Freehold Townhouse in Stoney Creek! Assigned

Offer Date: FIRST COME FIRST SERVE
Closing Date: August 31st, 2023

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

About the Property

Attention investors! Looking for a quick fix and flip in a desireable spot in Stoney Creek? SLG has the deal for you! Situated on a 20ftx100ft lot, this freehold townhouse consists of 3 beds 3 baths and is approximately 1312 sqft. Although only the basement has been renovated recently (2019) this townhouse is structurally sound meaning it only needs a few cosmetic upgrades. With updates in the past 5 years to all utilities, along with the roof (about 8 years old) major expenses can be avoided to minimize renovation costs! This property will NOT last as it is perfect for any investor looking for a quick end of summer, early fall flip!

About the Neighbourhood 

This property is located in the Leckie Park/Highlands area of Stoney Creek, which is on the mountain! This property is located on the south edge of Stoney Creek, within walking distance to Rymal Road E which extends horizontally through Hamilton. Rymal Road E has every amenity imaginable, from restaurants, to grocery stores, multiple strip malls, and schools. Stoney Creek is also very accessible via transit. Whether it would be GO trains in and out of the city, with routes extending to Toronto, and Niagara region, or the local HSR to transport you throughout the city!

Property Details

• Freehold Townhouse
• 3 bedrooms
• 3 bathrooms
  • 2 full bathrooms
    • one is an ensuite for the master bedroom
  • 1 half bathroom
• 1312 sqft above grade
• 603 sqft below grade
• Built in 1994
• Appliances are included
  • Stainless steel fridge and stove
  • washer and dryer in good condition
• Breaker panel, copper wiring
  • 100 amp
• Finished basement
  • 7 ft ceiling height, 6ft 4″ under the bulkhead
• Furnace, A/C and HWT are owned
  • Furnace and AC are about 5 years old
  • HWT is older but seller unaware of age
• Roof redone in 2017-2018
• Windows are original and in good condition
• Single car attached garage
  • we recommend painting the garage door
• Property taxes are approximately $3,332
• Lot size is 20ft x 100ft
• Zoning RM2

Recommended Renovations

• Cosmetic renovation
  • only painting recommended in basement
• Some backyard maintenance
  • seller kept it as a large garden with stone walkways
• The seller has the option to leave junk behind so we would recommend budgeting for junk removal

The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

• Wholesale Price: $664,999
• We believe that this property is worth $750,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should be worth at least $840,000 on the MLS.
• Purchase today for $85K BELOW MARKET VALUE