PERMITS READY TO BUILD A 2000 SQ FT HOME ABOVE GROUND, AND 1000 SQ FT 2ND LOWER UNIT. Builders, Investors, and end users, this is your opportunity. Choose to renovate and rent, renovate and hold, or knock it down to build a modern house. This property is permit ready, shovel ready and good to go! Where else can you find a house right off Lakeshore with approved permits, plans and vacant possession?!?! Break ground on Day-1; bonus the existing permits are for a 2-unit property! But maybe you simply do a cosmetic renovation to the small bungalow and rent to retirees, family or friends. The location is right off of the Lakeshore: Lakeview, walk to Lakefront Promenade Park, the marina, shops, restaurants, 2 golf courses, and easy access to QEW & 427 & Long Branch Go.
How can you profit?
1) Fix and Flip – Snag this property for $755K and sell for more than $1.7M. Save yourself $$$ as permits are already in hand at the time of purchase. The permits are for a 2-unit property! Or simply reno the existing bungalow and enjoy.
2) BRRRR or 2-Unit Conversion – Could even use as a rental or House-Hack, as permitting is for 2-unit property. Buy this property for $755K, and refi with a huge ARV. Rents in the area are $2700/month for a 2-bed unit approx., and a 3-bed unit is approx. $3500/month.
3) Build and Move-in – Are you looking to build a custom family home in a vibrant community with local shops, great parks, schools and easy transit. You can even House Hack or live with family in lower unit. Realtors Bring Your Clients and add something for yourself onto our price.
SUMMARY:
– LOCATION: Mississauga ON (Ogden Ave & Lakeshore Rd E)
– PURCHASE PRICE: $755,000 Or Best Offer
– AFTER REPAIR VALUE: $1.7M or more depending on your style/finishes!
– CLOSING: December 30, 2024 (This is an assignment sale.)
– TYPE: Single family Detached Bungalow
– BEDS/BATHS: currently 2 beds plus loft , and 1 full bathroom.
– PARKING: 3 spaces
– BASEMENT: Currently on slab. future 1000 sqft legal basement unit.
– SQFT: 690 sqft
– LOT: 25’ x 110’
– AGE: 1923
– PROPERTY TAX: Approx $2,802 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full cosmetic reno if keeping as-is or knock down to build custom home that already has permits!
– Permits already approved for custom built, 2-Unit property.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Unbeatable location.
– Shovel ready with permits.
– No need to waste time and get approvals.
LISTING ID: 1124-MIS-F02
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
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