2-Storey Condo Townhouse Near Lake Ontario in Sought-After Neighbourhood of Mississauga!!
Basics
- Date added: Added 3 years ago
- Bedrooms: 3
- Bathrooms: 2
Description
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Description:
Functional, well-built townhouse nestled in the desirable Erindale area of Mississauga, within a short drive to Lake Ontario and a casual walk to Dundas St. The community itself is maintained and simmering with tranquility, encompassing 95 units varying in 2-storey and 3-storey builds. Few sales in this complex only make this commodity more desirable, rare and unique. Desirable location and functional layouts hold their value in an uncertain market, and this townhouse fits that prime description. Plus, vacant condition and a quick sale allows an Investor to capture instant equity before the year ends and reposition the unit in a timely manner for the MLS or a new Tenant. The newest sale is from late October 2022 and it traded over $700,000, which gives a reliable snapshot of current value!! Own this 2-storey unit for the approximate retail price of a much less desirable nearby stacked townhouse (see 115 – 1055 Forestwood Dr’s active listing) with a wide spread to protect you from any monthly depreciation. We are selling our assignable purchase contract.
Closing is between December 15th-20th, 2022
(Buyer will have the ability to choose the closing date)
*As per our APS, the Buyer agrees to pay the Seller’s legal fees on the sale up to $1500.***As per our APS, the Seller is allowed to leave behind 3 heavy furniture items, to be determined in their sole discretion at closing and the Buyer is to dispose of these items at their sole cost.**
***As per our APS, Seller agrees to payout the furnace rental item on closing, and any other rental items other than the HWT.***
Show all descriptionPROPERTY FEATURES- Unit comes with south exposure and a 2nd storey view of Lake Ontario
- Not all units in this complex boast such an impressive rear exposure!
- Seller is only the 2nd owner of this unit, and has owned since 1986! (as per Seller)
- 2-storeys
- 3 bedrooms
- Seller’s son uses the basement as his bedroom, but the Buyer would need to add a wall to be considered a 3+1 unit (Buyer to verify)
- 2 bathrooms
- 2-piece bathroom located on the main floor
- 4-piece bathroom located on the second floor
- Bathroom used to have a cheater ensuite door into the master bedroom, but it was converted into a linen closet (as per Seller)
- Built in 1975 (as per MPAC)
- Condo corp was registered in 1977 (as per GeoWarehouse)
- Above grade: 1190 sq ft (as per MPAC)
- Fully finished basement: 595 sq ft (as per MPAC)
- Basement is finished entirely with old panelling
- All appliances will be included
- Walkout to back yard is off the kitchen, not in the basement
- Attic received blown-in insulation several years ago (as per Seller)
- Fuse panel
- American standard gas furnace is 8-years-old (as per Seller)
- HWT is a Reliance rental, and is to be assumed by Buyer
- Carrier Central AC is included, but at a minimum needs a new fan before it will return to working order (as per Seller, Buyer to verify)
- We recommend Buyer budget for a new unit altogether
- Community used to come with a pool, but it was filled in many years ago(as per Seller)
- Backyard is fully fenced, and has a back gate where you can walk around past the noise barrier and out onto Dundas St if you need to run an errand or catch the bus
- 1-car, attached garage with working Chamberlain automatic door
- No indoor access from the garage.
- Buyer may verify if condo corp will permit adding a man door into attached garage
- No indoor access from the garage.
- Private driveway can accommodate 1 car
- Visitor parking on-site
- Condo fees: ~$360/month (as per Seller)
- Fees include: water, snow removal, insurance, lawn care, windows, and roof (Buyer to verify)
- On municipal services
- Zoning: RM5 (as per GeoWarehouse)
- Vacant possession
PROPERTY NEEDS
- Cosmetic updating
- Finish laying concrete patio stones in yard (Seller has verbally agreed to include all remaining usable patio stones and dispose of the broken tiles!!)
- Remove faint cigarette odour (smell is not overwhelming, but it is noticeable to the senses and could deter retail Buyers)
Please click HERE for more pictures and information.
- Unit comes with south exposure and a 2nd storey view of Lake Ontario
