Link 2 Storey House in Oshawa! Assigned

  • $589,999
  • 3 beds
  • 2 baths
Assigned
Cobblehill Drive, Oshawa, Ontario

Closing Date: October 4th, 2024
Offer Date: FIRST COME FIRST SERVE 

About the Property

Looking for your next SLG fix & flip or buy and hold in Oshawa? Check out this Link 2 storey House consisting of 3 bedrooms and 2 bathrooms. This property has a footprint of around 1100 sqft and is mostly dated throughout. The property sits on one of the largest most desirable pie shaped lots in the area . The furnace, HWT and Heat pump were purchased just last year saving the buyer a costly expense. This property is great for an investor looking for a fantastic fix & flip opportunity or an investor looking for a great rental property in Oshawa.

Property Details

  • Link 2 Storey House
  • 3 bedrooms
  • 2 bathrooms
    • 1 full bathroom
    • 1 half bathroom
  • 1096 sqft above grade
  • 548 sqft below grade
  • Attached garage
  • Basement is unfinished with no separate entrance
    • Ceiling Height is about 8ft as per seller
  • Appliances are included in the sale in AS-IS condition
    • Fridge, stove, dishwasher
  • Property taxes are about $4424
  • Furnace, Heat pump and HWT were purchased in 2023
  • Roof was redone in 2012
  • Windows are about 25 years old
  • Electrical is on a breaker panel
    • Copper wiring
  • Backyard deck boards replaced in 2024 on one section and 2020 in another section
    • deck in great condition with updated railings as well
  • 36ft x 100ft lot (irregular pie shaped lot)
  • Built-in 1987
  • R2 zoning

Recommended Renovations

  • Cosmetic renovation
  • Seller has the option to leave contents behind so we recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip or BRRR opportunity.

  • Wholesale Price: $589,999
  • We believe that this property is worth $670,000 in AS-IS condition
  • We believe that after a cosmetic renovation this property would sell for $775,000 on the MLS
  • Buy now for 80K BELOW market value!

Comparable Analysis
  • 802 Bennett Crescent sold for $730,000 in June 2024 after only 9 days on the market! This link 2 storey house has a similar footprint as the subject property. The comparable consists of 3 bedrooms, 2 bathrooms, and has an attached garage similar to the subject property. The comparable sits on a similar 26ft x 101ft lot. While the property presents itself better than the subject property it is still dated throughout. Therefore, after adjustments, we believe the subject property would sell for at least $670,000 in “as-is” condition.
  • 556 Cobblehill Drive sold for $760,000 in July 2024 after only 6 days on the market! This link 2 storey house sits on a similar pie shaped lot (35ft x 114ft) and is situated on the same street as the subject property. The comparable consists of 3 bedrooms, 3 bathrooms, and has an attached garage similar to the subject property. While the property presents itself better than the subject property it is still dated throughout. Therefore after a full renovation, we believe the subject property would sell for at least $775,000 on the MLS.
  • 865 Attersley Dr sold for $780,000 in August 2024. This link 2 storey house is slightly bigger than the subject property. The comparable consists of 3 bedrooms, 3 bathrooms, and has an attached garage similar to the subject property. The comparable sits on a smaller and much less desirable lot (27ft x 111ft). The property has been renovated in most parts of the home but remains dated in others. Therefore after a full renovation, we believe the subject property would sell for at least $775,000 on the MLS.
Price:
$589,999
Address:
Oshawa, ON
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details