Here is a great investment opportunity you don’t want to miss! Nestled in Surrey’s vibrant Newton neighborhood, strategically positioned across from Kwantlen Polytechnic Institute, we’ve secured a 2-bedroom condo priced $60,000 below its market value. This unit features southern exposure, 1 parking spot, and a convenient storage locker located on the same floor. Plus, the kitchen received a stylish upgrade in 2013. But here’s where it gets exciting: This property is primed for a quick flip. With minor cosmetic upgrades like new flooring, you can significantly enhance its appeal. And with the recent shift allowing rentals in virtually all strata buildings, you have the option to capitalize on the university’s proximity by holding it as a rental property. Whether you’re after immediate returns from a simple flip or eyeing long-term appreciation, this property ticks all the boxes. Grab it now and watch your investment portfolio soar!

We are selling our assignable purchase contract.

Closing is May 1st, 2024

*No special conditions on the CPS* 

• Owner occupied with vacant possession
• 3-storey wood framed building
• 3rd floor unit facing south
• 2 bedrooms
  • Primary bedroom features a walk-in closet and ensuite
• 2 bathrooms
  • 3-piece ensuite
  • 4-piece bathroom
• Built in 1993
• Total interior square footage: 1066 sq ft (as per BC Assessment) 
• Unit overview: 2 bedrooms, 2 bathrooms, kitchen, living room, dining room, storage room and laundry/utility closet
• All appliances will be included
• Kitchen features laminate countertops, white cabinets and white appliances (was renovated in 2013, as per Seller)
• Gas fireplace is located in the living room
  • Gas is included in the strata fee
• Flooring: carpet, laminate and linoleum
  • Seller has 2 boxes of laminate flooring that they will leave with the property
• HWT was installed in 2022 (as per Seller)
• Heated with electric baseboards
• Windows are original double pane aluminum
• Building has a torch-on roof that was last replaced in 2013 (as per Seller)
• Balcony is accessed through the living room
• On municipal water and sewer
• 1 underground parking stall
• 1 storage locker, located on the same floor
• Strata fee: $383.50/month (Buyer to verify)
  • Fees include: management, gardening and gas fireplace
  • No rental restrictions
  • Pets allowed with restrictions
• Annual property tax is $1456.00 as per THIS tax calculator