End Unit Townhouse in Cambridge! Assigned

  • $424,999
  • 3 beds
  • 2 baths
Assigned
Parkview Crescent, Cambridge, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: November 15th, 2024

*As per APS, seller has the option to extend closing to December 13th, 2024 given notice is provided by November 1st, 2024*

About the Property

Opportunity awaits! Check out this end unit townhouse in Cambridge that needs an investor like yourself to restore it’s value! The 3 bedroom, 2 bathroom property has a footprint of 1045 sqft and sits on a 30ft x 80ft lot. The property is dated throughout and will require a full cosmetic renovation. Due to it being an end unit, the property has a fantastic, spacious backyard, which will set it apart from others when it hits the resale market! This property is perfect for an investor looking to start off fall with a great flip opportunity in the growing city of Cambridge!

Property Details

  • Freehold End Unit Townhouse
  • 3 bedrooms
  • 2 bathrooms
    • 1 full bathroom
    • 1 half bathroom in basement
  • 1045 sqft above grade
  • 513 sqft below grade
  • Finished Basement
    • No separate entrance
  • Windows are original
  • Roof shingles replaced 7 years ago as per seller
  • Furnace is owned
    • Replaced in 2017 as per seller
  • Central Air is owned
    • Replaced in 2017 as per seller
  • HWT is rented
    • Replaced in 2015 as per seller
  • Electrical is on fuse
    • Mix of copper and aluminum wiring
  • Back deck in need of some work
  • Back sliding door in need of replacement
  • No garage
  • Property taxes are about $2171
  • Lot size: 30.03 ft by 80.15ft
  • Built in 1974
  • Zoning: RM4

Recommended Renovations

  • Cosmetic renovation
  • Update electrical
  • Replace windows
  • Seller has the option to leave junk 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 or rental Opportunity

  • Wholesale Price: $429,999
  • We believe that this property is worth $480,000 “as-is” on the MLS
  • We believe after a cosmetic renovation the property would sell for a price around $580,000 on the MLS.
  • Buy now for $50k BELOW market value!

Comparable Analysis
  • 505 Parkview Crescent sold for $530,000 just 15 days ago after only 34 days on the market! This freehold townhouse end unit with a footprint of 1145 sqft consists of 3 bedrooms and 2 full bathrooms. Cosmetically the comparable property is in similar condition to the subject property. The comparable has 2 full bathrooms compared to the subject property’s 1.5 bathrooms, and also has a 1 car attached garage. After making some adjustments, we believe the subject property would sell for around $480,000, in “as is” condition.
  • 659 Parkview Crescent sold for $495,000 in July 2024 after only 21 days on the market! This middle unit row townhouse consists of 3 bedrooms, 1 bathroom, and is slightly larger at 1107sqft. The comparable property is dated throughout but in slightly better condition than the subject property. The comparable only has one full bathroom and an unfinished basement. The comparable is also a middle unit, as opposed to the subject which is an end unit. After adjustments, we believe that the subject property would sell for a price of around $480,000 in “as-is” condition on the MLS.
  • 718 Parkview Crescent sold for $560,000 in August 2024 after only 16 days on the market! This middle unit row townhouse consists of 3 bedrooms, 1 bathroom, and sits on a smaller lot of only 20ft x 80ft, however, it has a slightly larger footprint of 1140 sqft. The comparable property has been cosmetically updated throughout. The comparable is also a middle unit, as opposed to the subject which is an end unit. After adjustments, and after a full cosmetic renovation, we believe that the subject property would sell for a price around $580,000.
Price:
$424,999
Address:
Cambridge
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse

Call 647-930-0291 for more details