Attention builders!
We don’t think there’s a better building opportunity than this in the GTA. If there is, please tell us about it. There is huge upside on this when you look at nearby homes selling around $2 Million.
You are steps to Burlington Bay and The Royal Botanical Gardens. Buy this super cheap and build a custom home. Houses are selling for $1.8 to $2+ Million on comparable lots. Bring your vision and make this amazing. It’s across the street from mature trees and a quiet cemetery. Some people won’t like the cemetery; however, others will love the peace, quiet and nature. Who loves the profits of the project?
How can you profit?
1) New build – Buy for $499k, tear down and re-build. There are comparables for over $1.8 Million and possibly over $2 Million.
2) Fix & Flip – We think you’re better off to build. However, the foundation of this house is usable, but the house is very crooked. Major, major renos would be needed.
3) What else will the city let you build on this lot?
SUMMARY:
– LOCATION: Burlington, ON (Plains Rd W & York Blvd)
– PURCHASE PRICE: $499k Or Best Offer
– AFTER NEW-BUILD VALUE: $1,800,000 and maybe over $2 Million. Bring your vision!
– AFTER REPAIR VALUE: approx. $900,000 if you salvage the current 2-bedroom house.
– AS-IS LAND VALUE: $600,000 approximately
– CLOSING: April 24, 2024 (This is an assignment sale.)
– TYPE: Single Detached Bungalow
– BEDS/BATHS: 2 Beds/1 Bath
– PARKING: 4 Driveway Space
– BASEMENT: Unfinished/Part-Basement
– SQFT: 702
– LOT: 75’ x 111’ (Irregular triangular shape)
– AGE: 1935
– PROPERTY TAX: Approx $3,127/year
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Some junk and furniture removal.
– Best to tear it down and re-build.
– Please view the pictures and videos for ideas on what you’d like to do.
GOOD NEWS:
– Easy access to highways 403, 407 & QEW. Close to GO station.
– Last purchased for $635,000. You can buy for $135k below that!
– Cheapest detached house or vacant land in all of Burlington.
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors