Have you been hunting for a VACANT LEGAL DUPLEX forever??
Minutes from hospital, Lake Ontario, Hwy 401, GO Station, schools, and numerous retailers and restaurants. This property is currently tenanted but will be VACANT on possession.
How can you profit?
1) BRRRR – buy for $679,900, renovate, rent for close to $5k/month, and refinance. Renovated “non-legal” 2 units in the area are selling around 900k. This one is legal…it will be worth more!
2) Realtors, do you have first time buyers that need a mortgage helper to make the numbers work after recent interest rate hikes? The legal basement apartment income will help them qualify for more financing.
3) House Hack – Live in one unit and rent the other! Pick your own tenants and enjoy the income.
SUMMARY:
– LOCATION: Ajax, ON (Bayly St & Harwood Ave)
– $100k PRICE DROP! NEW REDUCED PURCHASE PRICE: $679,900 Or Best Offer
– AFTER REPAIR VALUE: Around $900k
– CLOSING: December 31, 2023 – March 31, 2024 (At seller’s discretion with 21 days notice. This is an assignment sale.)
– TYPE: Semi-Detached Bungalow (Legal 2 Unit)
– BEDS/BATHS: 3+2 Beds/1+1 Bath
– PARKING: Double Wide Driveway – 6 Spaces
– BASEMENT: 2 Bedroom Apartment
– SQFT: 1017 sq. ft.
– LOT: 39’x 100′
– AGE: 1956
– PROPERTY TAX: Approx $4100/year
RENOVATIONS NEEDED:
– Update units cosmetically to maximize your BRRRR (kitchens, baths, flooring, etc.)
– Windows need doing.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– This property will be VACANT on possession. Current tenants are moving out.
– Lots of time to get a bank mortgage.
– Newer roof and furnace.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Myra Afidchao, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.