Easy cosmetic reno opportunity with BIG upside! Great for beginners. Located in Colonial Acres, one of Waterloo’s most prestigious neighbourhoods. Think “money”! High income earners settle in this mature neighbourhood. The park at the end of the street includes a playground, pond, and outdoor skating rink in the winter months. The house is incredibly solid and built with amazing quality. Enjoy the fabulous, immaculately-maintained inground pool in the beautiful backyard.
Close to Conestoga Mall and LRT. St Jacob’s Market is only 10 minutes away. Lots of walking trails nearby.
How can you profit?
1) Easy Flip: Buy for $799k, do a beautiful cosmetic reno, and sell around $1.2M. This house is in a uniquely high-priced area.
2) Move In: Your opportunity to buy with instant equity and turn this into your dream home in an A++ neighbourhood!
3) Realtors, we’ll pay you 2.5% to bring us a closer! Your clients will thank you for getting them a rare discounted deal in Colonial Acres.
SUMMARY:
– LOCATION: Waterloo, ON (Colonial Acres at Lexington Rd & Conestoga Parkway)
– PURCHASE PRICE: $825,000 (Includes 2.5% Co-op for Realtors)
– DISCOUNTED DIRECT BUYER PRICE: $799,900 Or Best Offer.
– AFTER REPAIR VALUE: Around $1.2M. This is a property in the prestigious Colonial Acres area! This street and the street behind are unique.
– CLOSING: September 26, 2024 (Some flexibility sooner or later may be possible. This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3+1 Beds/2.5+1 Baths
– PARKING: 2 Garage Spaces Plus 4 Driveway Spaces
– BASEMENT: Finished
– SQFT: 1,755
– LOT: 53’ x 154’
– AGE: 1979
– PROPERTY TAX: $5,082 (2023)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Windows are original.
– Needs cosmetic updates throughout (kitchen, baths, flooring, paint, etc.). The house is well maintained but dated.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– The massive discount in the supreme neighbourhood.
– House has been well maintained over the years and mostly needs cosmetic updates.
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Dussard
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.