| King Street, Alliston, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: May 5th, 2023
*The seller, at his or her option, may occupy the property after closing date for a period until June 8th 2023, at no cost provided that the vendor obtains a policy of tenant insurance in form and substance satisfactory to the purchaser. The vendor may exercise this option by written notice to the purchaser on the closing date. If the vendor exercises such option then the purchaser’s solicitor shall hold back $50,000 due on the statement of adjustments and shall not be required to pay some to the vendors lawyer unless and until the vendor vacates the premises. Each day the seller stays after June 8th, 2023 the seller owes the buyer $500 from the holdback amount*
** Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Checkout this structurally sound backsplit in Alliston with fantastic updates recently done on the outside. Windows were replaced 2 months ago and new interlocking was done in 2022. The siding plus insulation for the siding were also done in 2022. This property features 3 bedrooms 1 bathroom and is a total of 1803 sqft. The seller has noted that the sump pump sometimes overfills and needs to be replaced. The seller also noted that some water drips from the seal of the gas line. We would recommend doing a full cosmetic renovation on the inside to maximize the propertys ARV. This property is perfect for an investor looking for a spring fix and flip or BRRR project.
About the Neighbourhood
The subject property is situated in a desirable neighborhood in Alliston and is less than a five minute drive to the Stevenson Memorial Hospital. Alliston is located about an hour North-west of Toronto and 30 mins South-west of Barrie. The subject property is surrounded by countless amenities including: Canadian Tire, Dollarama, LCBO, Zehrs, FreshCo, Tim Hortons and more. The Alliston Mills shopping centre is located only 2 minutes away from the subject property. Access to highway 400 is only a 20 minute drive away.
Property Details
- Detached Backsplit
- 3 bedrooms
- 1 bathroom
- 1234 sqft above grade
- 569 sqft below grade
- Smokers House
- As per seller, only smokes in the basement
- Ceiling height for basement is 7’5ft
- Separate entrance
- The finished part of the basement is being used as bedroom
- Sump pump in basement
- The unfinished part of the basement is the utility room
- Breaker panel, aluminum/copper wiring
- Hot water tank is rented and at least 10 years old
- Furnace purchased in 2022
- HWT purchased in 2012
- No A/C
- The roof was redone in 2017
- Windows were redone 2 months ago
- Attached garage
- Built-in 1973
- Property taxes are $3800
- Lot size is 50ftx100ft
Recommended Renovations
- Full cosmetic renovation
- Replace sump pump
- Consider adding A/C
- Seller has the option to leave junk behind so we would recommend budgeting for junk removal
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