Attention investors! If you are looking for a great Strathcona townhouse renovation project here it is.
Townhouse Positives
Located at 771 Keefer Street in Strathcona this 1979 built townhouse is the perfect townhome to add value to. Over 1300 sqft and 3 levels, this townhouse comes with parking, storage, in suite laundry and has the ability to add a mortgage helper suite down below. Vaulted ceilings and floor to ceiling windows allow for great light and a park view. The development consists of a total of 8 townhomes which makes the community feel connected. Strata fees are relatively low ($315) for a townhouse of this size.
What needs to be done
Cosmetically A LOT needs to be done. With a new kitchen, bathrooms, flooring, paint and appliances you can add significant value to this home. The kitchen is the big ticket item when it comes to renovations. Open it up, add stone countertops, and new cabinets. Spend money on quality appliances as these will make the kitchen shine. Laminate flooring will do the trick here as new laminate is not only durable but can also look great. Clean, neutral paint jobs will make the space look bigger and allow buyers to add their own personal touches.
Strathcona Area
These types of townhomes are in high demand as supply of 3 bedrooms are very low in the city. Strathcona is becoming a great neighbourhood for young families and with the proximity to downtown it will only continue to improve. More and more local coffee shops and boutique clothing stores are coming to the area. There is still the “edge” that is Strathcona but with the influx of young families the feeling in the area is changing.
Finished Project
3 bedroom townhomes are lacking in the city. As families are being financial pushed away from detached houses, townhomes of this size will become very popular. With a budget of $50-80,000 you could really transform this space. Fully redone I would expect this to sell for $1.1Million +.
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