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.

Property Features

• Modular house
• 1+1 bedrooms
• 1 bathroom
• 768 sqft above grade
• Property taxes are roughly $1400
• Condo fees $460
• Breaker panel
• Copper wiring
• Built in 2002
• No A/C
• 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
• Zoning ML

Recommended Renovations

• Change carpet in 2 bedrooms
• Fresh paint
• 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

Comparable Analysis

• 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.