***Bronte St. S & Heslop Rd*** Milton, ON
Wholesale Price: $660,000(Assignment Fee Included)
Photos/Videos:
https://drive.google.com/drive/folders/1T_unuPJdNkg4rSjiRxmTTYuTanON1I29?usp=sharing
FULL BUYER’S PACKAGE: https://conta.cc/3MCuUfc
Check out this spacious,fully renovated condo townhouse located in a great location in Milton- all at a discounted price of $660k!
This 3 Bedroom,1.5 bath Townhome with a Large Backyard is a great option for investors looking to pick up a low risk asset in a great neighbourhood. The fact that it is renovated, and in move-in condition also makes it very desirable for a first time home buyer looking to get their foot in the door in an already established market like Milton. For investors looking to park their money in a safe asset, you can attract A+ tenants in the area. Similar properties have consistently rented for over $2700/month, with some units being rented for over $3000!
The property was extensively renovated in the last 5 years, and is in complete move-in ready condition – new kitchen with stainless steel appliances, dark cherry hardwood flooring, pot lights, center island, Water softener, new staircase with hardwood flooring and wrought iron spindles etc. The basement is also finished and can be used as additional living space.
This condo fee covers water and all common element items – which means that you don’t have to worry about the Exterior Maintenance (Roof, Windows, Doors), Lawn Maintenance And Snow Removal, and Building Insurance.
How can you Profit?
- Wholetail : Refresh the paint, stage the house and resell for a nice profit! Not a single renovated condo townhouse with 3 bedrooms and a garage has sold under $760k in the last 30 days!
- Buy and Hold: Hold onto this beautiful property while an A+ tenant subsidizes your monthly payments. No need to worry about grass,cutting, snow removal, or large items like the roof, windows etc as the condo corporation takes care of that.
- First Time Buyers: Realtors, be prepared to impress your clients with a fully renovated townhouse for under $700k in this market with no competition!
Buy this property today for $100k below market value, stage it and resell for a nice profit, or place an A+ tenant to subsidize your monthly payments on this great long term asset- many exit routes on this Profitable Property!
Property Highlights:
- Condo Townhome
- 3 Bedrooms
- 1.5 Bathrooms
- Single Car Garage + Driveway Parking
- Size Estimate: 1200-1399 feet²
- Hardwood/Tile Flooring throughout
- Fully Renovated in the last 5 years
- Furnace & HWT(Owned) in good condition
- Taxes: $2,236/year(approx)
- Condo Fees: $490/month(covers Water, Roof, Windows, Exterior,Lawn Maintenance, Snow Removal, Building Insurance etc.)
- Vacant Possession
Suggested Renos:
Move-In Condition – No renos required!
Closing : August 10th, 2023(Flexible)
Comps:
- 6-741 Woodward Ave sold for $760,000 on May 15th, 2023
https://housesigma.com/web/en/house/ZxwR7MVj50e3KabB/741-Woodward-Ave-W-6-Milton-L9T3T6-W5967152
This nicely renovated 3 Bed,1.5 bath condo townhouse sold for $760k less than 30 days ago! It is very similar to our property in terms of its condition but was poorly marketed. It still sold for $100k over our price point!
- 70- 371 Bronte St S sold for $677,000 on April 30th, 2023
Same area and layout as our property but this unit needed a full gut reno! We estimate that this unit needs at least $75k in renovations to make it look anywhere close to our property. It still sold over our price in spite of being in such poor shape!
- 7- 481 Pitfield Rd sold for $720,000 on March 31st, 2023
https://housesigma.com/web/en/house/xLkv3V66nx63DBNr/481-Pitfield-Rd-7-Milton-L9T3J5-W5997481
This property is similar to ours in terms of size but was not fully renovated – it had carpet in the bedrooms and featured no pot lights. It was sold after being on the market for only 1 day, and for $60k over our price point!
Map Link: https://goo.gl/maps/aVmw4XFC5tfZPvqx7