80K+ Instant Equity! Cheapest House on the Block! Detached Brick Bungalow in Prime Churchill Park Neighborhood. 19 Pinecrest Ave, Cambridge For Sale

80K+ Instant Equity! Cheapest House on the Block! Detached Brick Bungalow in Prime Churchill Park Neighborhood. 19 Pinecrest Ave, Cambridge

Wholesale Price: $650K (Or Best Offer)
Estimated As-Is Value: ~$730K
Estimated After Repair Value: ~$800+

Closing: August 1st 2022

Today we present a rare opportunity to acquire an amazing property with upside in a great market. 19 Pinecrest Ave is a classic brick bungalow in the highly desirable Churchill Park neighborhood of south Cambridge. It features 2 beds above grade + 1 below, and 1 + 1 baths. The main floor has a beautiful open concept kitchen/living/dining area and the basement has a separate entrance, a luxurious bathroom plus a bar that is plumbed in, providing great conversion or income suite potential (buyer to confirm). In the last 6 months no home has sold within 500m of this property for less than 700K and only 2 have sold for less than 800K! There is plenty of meat on the bone here, with great potential as a flip, wholetail, short-term rental, income suite conversion and BRRRR. Multiple exit strategies! Check out the pics and videos below and contact Peter now 647-955-0843 to place an offer or book a walkthrough.

19 Pinecrest is a classically styled and sturdy brick bungalow. Mechanically and structurally the property is in great shape, with no major updates required in the next 5 years. Cosmetically the house is rentable currently, but would require a bit of cosmetic work on the main floor to maximize ARV (see the potential upgrades below). The basement offers a lot of room for improvement. Currently the bathroom is quite nice, but the rec room is dated (wood panelling). There is a separate entrance to the stairway and a plumbed in bar, so there is intriguing potential for a quick income suite conversion (house hack!). The property has several selling features including an attached garage, covered porch area, large back yard, beautiful back deck, and proper storage shed with a shingled roof.

✨Comparables:
🏷11 Woodcroft Pl – $830,000 (Sold May 2022)
🏷6 Pinecrest Ave – $805,000 (Sold April 2022)
🏷21 Greenwood Ave – $967 000 (Sold June 2022)

For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/19-pinecrest-ave-cambridge

Address:
Cambridge
Terms:
For Sale
Property Type:
Home

Call 647-955-0843 for more details