchase contract for this excellent FIX & FLIP or Wholetail opportunity.

• Wholesale Price: $639,999 or Best Offer
• We believe that this property is worth $700,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should sell for over $815,000 on the MLS
• Purchase today for $60K BELOW MARKET VALUE

Comparable Analysis

• 31 Carrick Avenue sold in June 2020 for $750,000. It is on the same street as the subject property, has a similar lot and also has 4 bedrooms and a double car garage. 31 Carrick was renovated, although very modestly and not recently. It has a pool and one extra bathroom. We believe after adjusting for the updates and pool but also the market appreciation, our property should sell for approximately $700,000 on the MLS today.
• 82 Tulip sold in June 2020 for $817,000. It has the same number of bedrooms, bathrooms, and garages as our property. It has a pool and has been renovated (some bathrooms still out dated) but has a smaller lot and an unfinished basement. We believe after a full renovation and adjusting for the pool and the unfinished basement, our property should sell for a similar or higher price depending on the finishes and extent of the renovation.