🏠🤑Two Storey Link Detached House in Oakville for the Price of a TownhouseÂ
Wholesale Price: $899,000 (Assignment Fee Included)
*****Pilgrims Way & Nottinghill Gate, Oakville, ON*****
Photos/Videos:Â
https://drive.google.com/drive/folders/1vLp4nnHQh0CfxkX6Tf_QZUd_aCmhK4HG
FULL BUYER’S PACKAGE: https://conta.cc/3N9Ad6a
Profitable Property is excited to present this fixer upper in a great location in Oakville- the desirable, well established Glen Abbey neighbourhood. This house in only 3kms away from the world famous Glen Abbey Golf Club.Â
Nestled in a quiet street, this house backs onto the Indian Ridge Trail. It is easily accessible from the QEW and is located close to all the amenities you would need. Glen Abbey is one of the first truly planned communities in Oakville, and is highly desired by families looking to put down roots in a well established community. The school zone also features some highly ranked institutions like Abbey Park High School, Abbey Lane Secondary, Pilgrim Wood public School Etc.
The house is currently dated and can use a full cosmetic renovation. The roof was last replaced in the early 2000s and needs to be replaced. The deck at the back of the house is also in need of repair. The Furnace, HWT & AC are rented – no need to worry about replacement or repairs. Most of the windows in the house were also replaced. The house was built in 1983, and is structurally sound. This house is one of the biggest models in the area, with a large living area located above the garage. The property is also fully detached above ground, unlike some of the other properties in the neighborhood.
For investors looking to get into the Oakville market, this house is available to you at a discounted price point of $899k! There are plenty of townhomes in the area that sell for well over $1 million! Get your hands on this Profitable Property today!Â
Closing: August 16th, 2023
(Seller has the right to extend the closing until September 6th, 2023 upon giving notice in writing to the buyer before July 16th, 2023)
Map Link: https://goo.gl/maps/yUPpo8TVyHZdvGuBA
Property Highlights:
- A+ Glen Abbey Location in Oakville
- Detached House(Linked below Grade)
- 32.37ft. x 123.25ft lot backing onto Ravine
- 3 Bedrooms
- 1 Full Bathroom
- 3 Half Bathrooms(Sink+Toilet)
- Single Car Garage + Driveway Parking for 4+ Cars
- 12’ x 10’ Rear Deck
- Finished BasementÂ
- Basement ceiling height over 7’
- Zoning: RL11(Accessory dwelling unit permitted)
- Year built: 1983
- Taxes: $4,211/year
- Furnace,HWT & AC Rental at $200/month(as per seller)
- Most of the Windows have been replaced
- 100 AMP Breaker PanelÂ
- Vacant Possession
- Seller will leave the property in Broom Swept Condition as per APS
Suggested Renos:Â
Full Cosmetic Renovation, Replace Roof and Fix Rear Deck
Comparable Properties:
- 509 Ridgewood Cr sold for $1,338,000 on May 9th, 2023
This fully renovated Link House was sold for $1.38 million the day after it was listed on the market! It is interesting to note that this house is linked above ground and looks more like a semi-detached, as opposed to our property which is linked below grade. Our property is also on a much larger lot.Â
- 1200 Potters Wheel Cr sold for $1,150,000 on April 11th, 2023
This property has moderate renovations, and has a smaller footprint than our property. It is also linked above ground and looks more like a semi-detached, as opposed to our property which is linked below grade and looks like a detached house. It sold for $1.15m- $250k over our price!
- 1087 Runnymede Cr, sold for $1,060,000 on May 29th, 2023
https://housesigma.com/web/en/house/aQmD7zV6pLn7J9Bo/1087-Runnymead-Cres-Oakville-L6M1C5-W5953632
This property is a freehold townhouse, and sits on a smaller lot than our property. It is dated on the inside and has a carpet throughout the house. In spite of being an unrenovated townhouse, it still sold $1.06m- $160k+ over our price point!