Freehold Townhouse in Burlington! Assigned

  • $774,999
  • 3 beds
  • 2 baths
Assigned
Silvercreek Drive, Burlington, Ontario

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

*The Seller at his or her option may occupy the property after closing date for a period until September 20 2024, at no cost, provided that the vendor obtains a policy of tenant insurance in form and substance satisfactory to the purchaser. If the vendor exercises this option the purchaser shall hold back $100,000 due on the statement of adjustments and shall not be required to pay same until the seller vacates the premises. Each day the seller stays in the property after September 20 2024, the seller owes the Buyer $1000 from the holdback amount.

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

About the Property

Looking for your next Fall Flip?
Check out this Freehold Townhouse located in a beautiful area of Burlington. This townhouse consists of 3 bedrooms, 1.5 bathrooms and is approximately 1259sqft. The property has been very well kept over the years and has even had cosmetic renovations done to it. These renovations include the Kitchen, flooring on main floor, pot lights in kitchen and basement and bathroom fixtures which were all done in 2016! However with some additional cosmetic updates to the upstairs and basement flooring and fixtures, this property is ready to be sold! With major ticket items such as the roof (2013), windows (2016), Furnace (2015) AC (2015) and HWT (2015) all upgraded, a minor cosmetic renovation is all that is needed to MAXIMIZE the potential! ACT QUICK!

About the Neighbourhood 

The subject property is situated in a desirable neighbourhood of Burlington in the Uptown area. Burlington is located a 45 minute drive south west of Toronto, along Lake Ontario. All outdoor individuals will love the property’s location, as it is MINUTES to Bronte Creek Provincial Park with trails, parks and much more for all nature lovers! The property is located perfectly so commuters can get anywhere across the GTA as efficiently as possible. For example, the QEW is located less than 5 minutes away from the property, connecting it east to Toronto and South West to Hamilton! Looking for a faster option? Highway 407 is only minutes away from the subject property, helping shorten your commute. Appleby GO is also located about 7 minutes from the subject property, with trains and bus lines connecting into Toronto and Hamilton! The subject property is also located perfectly with amenities such as grocery stores, schools and restaurants, all within a 5 minute drive. 
Property Details
  • Freehold 2 Storey Townhouse
  • 3 bedrooms
  • 2 bathrooms
    • 1 full bathroom (upper floor)
      • tub in upstairs bathroom could be retiled and replaced
    • 1 half bathroom (main floor)
  • 1259 sqft above grade
  • 611 sqft below grade
  • 1 car attached garage
  • Appliances are included in the sale
    • all in good condition
  • Basement is a semi finished living space
    • Ceiling Height is roughly 7-8ft
    • flooring needed throughout as currently it is an epoxy floor
  • Roof was redone in 2013 as per seller
    • good condition
  • Windows were redone in 2016
  • Breaker panel, copper wiring
  • Furnace and A/C are owned, about 9 years old and in good condition as per seller
  • HWT is owned , about 9 years old
  • Built in 1998
  • Property taxes are approximately $3575
  • Lot size is 18ft x 98ft
  • Zoning URM 

Recommended Renovations

  • Minor cosmetic renovation
    • specifically flooring and upstairs bathroom updates (tub)
  • The seller has the option to leave junk behind so we would 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: $774,999
  • We believe that this property is worth $860,000 on the MLS
  • We believe that after the above renovation recommendations are completed, this property should be worth at least $970,000  on the MLS.
  • Purchase today for $85K BELOW MARKET VALUE

Comparable Analysis

  • 1785 Alessia Ave sold for $960,000 19 days ago, after only 6 DAYS ON THE MLS! This freehold townhouse consists of 3+1 beds, 3 bathrooms and according to the listing is about 1660sqft. The lot of this townhouse is around 20ft x 100 ft; slightly larger than the subject property. The property is also slightly newer, as it was constructed in 2004 rather than the subject property that was completed in 1998. Looking at the cosmetic state of the comparable, it is very well maintained , however would need a renovation to get it to its full potential. Aspects such as the kitchen, bathroom and flooring could all be upgraded and likely would be for any buyer. Therefore it is in similar condition to the subject property in its current state. After adjustments we believe the subject property would sell for a price around $860,000 on the MLS, in AS IS condition.
  • 5102 Tree Court sold in June 2024 for $945,000 after 3 DAYS ON THE MLS! This freehold townhouse consists of 3 beds, 3 bathrooms and is approximately 1100-1500sqft. Its lot size sits around 18ft x 98ft, the same dimensions as the subject property. The comparable has undergone similar upgrades that the subject property has, with upgrades done to the flooring, main floor layout and the back deck. However, like the subject property the comparable is still very far from a full ARV as there is still carpeting on the top floor, dated cabinets and old fixtures. We believe, after a renovation the subject property would sell for a price around $970,000 on the MLS.
  • 5229 Thornburn Dr sold for $973,000 in May 2024 after 9 DAYS ON THE MLS! This freehold townhouse consists of 3 beds, 3 bathrooms and is approximately 1100-1500 sqft. This townhouse is in the same pocket as the subject property and sits on a similar lot (18ft x 104ft) The property has been fully renovated throughout and has even torn down the main floor kitchen and living room wall to make it much more functional. No stone was left unturned with this renovation therefore we believe if fully completed the subject property would sell for a price similar to the comparable, around $970,000
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Price:
$774,999
Address:
Burlington, ON
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1998

Call 647-930-0291 for more details