Pre-Construction Condo in London! Assigned

  • $539,999
  • 2 beds
  • 2 baths
  • 1335 sqft
Assigned

QUICK CLOSING!

Pre-Construction Condo in London!

Turnkey or Buy and Hold Opportunity

$60K BELOW Market Value!

Callaway Road

Callaway Road, London, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: July 22nd, 2023

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

    Welcome to north London’s newest luxury condominium complex Northlink 2 by Tricar. This beautiful never lived in condo consists of 2 bedrooms 2 bathrooms and is approximately 1430sqft. The unit comes with one parking spot and no locker. Condo fees are roughly $520 and includes heat and water. There are no renovations needed for this cono, simply move in and enjoy! This property is perfect for an end user or an investor looking for a turnkey rental property. ACT NOW BEFORE IT’S GONE!

About the Neighbourhood 

This property is located in North London in the Sunningdale Neighbourhood. The subject property is located only 15 minutes to downtown London and 8 minutes to Western University which is home to the Ivey Business School. The VIA Rail is about 20 minutes from the property and connects London to other major cities such as Kitchener, Toronto, Brantford and more.  Masonville Mall is only a five minute to the subject property. The subject property is surrounded by countless amenities such as grocery stores, gas stations, beer store, no frills, LCBO, Indigo, and much more!

Property Details

Prospect Avenue 1st

  • New Built Condo Apartment
  • 2 bedrooms
  • 2 bathrooms
  • 1335 interior sqft
  • 95 exterior sqft
  • Built in 2023
  • 1 parking spot, no locker
  • Condo fees are roughly $520
    • includes water and heat
  • Breaker panel, copper wiring
  • HWT/AC/Furnace are all owned and brand new
  • Appliances are included and brand new

Recommended Renovations

  • NOTHING
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent BUY and HOLD opportunity.

  • Wholesale Price: $539,999
  • We believe that this property is worth $600,000 as-is on the MLS
  • Purchase today for $60K BELOW MARKET VALUE

Comparable Analysis

  • 214-480 Callaway Road sold for $680,000 29 days ago! This comparable is a 2 bedrooms 2 bath with similar features as the subject property as it sits in the same condo apartment. The comparable does have an extra parking spot and unlike the subject property comes with a terrace. Therefore, we believe after adjustments the property would sell for at least $600,000 “as-is” on the MLS.
  • 215-480 Callaway Road sold for $595,000 in May 2023. This comparable is a 2 bedrooms 2 bath with similar features as the subject property as it sits in the same condo apartment. The comparable also has a parking spot but is smaller in size than the subject property. Therefore, we believe after adjustments the property would sell for at least $600,000 “as-is” on the MLS.
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Need Financing?
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

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

 

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.
Price:
$539,999
Address:
London, ON
Square Feet:
1335
Bedrooms:
2
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Condo
Year Built:
2023

Call 647-930-0291 for more details