Condo 3 Storey Townhouse in Aurora! Available

  • $619,999

QUICK CLOSING!

Condo 3 Storey Townhouse in Aurora! 

Fix & Flip or Buy & Hold Opportunity!

$100K BELOW Market Value!

Henderson Drive

Henderson Drive, Aurora

Offer Date: FIRST COME FIRST SERVE
Closing Date: February 26th 2024

*The tenant must be assumed by the Buyer. The tenant currently pays $1784 and has lived at the property for 9 years. They are hoping to stay in the property but they are willing to have a conversation regarding vacancy and speaking about an N11. The current lease expires July 14 2024.*

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Checkout your next Buy & Hold or Cash for Keys project in the city of Aurora! This 3 Storey Condo Townhouse consists of 3 bedrooms and 2 bathrooms. Square footage of this property is 1921 sqft and the driveway will comfortably fit 2 vehicles. The home is dated throughout and requires a full cosmetic renovation to bring it back to its former glory. Please note the property is tenanted and the tenant will need to be assumed. The tenant is paying rent ($1784 monthly not including utilities) and may be open to a cash for keys offer. This property is perfect for an investor looking for a buy and hold or cash for keys project! Call TODAY!

Property Details

  • Condo 3 Storey Townhouse
  • End unit
  • 3 bedrooms
  • 2 bathrooms
    • 1 full bathroom
    • 1 half bathroom
  • 1921 sqft above grade
    • First floor: 641 sqft
    • Second floor: 640 sqft
    • Third Floor: 640 sqft
  • 1 car attached garage
  • Built in 1974
  • Condo fees $461
    • Covers roof, windows, general maintenance
  • Tenant is on a lease until July 15th, 2024 and is currently paying $1784 + utilities
  • Main entrance has powder room, living room and utility room
  • Middle floor has kitchen, living and dining room
  • Upper has the bedrooms and full washroom
  • Appliances are included
  • A/C and Furnace were purchased in 2011
  • HWT is a rental with reliance
  • Roof was replaced in 2020 by condo corp as per seller
  • Fuse Panel
    • copper wiring as per seller
  • New windows will be put in the summer of 2024 by the condo corp as per seller
  • Property taxes are approximately $2988

Recommended Renovations

  • Full cosmetic renovation
  • Cash for Keys
  • Seller has the option to leave junk behind so we recommend budgeting for junk removal

The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip or Buy & Hold opportunity.

  • Wholesale Price: $619,999
  • We believe that this property is worth $720,000  as-is on the MLS
  • We believe after a full renovation and depending on finishes, this property would sell for at least $825,000 if not more on the MLS
  • Purchase today for $100K BELOW MARKET VALUE
Price:
$619,999
Address:
Aurora
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1974

Call 647-930-0291 for more details