Mississauga Assigned

  • $609,999
  • 3 beds
  • 2 baths
  • 1152 sqft
Assigned
Wholesale Price of $609,999 or Best Offer!

By January 18, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $120,000 BELOW Market Value!

Closing Date: February 12, 2021

PLEASE NOTE: We will not be setting up a showing for this property. ALL OFFERS MUST BE SIGHT UNSEEN. The property is tenanted by difficult family members of the seller. The tenants have missed their last two rent payments and the seller has issued an N4 giving the tenants until January 15th to make payment, otherwise they will begin the eviction process. It is expected that the tenants may not leave willingly and as such, the property may not be vacant upon closing. 

Mississauga, ON

The subject property is a Semi-Detached Raised Bungalow located in the Malton area of Mississauga. The property is located just minutes from highways 407 and 427, schools, parks, Walmart and other amenities. The seller has not been in the home since the spring but believes the home is in fair condition, although cosmetically outdated. The roof is in good shape (2010), while the heating, electrical and plumbing were updated in 2006. This property is suitable for an experienced investor willing to deal with unwelcome tenants in order to profit from massive upside potential.

Property Features

  • Semi-detached, raised bungalow
  • 1152 sqft above grade
  • 1152 sqft basement
  • 3+2 Bedrooms, 2 Full Bath
  • Finished Basement with separate entrance, kitchen and full washroom
  • Lot: 29 ft Frontage x 117 ft Depth
  • Heating, Plumbing and Electrical updated in 2006
  • Roof is approximately 11 years old and in good condition.
  • Windows are older
  • Attached single car garage
  • Zoning – RM1
  • Built in 1969

Renovations Needed

  • Full cosmetic renovation
  • Possibly new windows
MPAC Report
The Numbers

We are selling our assignable purchase contract for this excellent FIX & FLIP or Rental opportunity.

  • Wholesale Price: $609,999 or Best Offer
  • We believe that this property is worth $730,000 as-is on the MLS
  • We believe that after a full cosmetic renovation this property should sell for over $850,000 on the MLS
  • Purchase today for $120K BELOW MARKET VALUE

Comparable Analysis

  • 3042 Mallbridge Crescent sold in November 2020 for $732,000. It is a semi-detached backsplit, outdated inside but well maintained. It has a similar MPAC value, lot size and also has a finished basement/in-law suite. The subject property does have one extra bedroom. We believe that in its current condition, the subject property would sell for a similar price on the MLS today.
  • 7255 Lancaster Avenue sold in August 2020 for $795,000. It is a very similar style home with the same number of bedrooms and bathrooms. This property does have some cosmetic updates and a legal basement apartment.
  • 3455 Chipley Crescent sold in December 2020 for $900,500. This property is a semi-detached bungalow with a full interior and exterior renovation but does not have a garage. We believe that after a full cosmetic interior renovation, the subject property should sell for $850,000 or more on the MLS. If exterior work is done similar to this comparable, the subject property may sell for $900,000 or more on the MLS.
If You’re Interested….

Email us at info@belviewrealestate.ca or call Luca at 647-308-2118. Luca can answer any questions you have.

 

Please Do Not Go Directly to the Property. There will NOT be a showing for this property. All offers must be sight unseen.
Price:
$609,999
Address:
Mississauga, ON
Square Feet:
1152
Lot Size:
29x117
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Basement:
Finished
Const. Type:
Wholesale Price of $609,999 or Best Offer! By January 18, 2021 Realtors bring your clients, just add your commission to the purchase price! Purchase this Property Today for $120,000 BELOW Market Value! Closing Date: February 12, 2021 PLEASE NOTE: We will not be setting up a showing for this property. ALL OFFERS MUST BE SIGHT UNSEEN. The property is tenanted by difficult family members of the seller. The tenants have missed their last two rent payments and the seller has issued an N4 giving the tenants until January 15th to make payment, otherwise they will begin the eviction process. It is expected that the tenants may not leave willingly and as such, the property may not be vacant upon closing. Mississauga, ON The subject property is a Semi-Detached Raised Bungalow located in the Malton area of Mississauga. The property is located just minutes from highways 407 and 427, schools, parks, Walmart and other amenities. The seller has not been in the home since the spring but believes the home is in fair condition, although cosmetically outdated. The roof is in good shape (2010), while the heating, electrical and plumbing were updated in 2006. This property is suitable for an experienced investor willing to deal with unwelcome tenants in order to profit from massive upside potential. Property Features Semi-detached, raised bungalow 1152 sqft above grade 1152 sqft basement 3+2 Bedrooms, 2 Full Bath Finished Basement with separate entrance, kitchen and full washroom Lot: 29 ft Frontage x 117 ft Depth Heating, Plumbing and Electrical updated in 2006 Roof is approximately 11 years old and in good condition. Windows are older Attached single car garage Zoning - RM1 Built in 1969 Renovations Needed Full cosmetic renovation Possibly new windows MPAC Report The Numbers We are selling our assignable purchase contract for this excellent FIX & FLIP or Rental opportunity. Wholesale Price: $609,999 or Best Offer We believe that this property is worth $730,000 as-is on the MLS We believe that after a full cosmetic renovation this property should sell for over $850,000 on the MLS Purchase today for $120K BELOW MARKET VALUE Comparable Analysis 3042 Mallbridge Crescent sold in November 2020 for $732,000. It is a semi-detached backsplit, outdated inside but well maintained. It has a similar MPAC value, lot size and also has a finished basement/in-law suite. The subject property does have one extra bedroom. We believe that in its current condition, the subject property would sell for a similar price on the MLS today. 7255 Lancaster Avenue sold in August 2020 for $795,000. It is a very similar style home with the same number of bedrooms and bathrooms. This property does have some cosmetic updates and a legal basement apartment. 3455 Chipley Crescent sold in December 2020 for $900,500. This property is a semi-detached bungalow with a full interior and exterior renovation but does not have a garage. We believe that after a full cosmetic interior renovation, the subject property should sell for $850,000 or more on the MLS. If exterior work is done similar to this comparable, the subject property may sell for $900,000 or more on the MLS. If You're Interested.... Email us at info@belviewrealestate.ca or call Luca at 647-308-2118. Luca can answer any questions you have. Please Do Not Go Directly to the Property. There will NOT be a showing for this property. All offers must be sight unseen.

Call 647-930-0291 for more details