BUY NOW for $209,000. First come, First Served! Are you looking for an easy reno to rent or flip? This could be your lipstick reno gold mine! This home is quite spacious and was renovated in 2022 (before the most recent tenants left.) All it needs now is a quick refresh and you could be back on the market or tenanted for great rent; currently, a 3-bedroom home with 4 Pc Bath. However, there is also a separate side entrance to a large, full-height, unfinished basement. The corner lot is zoned for multi-residential and has a long, extended driveway. Perfect for an end-user, contractor, landlord, investor.
1) Rental or BRRRR – An easy first investment (as-is) or go ahead and add a basement suite. A duplex could bring in over $3000/month!
2) Fix & Flip – This could likely just be touched up, plus upgrade the kitchen/bath, to make a fast profit.
3) Realtors, add something on top and bring us a buyer. This could be a perfect family home after cosmetic touch-ups.
SUMMARY:
– LOCATION: Chatham, ON (Richmond St. & Queen St.)
– PURCHASE PRICE: Buy for only $209,000 Or Best Offer
– AFTER REPAIR VALUE: $270K or over $300K if you add a basement suite.
– CLOSING: January 30, 2025 (This is an assignment sale.)
– TYPE: 2-Story Detached
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: 3 –4 cars
– BASEMENT: Full height unfinished w/ separate entrance (as per seller.)
– SQFT: 972
– LOT: 38’ x 46’
– AGE: 1907
– PROPERTY TAX: $1,565 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetics: clean, patch, paint, and add a few fixtures.
– For top dollar, maybe update the kitchen or add the basement suite.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Great price point for beginner investors.
– Basic level of renovations for an easy, first-time or quick flip.
– Solid house, on a corner lot, with MULTI ZONING in a great/safe area.
LISTING ID: 1224-CHA-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Dussard
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Get notified of only the deals you are interested in by telling us your areas of interest. We notify you by email based on the geography you want. PUSH HERE to get the deals you want.