Waterloo Assigned

By July 13, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $50,000 BELOW Market Value!

Closing Date: July 30th, 2021

**Due to COVID-19 restrictions sight unseen offers are preferred.**

Westcourt Place – Waterloo, ON

The subject property is a 2 storey condo townhouse located in the Westmount neighbourhood in Waterloo. The property is situated within walking distance of the University of Waterloo, Laurier University and less than a 15 minute drive from the Go Station. This property is structurally sound with large upside potential after a cosmetic renovation. This property is suitable for a beginner or experienced investor looking to take on a cosmetic fix and flip or add a rental to their portfolio.

Property Features

• Condo Townhouse
• 2 storey
• 1298 sqft above grade
• 649 sqft basement
• 3 Bedrooms, 1.5 Bath
• Partially finished walk out basement with full ceiling height
• Breaker panel, copper wiring
• Electric baseboard heating
• Built in 1972
• Condo fees: $172.11

Renovations Needed

• Full cosmetic reno
• Option to add furnace, central AC and duct work

We are selling our assignable purchase contract for this excellent FIX & FLIP or Rental opportunity.

• Wholesale Price: $399,999 or Best Offer
• We believe that this property is worth $460,000 as-is on the MLS
• We believe that after a full cosmetic renovation, it should sell for $550,000 or more on the MLS depending on the finishes
• Purchase today for $50K BELOW MARKET VALUE

Comparable Analysis

• 186 Westcourt Place sold in May 2021 for $450,000. It is a 2+1 bedroom, 2.5 bath, 2 storey condo townhouse in the same complex as the subject property. In comparison to the subject property, it has a 1 less bedroom above grade, less square footage and a lower MPAC value. However, it has a few renovations completed and has been well maintained. We believe that after making these adjustments, the subject property would sell for a similar price on the MLS after a quick cleanup.
• 246 Westcourt Place sold in July 2021 for $532,800. It is also in the same complex as the subject property with 3+1 bedrooms and 2 bathrooms. This property has been mostly renovated (older kitchen cabinets and bathroom vanity), and includes forced air heating. The subject property also has a higher MPAC value. We believe that after a full cosmetic renovation and converting to forced air heating, an investor could sell for greater than this price on the MLS.
• 290 Westcourt Place sold in June 2021 for $529,800. It is also in the same complex and similarly has 3 bedrooms and 2 bathrooms. It has been very well maintained and also includes a few renovations such as new carpet forced air heating and an updated bathroom. However the property has an older kitchen and flooring, as well as a lower MPAC value compared to the subject property. We believe that after a full cosmetic renovation and converting to forced air heating, an investor could sell for greater than this price on the MLS.