Semi-Detached House in Pickering! Assigned

  • $629,999
Assigned

Fix and Flip or Rental Opportunity

$120K BELOW Market Value!

Fieldlight Boulevard
Fieldlight Boulevard, Pickering, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: October 1st, 2024

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

About the Property

This semi-detached 3 bed, 2 bath 2 storey house has a footprint of 1577 sqft and sits on a lot with a frontage of 27.50ft and a depth of 117ft. The property is dated throughout however it is in good condition meaning it could be rented out with little or no updates. Additionally, the electrical is already on a breaker panel saving the buyer a costly job. The home is heated with baseboard heaters and there is no furnace or A/C. This property is perfect for a investor looking to end the fall season with a great flip or a investor looking for a great rental in Pickering.

Property Details

  • Semi-Detached 2 storey
    • 3 bedrooms
    • 2 bathrooms
      • 1 full bathroom
      • 1 powder room
  • 1577 sqft above grade
  • 698 sqft below grade
  • The basement is a finished living space
    • Drop ceiling with height of approximately 8ft
  • Breaker panel
    • Copper wiring as per seller, buyer to verify
  • Built in 1975
  • No furnace
    • Electric baseboard heating
  • No A/C
  • HWT is owned
    • 10-15 years old
  • Appliances included
    • Fridge, stove, washer, dryer
  • Roof was redone 10-15 years ago
    • Good condition
  • Windows are 20 years old
    • good condition
  • 27.50ft by 117ft lot
  • 1 car garage
  • Property taxes are approximately $3911.
  • X211 (SD) Zoning

Recommended Renovations

  • Full cosmetic renovation
  • Possibly update windows
  • Possibly add A/C
  • 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 rental opportunity.

  • Wholesale Price: $629,999
  • We believe that this property is worth $750,000 as-is on the MLS
  • We believe that after a cosmetic update, this property should be worth at least $850,000 on the MLS.
  • Purchase today for $120K BELOW MARKET VALUE

Comparable Analysis
  • 1796 Foleyet Cres sold for $725,000 in April 2024. This 4 bed 2 bath semi-detached 2 storey house is outdated throughout similar to the subject property but presents worse than the subject property. The comparable has a slightly larger footprint than the subject property (1500 sqft – 2000 sqft) and sits on a 35ft x 110ft lot with more frontage than the subject property. The comparable has one additional bedroom than the subject property. Therefore after adjustments we believe the subject property would sell for a price of around $750,000 as-is on the MLS.
  • 1922 Malden Crescent sold for $892,000 in March 2024. This semi-detached 2 storey consists of 3 beds, 3 baths and has a larger footprint of 1500-2000 sqft. The comparable sits on a similar 30ft x 150ft lot. The comparable has newer finishes than the subject property throughout but still isn’t a true arv. The comparable has an additional bathroom and has forced air natural gas heating. Therefore after adjustments and a cosmetic renovation, we believe the subject property would sell for at least $850,000 on the MLS.
  • 1936 Denmar Road sold for $850,000 in May 2024. This semi-detached 2 storey consists of 4 beds, 2 baths and has a similar footprint of 1553 sqft. The comparable sits on a larger 41ft x 117ft lot with more frontage than the subject property. The comparable is updated throughout however unlike the subject property the basement is not finished. The comparable has one additional bedroom than the subject property. Therefore after adjustments and a cosmetic renovation, we believe the subject property would sell for a price of around $850,000 on the MLS.
Price:
$629,999
Address:
Pickering
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details