Semi-Detached Bungalow in Whitby! Assigned

  • $619,999
Assigned
Beech Street, Whitby, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: June 28th, 2024
**Realtors bring us a client and add your commission on top of the purchase price**

About the Property

This semi-detached bungalow consists of two 2+2 bedrooms, 2 baths, and has a footprint of 752 sqft. The property is dated throughout but has had the roof and windows redone within the last 5-7 years saving the buyer a costly job. The property sits on a 39ft x 84ft lot and has an attached 1 car garage that has been converted into a bedroom. The basement is finished with a full bath and kitchenette. There is a landing pad that provides access directly to the basement and upper level. The electrical has already been updated to breaker and the wiring is copper throughout. Adding a full kitchen would add duplex potential to this property! This property is ideal for an investor looking for a great summer flip or an investor looking for a great rental in Whitby.

About the Neighbourhood 

The subject property is situated in Downtown Whitby. Whitby is located east of Toronto and directly west of Oshawa. The subject property is located north of the Dundas St W and Centre St N intersection. The property is surrounded by countless amenities such as restaurants, parks, Tim Hortons, No Frills, and many more! The subject property is a 8-minute drive from the 401 providing easy access westbound towards Toronto and eastbound towards Oshawa. Whitby Go is located only 5 minutes from the subject property providing easy transportation for commuters. There are multiple bus stops within walking distance of the subject property.
Property Details
  • Semi-detached Bungalow
  • 2+2 bed
  • 2 bath
    • 1 full upstairs
    • 1 full downstairs
  • 752 sqft above grade
  • 736 sqft below grade
  • Appliances are not included in the sale
  • Basement is a finished living space
    • Has a kitchenette
    • Landing area provides direct access to basement
    • Ceiling Height is roughly 6.5-7ft
  • Roof was redone within last 5-6 years as per seller
  • Windows redone 7 years ago
  • 1 Car Garage
    • Attached
    • Currently converted into living space but can be converted back into a garage
  • Breaker panel
    • Copper Wiring
  • Baseboard Electric Heating
  • A/C is an electric wall-mounted unit
  • Rented HWT
    • 3-4 years old
  • Built-in 1988
  • Property taxes are approximately $4150
  • Lot size is 39ft x 84ft
  • R3 zoning

Recommended Renovations

  • Full cosmetic renovation
  • Consider adding HVAC
  • 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 and FLIP or rental opportunity.

  • Wholesale Price: $619,999
  • We believe that this property is worth $685,000 on the MLS
  • We believe that after the above renovation recommendations are completed, this property should be worth at least $790,000 on the MLS.
  • Purchase today for $65K BELOW MARKET VALUE

Comparable Analysis
  • 140 Lupin Dr sold for $768,000 in January 2024. This comparable bungalow has 3+1 beds, 2 baths, and has a footprint of 1397 sqft. The comparable property sits on a similar 35ft x 130ft lot and is dated throughout similar to the subject property. The comparable backs onto ravine and has one additional bedroom upstairs and one less bedroom on the basement. The comparable property has a 1 car garage similar to the subject property however it has not been converted to living space. The basement in the comparable is finished but does not have a kitchenette. Additionally, there is no direct access to the basement through the house aside from a drop down staircase.  Therefore, after adjustments, we believe that the subject property would sell for a price around $685,000 on the MLS in AS IS condition.
  • 340 Dovedale Dr sold for $770,000 just 29 days ago! This comparable bungalow consists of 4+2 beds, 2 baths, and has a footprint of 1434 sqft. The comparable sits on a 39ft x 100ft lot and is mostly dated upstairs similar to the subject property. The basement in the comparable has had some updates. The comparable has two additional upper-level bedrooms but unlike the subject property has no garage. The basement in the comparable has a full kitchen versus the kitchenette in the subject property. It is also worth noting that this property was sold fully tenanted. Therefore, after adjustments, we believe that the subject property would sell for a price around $685,000 on the MLS in AS IS condition.
  • 124 Lupin Drive sold for $895,000 in April 2024. This comparable bungalow consists of 3+2 beds, 2 baths, and has a footprint of 700-1100 sqft. The comparable has one additional upper level bedroom than the subject property. The comparable sits on a similar 35ft x 130ft lot and has been completely renovated throughout. The comparable has a finished basement apartment and a 1 car garage which has not been converted into additional living space. After a full renovation and adjustments, we believe the subject property would sell for a price of around $790,000 on the MLS.
Price:
$619,999
Address:
Whitby, ON
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1988

Call 647-930-0291 for more details