Tallsmast Crescent, Mississauga, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: June 14th, 2024
*Sellers legal fees up to $2000 will be covered by the buyer*
*Seller has the option to shorten closing to June 7 given notice is provided by May 14 2024*
*Buyer to pay sellers deposit of $10,000 in addition to deposit to SLG*
**Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Welcome to your newest SLG Fix and Flip in Mississauga!
This semi-detached home in Mississauga has loads of potential! A full cosmetic renovation will maximize the ARV on this flip for some great returns. This property consists of 4 bedrooms 2 bathrooms and is a total of 1453 sqft. There is a separate side entrance with potential to add an in law in the basement. The ceiling height is roughly 7.5ft and 6.5ft under the bulkhead. Both the furnace and AC are only six years old and will be bought out on closing. This property is perfect for an investor looking for their next fix and flip or buy and hold in the city of Mississauga! Call NOW! This deal will not last!
Property Details
- Semi-Detached House
- 4 bedrooms
- 2 bathrooms
- 1 full bathroom
- 1 half bathroom on main floor
- All appliances are included in the sale
- 1454 sqft above grade
- 729 sqft below grade
- Full Basement
- Separate Entrance
- Ceiling Height 7.5Ft and 6.5ft under the bulkhead
- Property taxes are about $4443
- Electrical panel is breaker, copper wiring
- Built in 1973
- Furnace and A/C are only 6 years old
- Rentals but will be bought out on closing
- Tankless HWT was purchased in May of 2023
- Roof was redone in 2008
- Windows are about 15 years old and in good condition
- Lot size is 37ft x 175ft
- RM1 Zoning
Recommended Renovations
- Full cosmetic renovation
- Repave the Driveway
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
|
|
| The Numbers
We are selling our assignable purchase contract for this excellent WHOLETAIL or FIX and FLIP opportunity.
- Wholesale Price: $844,999
- We believe that this property is worth $935,000 on the MLS
- We believe that after the above renovation recommendations are completed, this property should be worth at least $1,100,000 on the MLS.
- Purchase today for $90K BELOW MARKET VALUE
Comparable Analysis |
|
 |
- 2468 Mainroyal Street sold for $956,000 only 2 days ago after being on the market for only 7 days! This comparable semi-detached house consists of 3 bedrooms 2 bathrooms and while it does have a garage it is smaller in size than the subject property. The comparable presents itself better than the subject property but is still dated throughout. The comparable sits on a smaller lot size thank the subject property. Therefore, after adjustments, we believe this property is worth at least $935,000 in “as-is” condition.
|
|
 |
- 2298 Council Ring Road sold for $999,995 only 16 days ago after being on the market for only 8 days! This comparable semi-detached house consists of 3 bedrooms 3 bathrooms and is similar in size than the subject property. The comparable presents itself better than the subject property but is still dated throughout. The comparable sits on a smaller lot size and backs onto a commercial building but does come with a pool. Therefore, after adjustments, we believe this property is worth at least $935,000 in “as-is” condition.
|
|
 |
- 2249 Buttonbush Crescent sold for $1,120,000 only 15 days ago after being on the market for only 8 days! This comparable semi-detached house consists of 3 bedrooms 4 bathrooms and is similar in size than the subject property. The comparable has been completely renovated throughout and similar to the subject property it has a separate entrance to the basement. The comparable sits on a smaller lot size, however, has a nice curb appeal. Therefore, after adjustments and a full renovation, we believe this property will sell for at least $1,100.000 on the MLS.
|
|
