This double-brick, 3-bedroom, 1-bathroom, fixer-upper is a great opportunity for the savvy investor to renovate and sell or rent out as student housing for the two nearby schools. Located in the desirable Eagle Place neighbourhood of Brantford, and only 3 houses in from the Grand River! Surrounded by parks, greenspace, and walking trails, with the OHL Hockey arena and Casino within walking distance. Restaurants, convenience, places of worship and sports facilities all located within a short walk or drive. Quick access to Highway 403.
How can you profit?
1) Fix & Flip: Buy for $359k, renovate, and sell in the mid $500s or more.
2) Student Rental: Walk to Laurier University, Brantford Campus, and Conestoga College! Renovate and rent out each room to students at $500-600 per month. Is there potential to add a 4th and 5th bedroom? Visit places4students.com to browse similar student rental spaces.
SUMMARY:
– LOCATION: Brantford ON (Aberdeen Ave. & River Rd.)
– PURCHASE PRICE: $359,900 Or Best Offer
– AFTER REPAIR VALUE: Mid $500s or more!
– CLOSING: January 1-February 1, 2024 (Seller’s discretion with 3 weeks notice. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 Beds/1 Bath (potential to add 4th and 5th bedroom??)
– PARKING: 5 Driveway Spots
– BASEMENT: Full, Unfinished
– SQFT: 1085
– LOT: 38’ x 115’
– AGE: 1910
– PROPERTY TAX: $2423/year
RENOVATIONS NEEDED:
– House is in rough shape, a cosmetic overhaul is needed (needs updates to kitchen, bathroom, flooring, drywall and paint)
– Upgrade fuse panel if desired
– Some porch repairs and landscaping
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– It’s cheap! Buy a detached house for only $359k.
– Newer furnace (2021)
– Tons of potential
– Proximity to significant institutions makes it accessible for buyers or tenants.
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, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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