| Peachtree Pl, Vaughan, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: June 28th, 2023
** Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Check out this structurally sound link home in need of a cosmetic renovation to bring it back to its glory! The property has been well maintained and well kept, however neglected cosmetically as it has dated finishes. However the utilities are updated (AC and Furnace) as they were replaced in 2019. There is some exterior work that is needed as well, specifically the roof, and potentially the windows. The property has 3 beds, 1.5 bathrooms and is approximately 1300 sqft. This property is excellent as a fix and flip for an investor, or even for a young family looking for a home to live in and slowly renovate, as it is one of the cheapest homes currently available in Vaughan.
About the Neighbourhood
The subject property is situated in the Glen Shields neighbouhood of Vaughan. Located just off of Steeles Ave W and Dufferin St, this property is located in a very desired area in the GTA! Vaughan’s real estate market is constantly in demand and would be perfect for a fix and flip that would generate tons of demand! Located just off of the 407 this property is close to all major highways and is easy to get to from any area of the city. Located at the border of Thornhill, Vaughan and North York this property is surrounded by countless amenities, including restaurants, schools (highschool and elementary) York University and Grocery stores.
Property Details
- 2 storey Link House
- the property does not link or connect above ground to any neighbors
- 3 bedrooms
- 1.5 bathrooms
- The seller smokes in one room in the basement, the smell is only in the basement
- 1306 sqft above grade
- 674 sqft below grade
- Basement Ceiling Height is around 7ft
- 6.5 ft under the bulkhead
- Property taxes are about $3735
- Breaker panel, copper wiring
- Built in 1979
- Furnace and A/C replaced in 2019, financed
- Seller to buy them out on closing
- HWT is a rental
- Roof is dated and original from when sellers purchased
- Windows are dated, some are in good condition, seller unsure of age
- 23 ft x 100 ft
- R5 266 zoning
Recommended Renovations
- Full cosmetic renovation
- Re-shingle the roof and replaces eavestroughs
- Replace garage door
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.
- Wholesale Price: $884,999 or Best Offer
- We believe that this property is worth $955,000 as-is on the MLS
- We believe that after a full cosmetic renovation this property should be worth at least $1,150,000 on the MLS.
- Purchase today for $70K BELOW MARKET VALUE
Comparable Analysis |
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- 19 Capilano Crt sold for $1,089,000 in May 2023. The comparable sits on a 32 ft x 98 ft lot and has 3 bedrooms and 3 bathrooms. Similarly to the subject property it has a single car garage. Interiorly the property has had modest updates specifically in the kitchen, roof and appliances. However, throughout the house the property still needs new floors, bathrooms and fixtures in order to maximize its price. The comparable also has extra lot frontage as it has a side yard that is unique to the area. Thus we believe in its current condition, the subject property would sell for a price significantly less than the comparable. With some adjustments we believe the property would sell around $955,000, especially in this May market, on the MLS
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- 14 Laurel Valley Court sold for $1,210,000 in April 2023, $311K over asking in 1 week! This property sits on a 27ft x 98 ft lot similar to the subject property. The subject property has undergone a complete renovation and would be considered a full ARV. The subject property has 3+2 beds, 3 bathrooms and 1 single car garage as well. The comparable property does have a separate entrance thus the sale price would reflect higher in the comparable over the subject property. We believe after a full renovation, the subject property would sell for a price around $1,150,000 on the MLS.
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| Need Financing? |
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| Looking for a construction cost estimate?
SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email info@slgrenovations.ca
View our past projects here |
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| If You’re Interested….
Email us at info@slgpropertydeals.ca or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.
Please Do Not Go Directly to the Property
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| Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence. |
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