Freehold Townhouse in Georgetown! Assigned

  • $674,999
  • 3 beds
  • 2 baths
Assigned

Freehold Townhouse in Georgetown!

Cheapest Freehold Townhouse In Georgetown!

$65K BELOW Market Value!

Fix & Flip or Buy & Hold Opportunity

Harding Street, Georgetown, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: February 17th, 2025

***Buyer to complete APS deposit of $15,000 in addition to SLG deposit.***
**Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Looking for your next flip in Georgetown? This well maintained freehold townhouse is a prime opportunity for investors! With 3 bedrooms, 2 bathrooms, a 1 car garage, and a solid 1,280 sqft footprint, this property has great potential. The property sits on a lot with a frontage of 18.04 ft and a depth of 100.07 ft. The basement is unfinished with no separate entrance and the ceiling height is between 7-8 ft. The property is dated with 2000’s finishes throughout, however the roof, furnace & HWT have been updated in the last 10 years – saving the buyer a costly upgrade! The windows & A/C are original but in good working condition. Additionally, the garage door is original and may need to be upgraded. The unfinished basement leaves great potential for a buyer to add their own vision & finishing touches. This property is a great opportunity for an investor looking to start 2025 with a great flip or an investor looking for a great rental in Georgetown.

About the Neighbourhood 

This property is located in the city of Georgetown, just north of Mississauga. Downtown Georgetown is only a 3-minute drive away providing countless amenities. The Georgetown GO Station is a 4-minute drive away and there are multiple bus stops within a 5-minute walk providing commuters with easy transportation.  HWY 401 is 19 minutes away providing easy access west towards Cambridge and east towards Toronto. 

Property Details

  • 2 storey freehold townhouse 
  • 3 bedrooms
  • 2 bathrooms
    • 1 full
    • 1 half
  • 1280 sqft above grade
  • 590 sqft below grade
  • Unfinished basement
    • 7-8 ft ceiling height
    • No separate entrance
  • Electrical panel is breaker
    • Wiring is copper
  • Furnace is owned – 5 years old 
  • A/C is owned – 20 years old
  • HWT is owned – 8 years old
  • Roof replaced in 2015
  • Windows are from 2002
  • 1 car attached garage
  • Built in 2001
  • Lot size is 18.04ft x 100.07ft
  • Property tax around $3713
  • MDR1 Zoning

Recommended Renovations

  • Cosmetic renovation
  • Update garage door
  • Possibly update A/C
  • 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 & Flip or
Buy & Hold opportunity.

  • Wholesale Price: $674,999
  • We believe that this property is worth $740,000 on the MLS
  • We believe that after a full cosmetic renovation, this property should be worth at least $850,000 on the MLS.
  • Purchase today for $65K BELOW MARKET VALUE

Comparable Analysis

  • 86 Seed House Lane sold for $775,000 in Nov 2024. This comparable Freehold townhouse consists of 3 bedrooms, 2 bathrooms and has a slightly larger footprint of 1418 sqft. The property sits on a similar sized lot of 18 feet x 79 feet and also has a 1 car attached garage. The comparable property has had some minor updates but is mostly dated throughout. Addtionally the comparable has a finished basement with a walkout entrance. Therefore we believe, after adjustments, the subject property would sell for a price of at least $740,000 on the MLS in AS-IS condition!
  • 38 Harding Street sold for $830,000 in Nov 2024. This comparable Freehold townhouse consists of 3 bedrooms, 3 bathrooms and has a slightly larger footprint of 1617 sqft. The property sits on a larger sized lot of 23 feet x 100 feet and also has a 1 car attached garage. The comparable property is mostly dated throughout. Additionally the comparable is a end unit unlike the subject property however the basement is unfinished similar to the subject property. The comparable also has an additional bathroom compared to the subject property. Therefore we believe, after adjustments, the subject property would sell for a price of at least $740,000 on the MLS in AS-IS condition!
  • 79 Seed House Lane sold for $819,000 just 18 days ago. This comparable freehold townhouse consists of 3 bedrooms, 3 bathrooms and has a slightly larger footprint of 1586 sqft. The property sits on a similar sized lot of 18 feet x 79 feet and also has a 1 car attached garage. The comparable property has had some minor updates but is mostly dated throughout and has carpet flooring upstairs. Additionally the comparable has a finished basement with a walkout entrance. The comparable also has an additional bathroom compared to the subject property. Therefore we believe, after adjustments and a cosmetic renovation the subject property would sell for a price of at least $850,000 on the MLS.
Price:
$674,999
Address:
Georgetown
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
2001

Call 647-930-0291 for more details