Cautious about flipping in this market?
Enjoy a BIG $350k++ SPREAD on a deal where only minor renovations are needed. Lots of updates already done. Located in the coveted Headon Forest neighbourhood of Burlington. Close to Hwys 407 & 403. Walk to schools and parks.
How can you profit?
1) Wholetail: Lots of updates already done here. Get the cleaning lady in, install new flooring, then paint, stage, and list it FAST! You’ll turn a healthy profit in a short period of time.
2) Easy Flip: Take it a little further to maximize resale value. Add a bathroom, scrape the ceilings, and finish the pot lighting to sell around $1.45M-$1.55M.
3) Move In: Willing to rent a carpet cleaner in exchange for $250k?? Enjoy significant built-in equity from the jump. Update to your liking slowly over time.
SUMMARY:
– LOCATION: Burlington, ON (Hwy 407 & Upper Middle Rd)
– REDUCED PURCHASE PRICE: $1,110,000 Or Best Offer
– AFTER REPAIR VALUE: Mid $1.4s to mid $1.5s! The neighbour’s smaller 3 bedroom house with a lovely backyard just sold for a whopping $1.53M.
– CLOSING: November 18-December 18, 2023 (At Seller’s discretion with 21 days notice. Somewhat flexible. This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4+1 Beds/2.5 Baths
– PARKING: 2 Car Garage Plus 2 Driveway Spaces
– BASEMENT: Finished with 1 bedroom. Roughed in for bath.
– SQFT: 2081
– LOT: 48′ x 100′
– AGE: 1984
– PROPERTY TAX: $5200/year
RENOVATIONS NEEDED:
– Add another bathroom to maximize resale value.
– Minor cosmetic updates. (Remove some wallpaper/popcorn ceilings and repaint; install new flooring) Kitchen/baths already newer.
– Some junk and furniture removal.
– Ask us for more pictures, videos and inspection report for ideas on what you’d like to renovate.
GOOD NEWS:
– ALREADY UPDATED: roof, most windows, kitchen, bathrooms, furnace, A/C, garage door.
– The big spread in an uncertain market!
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
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.