Semi-Detached House in Oshawa! Assigned

  • $519,999
Fenelon Crescent, Oshawa, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: July 31st, 2024
*The seller has the option to shorten closing to June 3rd 2024, given notice is provided to the buyer by May 13th 2024. The seller also has the option to extend closing to August 30th 2024 given notice is provided to the buyer by July 10th 2024.*

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

About the Property

Ready for your next summer project? This semi-detached 3 bed, 2 bath 2 storey house has a footprint of 1215 sqft and sits on a lot with a frontage of 33.08ft and depth of 90.73ft. The property is dated throughout and will require a full cosmetic renovation. Windows are original so we would recommend updating them however the roof was redone 10 years ago with 20-year shingles. The A/C was just replaced last year saving the buyer a costly job. The basement is partially finished. We were unable to take pictures of the basement however we can confirm there is 1 powder room, wood paneling, and a utility room. The electric panel is fuse and is located in the basement. This structurally sound property will not last long! CALL TODAY BEFORE IT’S GONE!

About the Neighbourhood 

The subject property is situated in the Lakeview neighbourhood of Oshawa. The property is located just south of the 401. The closest major intersection is Park Rd S and Wentworth St W. 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 2 Storey House
    • 3 bedrooms
    • 2 bathrooms
      • 1 full bath
      • 1 half bath
  • 1215 sqft above grade
  • 597 sqft below grade
  • The basement is partially finished
    • 6.5ft-7ft Ceiling Height
    • Side entrance into landing area towards the basement
    • Although pictures are not provided, we can confirm that the basement has a powder room in need of renovation, a rec room with wood paneling throughout and drop ceiling
    • Basement is also a smokers area, which has not travelled to the main area of the house
  • Fuse panel
    • Wiring is up to code as per seller
    • Copper wiring as per seller, buyer to verify
  • Built in 1975
  • Furnace is owned
    • Exact age is unknown. 10-15 years old as per seller
  • A/C is owned
    • Installed last year
  • HWT is owned
    • Installed in 2007
  • Appliances included
    • Fridge, stove, washer, dryer
  • Roof was redone 10 years ago
  • Windows are original
  • 33.08ft by 90.73ft lot
  • Property taxes are approximately $3220.
  • R2 Zoning

Recommended Renovations

  • Full 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 BUY and HOLD opportunity.

  • Wholesale Price: $519,999
  • We believe that this property is worth $590,000 as-is on the MLS
  • We believe that after a cosmetic update, this property should be worth at least $685,000 on the MLS.
  • Purchase today for $70K BELOW MARKET VALUE

Comparable Analysis
  • 352 Killarney Court sold for $616,000 in February 2024. This 3 bed 2 bath semi-detached 2 storey house is mostly dated throughout but is in better condition than the subject property. The comparable has a similar footprint to the subject property however it sits on a 19ft x 80ft pie lot. Unlike the subject property the basement in the comparable is fully finished (drywall) and also has a walkout. However the comparable does have electric baseboard heating while the subject property is a gas furnace. Therefore after adjustments we believe the subject property would sell for a price of around $590,000 as-is on the MLS.
  • 1303 Park Road South sold for $685,000 just 25 days ago after only 2 days on the market! This semi-detached 2 storey consists of 3 bed, 2 bath and is similar in size to the subject property. The comparable sits on a 27ft x 109 ft lot and has slightly less frontage than the subject property. The comparable is updated throughout and has a fully finished basement, unlike the subject property which needs upgrades. However, the subject property is located on a more desirable quiet street whereas the subject property is located on a main road, with lots of traffic. Therefore after a cosmetic renovation, we believe the subject property would sell for a price of around $685,000 on the MLS.
Price:
$519,999
Address:
Oshawa
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details