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Check out this spacious, entry level freehold townhouse located in a quiet Cul-De-Sac in prestigious Oakville - all at a discounted price of $660k!
This 3 Bedroom, 1.5 bath Freehold Townhome with a Large Backyard is a great option for investors looking to pick up a low risk asset in a great neighbourhood. The fact that it has no pesky condo fees also makes it very desirable for a first time home buyer looking to get their foot in the door in an expensive market like Oakville. For investors looking to park their money in a safe asset, you can attract A+ tenants in the area. Similar properties have consistently rented for over $2600/month, with some units being rented for over $3000!
Only cosmetic upgrades are required to make this townhouse an excellent property for an end user. The roof was done last year, and the furnace and hot water tank are in great working shape. The house is in livable shape right now and would qualify for A lender financing.
Even in this market, properties in Oakville are selling at a premium. The median price of a freehold townhouse in Oakville stood at $1,035,000 in December 2022- that's almost $400k over our price.
Buy this property today for $80k below market value, add minor cosmetic updates, and resell for a nice profit, or place an A+ tenant to subsidize your monthly payments on this great long term asset- many exit routes on this Profitable Property!
Closing : March 31, 2023(Flexible)
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