favorite
favorite
hide
unhide
flag

Posted

print

OFF MARKET!!! Wholetail, Rent or Move In. Cheap Condo for $399k In Exc

Who's looking for a profitable property?

Invest in a prime Glen Abbey condo in Oakville. This high-demand area ensures strong resale and rental potential. Enjoy modern amenities like ensuite laundry and a private balcony. Benefit from easy access to highways and the Go Station, perfect for commuters. The well-managed, low-rise building offers low fees, providing excellent value without high maintenance costs. Secure your piece of Glen Abbey today and enjoy a lifestyle of convenience, comfort, and financial promise.

How can you profit?
1) Wholetail: buy for $399k, keep updates minimal, and sell around $500k but probably more…the most recent comp at $505k was in similar condition to ours (except flooring was updated). A beautiful reno would likely fetch a higher price.
2) Move In: Enjoy close to $100k off market value for an Oakville condo backing onto greenspace. Great for your first time home or someone looking to downsize!
3) Rent: Enjoy approx. $2500/month in rental income from this unit. It comes vacant…choose your own tenant!


SUMMARY:
- LOCATION: Oakville, ON (1470 Bishops Gate at Third Line and Upper Middleway Rd)
- PURCHASE PRICE: $399,900 Or Best Offer
- CURRENT MARKET VALUE: Around $500k
- CLOSING: July 6 - August 6, 2024 (Seller’s choice, with some flexibility. This is an assignment sale.)
- TYPE: Condo Apartment
- BEDS/BATHS: 1 Bed Plus Enclosed Den/1 Bath
- PARKING: 1 Parking Space
- SQFT: 728
- AGE: 2003
- CONDO FEES: $410/month (includes water)
- PROPERTY TAX: $1,863 (2023)
- POSSESSION: Vacant

RENOVATIONS NEEDED:
- Could use cosmetic updates to kitchen, flooring, bathroom…but this property is in liveable condition and mortgageable.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you'd like to renovate.

GOOD NEWS:
- Use the den as an office space or small second bedroom! It has double doors already.
- Newer 2003 build means unit is only 20 years old

MORE PICTURES and our contact info are here: https://www.housedealsgta.ca/property/condo-investment-oakville/

post id: 7754798067

posted:

best of [?]

loading
reading
writing
saving
searching