Detached 2-Storey House in Oshawa! Assigned

  • $424,999
  • 3 beds
  • 1 baths
Assigned
Robson Street, Oshawa, Ontario

Closing Date: August 23rd, 2024
*Seller has the option to extend closing to August 29 2024 given notice is provided by August 16 2024*

About the Property

Looking for your next SLG fix and flip or buy and hold in the Durham Region? Check out this detached 2 Storey House in Oshawa Ontario consisting of 3 bedrooms and 1 bathroom. This 1006sqft property requires a basic uplift to restore it and sell for potential ARV. The grading slopes away from the house which helps with prevent leakage in the house. All appliances are in good condition and included in the sale meaning a buyer would not have to replace them. A strategically done flip can get the most bang for your buck for this property, as a full gut job is not required! CALL TODAY! This property will not last!

About the Neighbourhood

The subject property is situated in the Cedar Dale neighborhood of Oshawa. The property is located just South of the Macdonald Cartier FWY. The closest major intersection is Simcoe Street South and Upper Wentworth Street West. There are countless amenities near the subject property including restaurants, NoFrills, FreshCo, Mcdonalds, Tim Hortons, and much more. There are multiple bus stops located within 5 minutes walking of the subject property. Oshawa GO is only 6 minutes away providing easy transportation for commuters. Hwy 401 is only a 5-minute drive away providing easy access both west towards the GTA and east towards Kingston.

Property Details

  • Detached 2 Storey House
  • 3 bedrooms
  • 1 bathroom
  • Full unfinished basement
    • ceiling height approximately 6ft under the bulkhead
    • poured concrete foundation
    • no separate entrance into basement
    • no leaks or moisture
  • 1006 sqft above grade
  • 503 sqft below grade
  • Appliances are included in the sale
    • good working condition
  • Property taxes are about $2863
  • Furnace was purchased in 2011
  • A/C was purchased in 2020
  • HWT is owned and about 14 years old
  • Has a back mudroom area/den area that can be converted into a bedroom however, has a door to outside
  • Metal roof was put in in 1998
    • good condition as per seller
  • Windows are about 10 years old
  • Breaker Panel, copper wiring
  • Detached Garage
  • Built in 1900
  • 36ft x 100 ft
  • Zoning R3-A

Recommended Renovations

  • Minor cosmetic renovation
    • Flooring, kitchen counter, appliances
  • Some drywalling to remove wood panel
  • Seller has the option to leave contents behind so we 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: $424,999
  • We believe that this property is worth $480,000
  • We believe that after full renovation this property would sell for at least $625,000 on the MLS
  • Buy now for 55K BELOW market value!

Comparable Analysis

  • 217 Malaga Road sold for $455,100 in 10 days ago. This property sits on a 50ft x 140ft lot and is completely dated throughout. The comparable consists of 3 bedrooms 1 bathroom and is a total squarefoot of 1200 sqft, as per house sigma. Unlike the subject property, this property has plywood as flooring and backs onto government housing which inevitably decreases the value. The subject property backs onto a ravine, on a secluded street making it much more desirable! Therefore, after adjustments, we believe this property would sell for at least $480,000 in “as-is” condition.
  • 629 Oxford Street sold for $620,000 in May 2024. This property sits on a 40ft x 248ft lot and it presents itself better than the subject property as it has been tastefully renovated throughout. The property consists of 3 bedrooms 2 bathrooms. However, this property sides onto the Highway 401 with only a wall between it. Therefore the noise pollution and location does decrease the overall value, compared to the subject which backs onto a ravine! After adjustments and a cosmetic renovation, with modest renovations, we believe this property would sell for at least $625,000 on the MLS.
  • 827 Rowena Street sold for $609,000 in May 2024. This property sits on a 48ft x 135ft lot and while it presents itself better than the subject property it is still dated throughout. Unlike the subject property, this property is only a bungalow. Therefore, after adjustments and a cosmetic renovation, with modest renovations, we believe this property would sell for at least $625,000 on the MLS.
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Need Financing?
Looking for a construction cost estimate?

SLG Capital will manage the construction of this project from start to finish. If you’re looking for an estimate please email info@slgcapital.ca

Price:
$424,999
Address:
Oshawa
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1900

Call 647-930-0291 for more details