This is a newer condo townhouse that you get to buy at a low price. It’s in pretty good shape too!
You’re probably wondering why you get to buy it at such a big discount. That’s because you’re buying it with problem tenants who haven’t paid rent in a while and aren’t allowing showings. You need to buy based on pictures and without seeing inside. You can see the exterior though. If an owner-occupant is buying this, then we may be able to arrange vacant possession.
How can you get the tenants out?
1) Take them to the Landlord & Tenant Board for non-payment.
2) Pay the tenants to vacate. Just factor it into the price. There’s a reason why you get to buy this at a big discount!
3) If you or a family member will move in, then that makes it easier to get the tenants out.
SUMMARY:
– LOCATION: 302 College Ave W, Guelph
– PURCHASE PRICE: $409,900 Or Best Offer
– AFTER REPAIR VALUE: $530,000 – smaller unit just sold for this price
– CLOSING: March 01, but might be negotiable (This is an assignment sale.)
– TYPE: 3-Storey End-Unit Condo Townhouse
– BEDS/BATHS: 4 Bed/1.5 Bath
– PARKING: 2 Spaces: Garage + Driveway
– SQFT: 1350 sqft
– AGE: 1992
– CONDO FEES: $306
– PROPERTY TAXES: $3,088
RENOVATIONS NEEDED:
– It’s built in the 90’s and in good condition, but the finishing aren’t fancy.
– Will need some touch-ups after the tenants move out.
– Please take a look at the pictures. Pictures are limited, but we work with what we have.
GOOD NEWS:
– This is a newer condo townhouse at a low price.
– You get rewarded for dealing with a problem tenant.
– This is an end-unit and its probably the biggest unit in the complex.
Please let us know if you have any questions or if you want us to get you details. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. TELL US what you want and get notified of only the deals you are interested in. We notify you by email based on the geography you want. PUSH HERE to get the deals you want: https://www.housedealsgta.ca/preferred-buyers/