Detached Modular House in Puslinch!
Fix & Flip or Rental Opportunity
$75K BELOW Market Value
Golden Pond Road
Wholesale Price of $449,999or Best Offer!
By March 14th, 2022 Realtors bring your clients, just add your commission to the purchase price!
Purchase this Property Today for $75K BELOW Market Value! Closing Date: May 9th, 2022
**Due to COVID-19 restrictions sight unseen offers are preferred.**
Golden Pond Road, Puslinch, Ontario
About the Property
Check out this 1+1 bed, 1 bath, 768 sqft modular home in the well managed community of Mini Lakes in Puslinch. This property comes with 1 designated parking spot and 1 shed beside the house. The kitchen was redone 5 years ago and the bathroom was recently redone. Outside, the deck was redone in 2021 and the roof was redone 3 years ago. The maintenance fees are $460 a month and it includes all common areas, snow removal, garbage, repairs for roads, and water. This home is perfect for an investor looking for a quick fix and flip or rental.
About the Neighbourhood
The subject property is situated in a desirable neighbourhood in Puslinch. This property is located about 15 minutes to the University of Guelph. While Puslinch is considered more rural it is still less than a 20 minute drive to Longo’s, Zehrs, Tim Hortons, the Cinema, LCBO, Shoppers Drug Mart, McDonalds, Stone Road Mall and countless others in Guelph. Puslinch is located just north of the 401 and about 20 minutes south of downtown Guelph.
768 sqft above grade
Property taxes are roughly $1400
Condo fees $460
Built in 2002
Furnace and HWT are owned
Roof redone 3 years ago per seller
Windows are original
Deck redone in 2021
Backs onto ravine
73ft x 65ft
Change carpet in 2 bedrooms
Sellers have the option to leave contents behind so we recommend budgeting for junk removal
We are selling our assignable purchase contract for this excellent Fix & Flip or Rental opportunity.
Wholesale Price: $449,999 or Best Offer
We believe that this property is worth $525,000 as-is on the MLS
We believe that after a full renovation this property should be worth at least $575,000 on the MLS.
Purchase today for $75K BELOW MARKET VALUE
29 TRILLIUM BEACH Road sold for $597,000 in January 2022. This detached modular house, located in Mini Lakes, is a 2 bed 1 bath unit. The comparable is slightly bigger in size and has been recently renovated. Given the minor cosmetic updates the subject property requires, we believe the subject property is worth at least $525,000 “as-is” on the MLS.
34 Jasper Hts sold for $660,000 in March 2022. This detached modular house, located in Mini Lakes, is a 2 bed 1 bath unit. The comparable is not renovated throughout but it is bigger in size. The comparable sits on a smaller lot size but overlooks the canal. After adjustments, and depending on finishes, we believe the subject property would sell for at least $585,000 on the MLS.