Semi-Detached Backsplit In Brampton!

Fix & Flip or Duplex Opportunity

CHEAPEST SEMI AVAILABLE IN PEEL REGION!

$80K BELOW Market Value!

Greenwood Crescent, Brampton, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: April 1st, 2025

***Seller has the option to extend closing to April 30th, 2025 given notice is provided to the buyer by March 14th, 2025.***

***Buyer to submit $10,000 deposit to seller’s lawyer in addition to deposit to SLG***

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

About the Property

Looking for your next flip or long term duplex in Brampton? This semi-detached 3 level backsplit is a prime opportunity for investors! With 3+1 bedrooms, 2 bathrooms, and a solid 1080 sqft footprint, this property has great potential. The property sits on a lot with a frontage of 35.75 ft and a depth of 107.07 ft. The basement is a finished apartment with a separate entrance and a ceiling height of roughly 7ft. The property is mostly dated throughout, however the roof, furnace, A/C, & HWT have been updated in the last 12 years – saving the buyer a costly upgrade! The Furnace & A/C are rented however they will be paid out on closing by the seller. Additionally, the electrical is on fuse but will be updated to breaker prior to closing as per the seller. This property is a great opportunity for an investor looking for a spring flip or an investor looking for a great rental in Brampton.

About the Neighbourhood

This property is located in the city of Brampton, just north of Mississauga. Downtown Brampton is only a 15-minute drive away providing countless amenities. The Brampton Innovation District GO Station is a 15-minute drive away and there are multiple bus stops within a 6-minute walk providing commuters with easy transportation. HWY 410 is only 10 minutes away providing access south towards HWY 401 which provides easy access west towards Milton and east towards Toronto.

Property Details

Semi-detached 3 level backsplit
3+1 bedrooms
2 full bathrooms
1084 sqft above grade
600 sqft below grade
Finished basement apartment
- 7ft ceiling height
- Separate entrance from side of the house
- Has additional crawlspace
Electrical panel is fuse
- Wiring is copper
- As per seller the electric panel will be updated to a 200 amp breaker panel prior to closing
Furnace is rental
- To be paid off by seller on closing
- Installed in 2013
A/C is rental
- To be paid off by seller on closing
- Installed in 2013
HWT is rental
- To be assumed by buyer
Roof replaced in 2015
Windows are pre 2016
No garage
Built in 1973
Lot size is 35.75ft x 107.07ft
Property tax around $4571
R2A(1)-100 Zoning

Recommended Renovations

Cosmetic renovation
The seller has the option to leave junk behind so we would recommend budgeting for junk removal

Pictures and More

The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip or
Buy & Hold opportunity.

Wholesale Price: $649,999
We believe that this property is worth $730,000 on the MLS
We believe that after a full cosmetic renovation, this property should be worth at least $850,000 on the MLS.
Purchase today for $80K BELOW MARKET VALUE

Comparable Analysis

69 Greenwood Cres sold for $795,000 in Nov 2024. This comparable semi-detached backsplit consists of 3 bedrooms, 2 bathrooms and has a larger footprint of 1410 sqft. The property sits on a similar sized lot of 35 ft x 113 ft. The comparable has a basement unit similar to the subject property but lacks a basement bedroom. Similar to the subject property the comparable is mostly outdated throughout. Therefore we believe, after adjustments, the subject property would sell for a price of at least $730,000 on the MLS in AS-IS condition!

72 Gulliver Cres sold for $755,000 in Sep 2024 after only 11 days on the market! This comparable semi-detached raised bungalow consists of 3+1 bedrooms, 2 bathrooms and has a slightly larger footprint of 1378 sqft. The property sits on a similar-sized lot of 34 feet x 110 feet. Similar to the subject property the comparable has a basement apartment with a bedroom and a separate entrance. The comparable property is dated throughout. Unlike the subject property the comparable is a raised bungalow which is superior compared to a backsplit layout. Therefore we believe, after adjustments, the subject property would sell for a price of at least $730,000 on the MLS in AS-IS condition!

73 Greenwood Cres sold for $820,000 in November 2024. This comparable semi-detached 2 storey consists of 3+1 bedrooms, 3 bathrooms and has a larger footprint of 1534 sqft. The property sits on a similar-sized lot of 29 feet x 110 feet. Similar to the subject property the comparable has a finished basement however it’s not setup as an apartment and does not have a seperate entrance. Additionally the comparable property is fully renovated throughout. Unlike the subject property the comparable is a 2 storey which is superior compared to a backsplit layout. The comparable also has an extra bathroom compared to the subject property. Therefore we believe, after adjustments and a cosmetic renovation the subject property would sell for a price of at least $850,000 on the MLS.

11 Glenmore Crescent sold for $870,000 just 15 days ago. This comparable semi-detached 2 storey consists of 4+1 bedrooms, 3 bathrooms and has a larger footprint of 1693 sqft. The property sits on a larger sized lot of 38 feet x 143 feet. Similar to the subject property the comparable has a finished basement apartment and a separate entrance. The comparable has had some updates but is far from being a true ARV. Unlike the subject property the comparable is a 2 storey which is superior compared to a backsplit layout. The comparable also has an extra bathroom compared to the subject property. Therefore we believe, after adjustments and a cosmetic renovation the subject property would sell for a price of at least $850,000 on the MLS.

Semi-Detached Backsplit In Brampton! Assigned