Semi-Detached House in Oshawa!  Assigned

  • $519,999

Semi-Detached House in Oshawa! 

Fix & Flip or Buy & Hold Opportunity!

$60K BELOW Market Value!

Grassmere Avenue

Grassmere Avenue, Oshawa

Closing Date: April 1st 2024

The Seller has the option to extend closing to April 15 2024 given notice is provided to the Buyer by March 11th 2024

Buyer to make $10,000 deposit to Sellers Solicitor in addition to deposit to assignor.

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

About the Property

Checkout your next Fix & Flip or Buy & Hold project in the city of Oshawa. This 2 Storey semi-detached house consists of 3 bedrooms (with potential to add another in the basement) and 2 bathrooms. Square footage of this property is 1140sqft and the driveway will comfortably fit 3 vehicles. The home is dated throughout and requires a full cosmetic renovation to bring it back to its former glory. There is a current leak coming from the shower in the upstairs washroom that only happens when the shower is on but it will need to be looked at. This property is perfect for an investor looking for a spring fix and flip or buy and hold project! Call TODAY, this property will not LAST!

About the Neighbourhood 

The subject property is situated in the Farewell neighbourhood of Oshawa. The property is located off of the 401 on the South side. Highway 401 connects Oshawa with other major cities in Southern Ontario such as Toronto and Bowmanville. There are countless amenities near the subject property including the Oshawa centre, Starbucks, Tim Hortons, Canadian Tire, Superstore, LCBO, restaurants, and much more. The property is extremely accessible, transportation wise, as it is minutes from the GO Train terminal. Routes extend east to Union Station, making the commute into the city extremely easy!

Property Details

  • Semi-Detached House
  • 3 bedrooms
  • 2 bathrooms
    • 1 full bathroom
    • 1 half bathroom
  • 1140 sqft above grade
  • 570 sqft below grade
  • Built in 1976
  • No separate entrance
  • Basement ceiling height about 7ft (buyer to verify)
    • Ceiling tile
  • Appliances are included
  • Electric baseboard heating
  • No A/C
  • HWT is a rental and about 10 years old (as per seller)
  • Roof was replaced in 2003
    • shingles in good condition as per seller
    • Eaves may need to be cleaned
  • Electrical is fuse
    • copper wiring as per seller
  • Windows are a mix of updated and dated
  • On a cul de sac
  • Lot size is 23ft by 80ft (irregular)
  • Property taxes are approximately $3124
  • Zoning is R2

Recommended Renovations

  • Full cosmetic renovation
  • Replace windows
  • Seller has the option to leave junk behind so we 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: $519,999
  • We believe that this property is worth $580,000  as-is on the MLS
  • We believe after a full renovation and depending on finishes, this property would sell for at least $680,000 on the MLS
  • Purchase today for $60K BELOW MARKET VALUE
Assignment of Contract
Property Type:

Call 647-930-0291 for more details