Solid brick 1,400 +/- sq. ft., 75 +/- year old, 4 bedroom home OR 2 unit investment opportunity within walking distance to downtown zoned R1-B. Hardwood, carpet and vinyl flooring, 2 electrical meters, main floor kitchen and second floor kitchen, gas fireplace in living room, 8 +/- year old gas furnace, 3 piece bathroom on main floor, 4 piece bathroom on second floor, full walk-out basement, 40’ x 54.4’ corner lot (with commercial potential), paved and gravel parking for 2 – 3 vehicles, asphalt roof 8 +/- years old.

This is a well maintained home in an established and desirable neighbourhood. There have been extensive recent structural improvements including re-pointing, new brick window lintels and foundation excavation / insulation.

There is a new home inspection available, a geotechnical evaluation from Naylor Engineering Associates and a structural report from Tacoma Engineers. All suggested engineering work was completed to the home during the summer of 2006. A 1965 survey is available. There is a June 2007 appraisal for $184,000 (from Leo A. Mirotta AACI, P. App.)

Open House: Wednesday July 18 from 6:00 p.m. to 7:00 p.m. (OR view the property anytime with your REALTOR®).

Auction Date & Time: Wednesday July 25 at 7:00 p.m. On-Site

Address & Directions:200 Waterloo Avenue at the corner of Waterloo Avenue and Edinburgh Road South. The neighbourhood is bounded by Wellington Street to the South, Paisely Road to the North, the downtown core area to the East and the Hanlon Parkway to the West.

Auction Terms:

When Bailey Auctions sells a property, it is for cash, with no conditions and typically closing in 30 days. This means that you will not be permitted to bid on a conditional basis. You must know prior to bidding that you are pre-approved for a mortgage from a bank or other financing source, or that you have the cash in hand. If you require assistance with financing, speak with one of our Real Estate Experts and we will do our best to assist you. Once in a while when dealing with large family trusts, commercial properties and/or a business, a seller financing option is offered. If this is the case, the financing option is clearly published on all property marketing materials. When speaking with your lender about financing, always present him/her with the complete property information package. This will have all of the pertinent information that they will require to pre-approve you, less the price. If your lender forces you to put a price on the property, tell your lender the highest amount you would be prepared to pay for the property and see if you can get approved. If you can get approved at your highest price, then you know you can pay any number less than your approved number and perhaps just a little more, if you have to.

Speak with the Auction Company

Being honest with the Real Estate Experts of Gordon’s Estate Services about your level of interest in the property will increase your chances of buying the property. Most properties sold by Gordon's Estate Services are sold subject to confirmation, giving the Seller 48 hours to accept or reject the bid. Based on this premise, we sell almost every property (well over 90%) that we market through the auction process. During the auction of any asset, a Seller has a price in mind of what he or she would like to sell for and a Buyer has a price in mind of what he or she would like to buy for. As a buyer, by being honest with the auction representatives about your level of interest in the property, we can pre-prepare the Seller for the actual sale result several days prior to the auction, therefore increasing your chances of buying the property for your price.

Payments accepted by Cash, Debit or appropriate certified funds.. 2.5% selling commission offered to REALTORS® - Auction Subject to Prior Sale - 10% Buyer's Premium