Assignment Townhouse for Sale
Excerpt Unbeatable Investment Opportunity! This spacious 975 sqft 2-bedroom, 2-bathroom suite in the sought-after Wallaceton community is being offered as a high-priority distress sale. Priced at just $620,000—which is significantly below the original purchase price—this assignment sale offers immediate equity in one of Kitchener’s fastest-growing neighborhoods. Prime Location Contemporary Living in Kitchener’s Huron South Neighborhood […]
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Unbeatable Investment Opportunity! This spacious 975 sqft 2-bedroom, 2-bathroom suite in the sought-after Wallaceton community is being offered as a high-priority distress sale. Priced at just $620,000—which is significantly below the original purchase price—this assignment sale offers immediate equity in one of Kitchener’s fastest-growing neighborhoods.
Situated at 23 Spachman Street, this property is part of the master-planned Wallaceton community in the heart of Huron South. Residents here enjoy the perfect balance of suburban tranquility and urban accessibility. The area is renowned for its family-friendly atmosphere, featuring expansive green spaces, modern schools, and easy access to the RBJ Schlegel Park. With proximity to major transit corridors and the growing tech hub of Kitchener-Waterloo, this location is ideal for both professionals and growing families.
Suite 85 offers a generous 975 square foot floor plan that prioritizes open-concept living and functional space. With 2 well-sized bedrooms and 2 full bathrooms, this home provides ample room for a comfortable lifestyle. This is a genuine distress sale; the current asking price is positioned below the original contract price from the developer. For a savvy buyer, this represents a rare ""buy-low"" scenario in a real estate market that continues to show long-term strength.
The interior of this Wallaceton residence is designed with a focus on modern aesthetics and high-quality finishes. The layout allows for a seamless flow between the kitchen and the living areas, creating an inviting environment for entertaining guests or relaxing at home. While the unit provides nearly 1,000 sqft of interior luxury, its placement within the community ensures that you are never more than a few steps away from scenic trails and urban conveniences.
At an asking price of $620,000, this property is listed at approximately $635 per square foot. This is an incredibly aggressive price point for new construction in Kitchener, especially for a unit of this size. As a motivated assignment sale priced below the initial investment cost, the purchaser stands to benefit from a lower entry point than those who bought directly from the builder years ago. This is a strategic acquisition for anyone looking to build a portfolio with a high-value asset.
23 Spachman Street Unit 85 is the definition of a smart real estate move. Combining a large 2-bedroom footprint with a distress-sale price tag, it is a property that offers both immediate financial gain and long-term lifestyle benefits. Don’t miss this opportunity to secure a home in one of Kitchener's most desirable new developments for less than the original owner paid. Contact us today to discuss the assignment details and finalize your move to Wallaceton!
300 Richmond St W #300, Toronto, ON M5V 1X2
inquiries@Condoy.com
(416) 599-9599
We are independent realtors® with Home leader Realty Inc. Brokerage in Toronto. Our team specializes in pre-construction sales and through our developer relationships have access to PLATINUM SALES & TRUE UNIT ALLOCATION in advance of the general REALTOR® and the general public. We do not represent the builder directly.
