Who’s looking for a profitable property?
This is a small house on a big lot with loads of potential. Great for a builder who likes to start from scratch and put their name on a stunning new 2500 sq. ft. property. Or, renovate the existing house and still make a healthy profit on a “condo without condo fees”!
How can you profit?
1) Buy for $639,900, build a brand new beautiful house for another $600k, and sell for over $1.5 Million. $260k+ in your pocket!
2) Fix it up and flip it. Renovate, make it lovely, and sell for over $800k.
– LOCATION: Scarborough, ON (Kingston Rd. & Midland Ave.)
– PURCHASE PRICE: $639,900 Or Best Offer
– NEW BUILD VALUE: $1.5M++ (Great lot for new build!)
– AFTER REPAIR VALUE: Over $800k
– CLOSING: November 3, 2021 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 1 Bed/1 Bath
– PARKING: 1 space
– BASEMENT: none
– SQFT: 484 sq. ft.
– LOT: 30′ x 120′ (good size for rebuild)
– AGE: 1930
– Extensive renovations needed to both interior and exterior.
– Windows are original.
– Roof repair (new in 2007 but needs some attention).
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
– New furnace
– Profitable flip in the city in the $600s.
– BUILDERS: The huge spread on this leaves ultimate potential for that WOW factor while still lining your pockets with profit.
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…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. ATTENTION WHOLESALERS & INVESTORS: Did you know that we’ll buy deals from you or wholesale deals on your behalf? We split profits 60-40 with you. You get 60%.
We also pay $2,021 for all successful leads. Just give us the address and we’ll do the rest. Press here for details about our referral fee.
If you have a lead or a contract, then please push here to contact us and chat with Michael or JJ. Whether it’s a 60-40 split or $2,021, we want to pay you!
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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!
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA