| Livingston Road, Milton
Offer Date: FIRST COME FIRST SERVE
Closing Date: September 30th 2024
** Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Check out this freehold townhouse in Milton! This home boasts 4 bedrooms, 3 bathrooms, and has a footprint of 1745 sqft. This structurally sound property sits on a 21ft x 85ft lot and has original finishes throughout. Although the property is dated it is in good condition and is livable as-is. The electrical is already on breaker and the roof was redone in 2018 saving the buyer a costly job. The basement is unfinished and there is a 1 car-attached garage. The upstairs bathroom has a pipe that was punctured by a nail causing a leak. It has since been repaired however would need drywall and tile updating. This property is perfect for an investor looking to start the fall season with an easy fix & flip or for an investor looking for a great rental property in Milton!
About the Neighbourhood
The subject property is situated in the Dempsey neighborhood of Milton. Milton is located between Mississauga & Cambridge. This property is close to countless amenities such as restaurants, Superstore, Tim Hortons, LCBO, TD Bank, Dollarama, parks, schools and much more! Milton Go is only a 7-minute drive away and there are two bus stops within a 10-minute walk from the property providing easy transportation for commuters. HWY 401 is only 5 minutes away providing easy access eastbound towards Toronto and westbound towards Cambridge.
Property Details
- Freehold townhouse
- 4 bedrooms
- 2.5 bathroom
- 1745 sqft above grade
- 812 sqft below grade
- Built in 2004
- No separate entrance
- Basement is unfinished
- Stove, dishwasher, washer and dryer included in the sale
- 1 car attached garage
- Breaker panel
- Furnace is owned
- Original as per owner but tag says 2008
- A/C is owned
- Original as per owner but tag says 2008
- HWT is rented
- Roof was redone in 2018, as per seller
- Windows are original and in good condition
- Lot size is 21.82ft by 85.30ft
- Property taxes are approximately $3350
- Zoning is RMD1-35
Recommended Renovations
- Partial renovation
- Replace flooring
- Update bathroom
- Update kitchen
- Potentially finish basement
- Fix puncture in upper bathroom pipe
- Seller has the option to leave junk behind so we recommend budgeting for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent Quick Fix & Flip or Buy & Hold opportunity.
- Wholesale Price: $764,999
- We believe that this property is worth $825,000 as-is on the MLS
- We believe after a full renovation and depending on finishes, this property would sell for at least $950,000 on the MLS
- Purchase today for $60K BELOW MARKET VALUE
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- 214 Hampshire Way sold for $850,000 just 9 days ago. This comparable freehold townhouse consists of 3 bedrooms, 3 bathrooms, and has a smaller footprint of 1100-1500 sqft. The comparable sits on a similar 21ft x 100ft lot and has a 1 car garage similar to the subject property. Although the comparable is mostly dated there are a few updates throughout the house and the comparable has a finished basement. Unlike the subject property, the comparable lacks a 4th bedroom. Therefore after adjustments, we believe the subject property would sell for a price of $825,000 on the MLS in as-is condition.
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- 207 Sherwood Road sold for $935,000 just 28 days ago after only 7 days on the market! This comparable freehold townhouse consists of 3 bedrooms, 3 bathrooms, and has a similar footprint of 1643 sqft. The comparable sits on a slightly larger 25ft x 100ft lot and has a 1 car garage similar to the subject property. The comparable has been updated throughout and has a finished basement. Unlike the subject property, the comparable lacks a 4th bedroom. Therefore after adjustments and a strategic renovation, we believe the subject property would sell for a price of $950,000 on the MLS.
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- 150 Panton Trail sold for $880,000 in July after only 9 days on the market! This comparable freehold townhouse consists of 3+1 bedrooms, 3 bathrooms, and has a similar footprint of 1759 sqft. The comparable sits on a similar 22ft x 87ft lot and has a 1 car garage similar to the subject property. The comparable has some updates throughout and has a finished basement. Additionally, the comparable has a basement bedroom but lacks a fourth above-grade bedroom, unlike the subject property. Therefore after adjustments and a strategic renovation, we believe the subject property would sell for a price of $950,000 on the MLS.
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- 121 Livingston Road sold for $1,025,000 in February 2024. This comparable freehold townhouse consists of 4 bedrooms, 4 bathrooms, and has a larger footprint of 1912 sqft. The comparable sits on a slightly larger 26ft x 85ft lot and has a 1 car garage similar to the subject property. The comparable has original finishes throughout but presents better than the subject property. The comparable has a finished basement apartment with a separate entrance and an additional bathroom unlike the subject property. Therefore after adjustments and a strategic renovation, we believe the subject property would sell for a price of $950,000 on the MLS.
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