| 2445 Homelands Drive, Mississauga, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: May 31st, 2023
*The Buyer and Seller agree that the Seller, upon giving a minimum of 30 days written notice to the Buyer, may unilaterally postpone the date set for completion, one or more times, not to exceed 120 days in total, for the purpose of obtaining a Certificate of Appointment of Estate Trustee. Notwithstanding the completion date set out in this Agreement, the Buyer and Seller may, by mutual agreement in writing, advance the date of completion of this transaction by no more than 30 days*
*The Buyer agrees to provide a further deposit of $10,000 directly to the Estate’s account, within 5 business days of the confirmation of acceptance. The Buyer agrees to provide a further deposit of $20,000, 5 business days after confirmation from the Sellers Lawyer that the property has completed probate provided that the Sellers lawyer provides a deposit mortgage/charge in favour of the Buyer and that upon the date of registration of such charge title to the subject property is satisfactory to the Buyers lawyer acting reasonably*
** Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Checkout this condo townhouse consisting of 3 bedrooms and 2 bathrooms. This property is in need of a full cosmetic renovation in order to return it to its former glory. The condo corporation is responsible for replacing the roof but it is the owners responsibility to update windows if required. The backyard would benefit from some maintenance by removing the dead roots and adding some new sod. There was a leak in the upstairs bathroom causing a stain on the ceiling on the main floor. The leak has since been fixed. The condo corporation subsidizes door replacements – up to $165 for garage door and $300 for main door/patio door. This property would be perfect for an investor looking for a spring fix and flip. See below for recommended renovations and how this property can be profitable for YOU!
About the Neighbourhood
The subject property is situated in a desirable neighbourhood in Mississauga. The Oakville GO station is located only 10 minutes away from the subect property and the Mississauga GO station a 15 minute drive away, making it an ideal location for a rental or end user. Mississauga is a short drive to Downtown Toronto and other major cities such as Oakville, Etobicoke, Brampton and much more! Major highways surrounding this property include the 401, 407, 427 and the 403. This property is close to countless amenities such as restaurants, COSTCO, Cineplex, Pita Pit, Walmart, and schools. The Credit Valley Hospital is located 10 minutes away from the subject property.
Property Details
- Condo Townhouse
- 3 Bedrooms
- 2 Bathrooms
- 1 full bathroom
- 1 half bathroom
- 1222 sqft above grade
- 611 sqft below grade
- Fuse panel, aluminum wiring
- Full unfinished basement
- HWT and A/C are both owned and 2 years old
- Furnace is 10-15 years old as per seller and is owned
- Roof was redone in 2013
- Responsibility of Condo Corp
- Windows were replaced 20 years ago
- Own driveway for two spots, attached garage for one car
- Built in 1973
- Status Certificate has been ordered
- Condo fees are $541
- Covers building insurance, parking and common elements
- Property taxes are $3178
- Zoning is RM5-3
Recommended Renovations
- Full cosmetic renovation
- Consider updating the windows
- Consider updating the electrical panel
- General landscaping
- Seller has the option to leave junk behind so we would recommend budgeting for junk removal
|
