How about a money maker you can throw on your line of credit?
Walk to the water in 1 minute! This bungalow is nestled nicely on a deep lot with lots of parking. (Garden suite potential, anyone??) It’s 5 minutes from Casino Rama, Splash On Water Park, and other tourist attractions in this popular waterfront town. Lake Simcoe and Lake Couchiching attract tourists from all over with ice fishing, boating, snowmobiling, and jet skiing…a four season playground known for some of the best boating, paddling, swimming, and water sports in Canada.
How can you profit?
1) Fix & Flip – buy for $349,900, renovate, and rival the neighbour’s house that sold for $575k last week.
2) Add A Garden Suite – add a secondary unit on the property to make this sweet deal even sweeter! Orillia planners have noted a rising interest in local garden suites since allowing them in January 2021.
3) Short Term Rental – run a lucrative year-round AirBnB. You’ll have guests coming to ice fish, boat, jet-ski, swim, and visit Casino Rama every month of the year.
SUMMARY:
– LOCATION: Orillia, ON (30 min north of Barrie, along Lake Simcoe)
– PURCHASE PRICE: $349,900 Or Best Offer
– AFTER REPAIR VALUE: A similar house 3 doors down (updated) just sold for $575k.
– CLOSING: November 30, 2021 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2 Beds/1 Bath
– PARKING: 4+ Spaces
– BASEMENT: Crawl Space
– SQFT: 827 sq. ft.
– LOT: 66′ x 165′ (deep lot)
– AGE: 1953
– WELL & SEPTIC
– PROPERTY TAX: Estimated $2340.72/year
RENOVATIONS NEEDED:
– It needs a full interior update.
– Some junk and furniture removal.
GOOD NEWS:
– Location, location, location!
– Garden suite potential on the deep lot.
– Septic serviced twice in last 5 years.
– Roof & windows new 7 years ago.
– 2 sheds for storage.
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,
Aaron Moore, Tomomi Wang & Josea Paul
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.
Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! Fully open!
DISCOUNT: Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA