Cheapest Property Ever in Guelph 70K+ Undervalued, Perfect Flip, BRRRR & Potential ADU Conversion Assigned

  • $640000
  • 3 beds
  • 2 baths
Assigned

Ready for your next flip, BRRRR or conversion project in Guleph! 52 Uplands is the perfect property for you! This is the CHEAPEST property that EVER sold over the past 1 year and within 0.5km of the subject property. This includes November and December 2020 sold data,BEFORE the crazy appreciation happened in the market. Located in a highly desirable area of Guelph with renovated comparables selling over 800k+ and unrenovated comparables selling over 700k+, this property doesn’t only present instant equity to the investor, but also a phenomenal opportunity to flip as well! The house right across (54 Uplands) sold for 800k and was not in newly renovated condition (different flooring & paint choices each room, older bathroom tiles). We believe fully renovating this property top to bottom could achieve over 820k+ in ARV and by adding an additional in-law suite (there is already separate basement and basement is ~7ft) or legal ADU you can achieve 900k+ in ARV as no comparables have a basement in-law suite or ADU. Don’t miss out on this amazing investment opportunity!

Take advantage of this amazing undervalued property in a highly desirable area in Guelph. This property is in a beautiful residential area, within 5 minute walking distance to Brant Public School and nearby local parks (Brant Park, Dakota Park). With residential amenities nearby and close driving distance to grocery stores, retail stores etc. this property makes a perfect investment or flip project, attracting high quality tenants or buyers.

Property Features:

  • Gorgeous all brick detached home
  • 3 bedroom + 2 bathroom
  • Sqft approx. 1,180 above grade
  • Zoning R.1, permitted use of accessory apartment ; potential to add legal ADU (buyer to verify)
  • Basement height ~7ft (per Seller & walkthrough person), seperate basement entrance
  • Old roof shingles – end of life expentancy
  • Older windows
  • Concrete foundation- hairline crack – no structural issues noted, requires epoxy or slight parging
  • Little to no moisture in basement at time of inspection- dry basement, no noted issues
  • Good bones/foundation throughout entire house
  • Attached garage
  • Detached shed for storage
  • Electrical panel 100amp breaker – aluminum & copper wiring
  • Copper plumbing & ABS
  • Water heater gas- appears to be rented
  • HVAC forced air – Furnace in working condition, but older furnace

Comparable Sales:
54 Uplands Pl – $800,000 (Sold January 2021)
3 Shakespeare Dr – $811,067 (Sold Mar 2021)
19 Mohawk Dr – $762,000  (Sold May 2021)
10 Uplands Pl – $705,000 (Sold Mar 2021)
538 Speedvale Dr – $750,538 (Sold May 2021)

Price:
$640000
Address:
Guelph
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home

Call 647-933-5598 for more details