This detached bungalow is brimming with potential and can be acquired at an excellent discount off the entry-level retail price in the neighbourhood. Distressed homes sell over $550,000 in this area and even trigger sales over asking when priced in this range. The family-friendly neighbourhood of Cedarland is a healthy mix of bungalows and splits. This property is situated in a quiet crescent next to transit, Wayne Gretzky Sports Centre, schools, parks, and all of the niceties of this sought-after community. Lynden Park mall and Hwy 403 is a short drive away for your commuters. 3 bedroom detached properties didn’t trade in the $400,000s since 2019, which leaves a wide buffer for an Investor to protect their downside.

We are selling our assignable purchase contract.

Closing is November 21st, 2022
**As per our APS, the Buyer agrees to pay the Seller’s legals up to $1500.**

PROPERTY FEATURES
3 bedrooms
Master bedroom features a set of sliding patio doors that lead out to backyard
2 full bathrooms
4-piece bathroom located on the main floor
3-piece bathroom located in the basement
Built in 1980
Above grade: 1170 sq ft (as per MPAC)
Partially finished basement: 1170 sq ft (as per MPAC)
Basement rec room features pot lights
All appliances will be included
Main floor is all hardwood floors and ceramic tile
Kitchen is spacious with an eat-in area and sliding patio doors leading out to gated side yard
Kitchen stove is a built-in gas cooktop, and oven is also built-in
Side entrance acts as the front door and leads into the living room that features a wood fireplace and semi-vaulted ceiling
100 AMP breaker panel
Gas furnace is owned, and is 1-year-old (as per Seller)
HWT is rented (as per Seller)
Central AC will be included
Central VAC is in working order, and will be included
Windows are vinyl, and are over 10-years-old (as per Seller)
Roof is from 2019 (as per Seller)
Exterior construction is mostly vinyl siding, except the front facade is brick
Backyard is fully fenced, but fencing was all done by the neighbour and sits on their side of the lot line (as per Seller)
Seller recently added a side gate for extra privacy in the backyard
An outdoor pool was apparently constructed in 1991, but it was removed before the Seller purchased 11-years-ago
Private driveway can accommodate 3-4 cars
Driveway is single-wide with allowance to widen driveway onto the front lawn (as per Seller)
On municipal services
Lot size: 40.38 ft x 0 ft (as per MPAC)
Lot dimensions on GeoWarehouse are listed as being: 114.8 ft x 48.43 ft x 112.08 ft x 40.89 ft (Buyer to verify)
Zoning: R1C (as per GeoWarehouse)
Vacant possession

PROPERTY NEEDS
Cosmetic updating
New deck in the backyard

Please click HERE for more pictures and information.