Condo Townhouse in Guelph! Assigned

  • $399,999

Condo Townhouse in Guelph!

Fix & Flip or BRRR Opportunity

$50K BELOW Market Value!

700 Paisley Road, Guelph, Ontario

Closing Date: April 29, 2024

The Seller has the option to extend closing to May 17, 2024 given notice is provided by April 8, 2024.

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

About the Property

Looking for your next fix and flip or BRRR in Guelph? Look no further! SLG has the deal for YOU! This 2+1 bedroom, 1.5 bathroom condo townhouse is perfect for all investors! Uniquely about this property, it is actually a bungalow – with 951 sqft above & below grade! Maintenance fees are $470/month, even covering the property’s roof and windows. This property is in some need of TLC (all cosmetic) and would make a great investment property for your next project! Call today to secure your spring project!

About the Neighbourhood 

Nestled in the Parkwood Gardens pocket of Guelph, the subject property is located near many great amenities in a lovely residential neighbourhood. The major intersection is Paisley Road and Imperial Road S. Only a 5 minute drive from local shops & grocery stores, 6 minutes to Conestoga College and 10 minutes to the University of Guelph. The subject property is also around the corner from the Highway 6 ramp, making accessibility quick & convenient! The GO Bus Terminal is also located only 10 minutes from the property, with connecting buses all the way to Toronto (Union Station). Given the amazing location and accessibility of this property, it would make a great home for students, future families or first time home buyers after renovation!

Property Details

  • Condo Townhouse – End Unit
  • 2+1 bedrooms
  • 1 full bathroom upstairs
  • 1 powder room in basement
  • Maintenance fees are $470/month
  • Basement is partially finished, but would require a full renovation
    • Ceiling height is approximately 7.5-8ft
  • 951 sqft above grade
  • 951 sqft below grade
  • Property taxes are about $2556
  • 2 entrances into the property, both into the main floor 
  • Electrical panel is breaker and copper wiring
  • Built in 1977
  • Furnace is a rental from 2018, in working condition, will be paid out upon closing as per APS Schedule A Clause
  • AC unit is about 20 years old, in working condition, owned
  • HWT is a rental & in working condition
    • Seller is unsure of the age of unit
  • Roof and windows are covered under the condo corp.
  • RM6 Zoning

Recommended Renovations

  • Full cosmetic renovation
  • The seller has the option to leave junk behind so we would recommend budgeting for junk removal

The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $399,999
  • We believe that this property is worth $450,000 on the MLS
  • We believe that after the above renovation recommendations are completed, this property should be worth at least $550,000 on the MLS.
  • Purchase today for $50K BELOW MARKET VALUE
Assignment of Contract
Property Type:

Call 647-930-0291 for more details