Offer on a reno property – now comes the waiting!

Well, everyone, as if I don’t have enough to do already, I put in an offer today on a property listed for sale by The Public Guardian. The Public Guardian acts in certain cases where someone is no longer able to manage their affairs. I’ve been looking for a renovation project for a while. In this case, the property has some issues (asbestos is one, and an oil tank that no longer complies with the law is another), but it has great bones.

The Public Guardian’s office has a lot of different committees that need to examine each offer carefully to make sure that they get the best possible outcome so I won’t find out for a full week (June 22) whether my offer has been accepted or not. It’s possible it won’t be; I understand that another offer has also been received.

But I’m thinking that if my offer is accepted, I’ll renovate the property, obtaining as many donations as I can of labour and materials, and donate whatever profits are made on the sale to local charities. The Royal LePage Shelter Foundation is one that I already support; a portion of all my commissions goes to support child literacy via that Foundation. I’ll have to think about the other (there are so many worthy candidates). 

I love doing renos and have been itching to get my hands on a property. This one is so cool — it was built in the 60s and has that retro vibe to it. Look at the amazing stove in the kitchen and check out the mosaic tiles in the bathroom!

The living room is so cool with tons of light from huge front and back windows.

I can see the possibility for lots of curb appeal!

This is a house that was clearly well-loved. I saw it initially because I had clients who were interested in perhaps flipping it, but when they decided not to go ahead, (and after discussing it with them fully), I decided to go for it myself.  Wish me luck! I’ll update you on June 22nd!

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4 Responses to Offer on a reno property – now comes the waiting!

  1. RP Fields says:

    Cool, looks like it has good bones and has obviously been well cared for. What neighbourhood is it in?

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  2. Jo-Anne Ward says:

    Trust that it will work out for you Peggy!! Do you ever have a chance to watch Sarah Richardson’s 2 shows: Divine Design is fun but Sarah’s House (in which she buys & redecorates a reno property is awesome! BTW, I called the West Hunt Club LCBO but the person I need to speak to about having Cocktails & Conversation there hasn’t yet returned my call…
    JW

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    • Peggy Blair says:

      Hi Jo-Anne,

      Yes, I love that show! Thanks for checking in with Hunt Club LCBO; hope someone contacts you. But you can also try to call Erin Etherbridge at the LCBO at 275 Rideau. She is the special events coordinator and can probably put you in touch with the right person at the Hunt Club branch. Thanks again!

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