Buy a detached house cheaper than nearby semis or condos! Close to Hwy 406, public parks, golf course, downtown St. Catharines and the Pen Centre.
How can you profit?
1) Fix & Flip: buy for $325k, renovate, and sell in the low to mid $500s. Cheap house = lower risk flip. You’ll have more end users able to qualify for the purchase on your exit than with higher priced homes.
2) Move In: great opportunity for a first time home buyer to get into the market at a low price. A little bit of elbow grease will go a long way! Do some renos now, and save cosmetic updates for a later time.
3) Realtors, bring your clients! We’ll pay you 2.5%.
SUMMARY:
– LOCATION: St Catharines, ON (Oakdale Ave & Lincoln Ave
– PURCHASE PRICE: $333,900 Or Best Offer (Includes 2.5% Comp for Realtors)
– DISCOUNTED DIRECT BUYER PRICE: $325,900 Or Best Offer
– AFTER REPAIR VALUE: Low-mid $500s
– CLOSING: February 12, 2024 (This is an assignment sale.)
– TYPE: Detached Bungalow with Finished Attic
– BEDS/BATHS: 2 Beds/1 Bath
– PARKING: 1 Space
– BASEMENT: Unfinished. 5’ 9” ceilings.
– SQFT: 984 plus finished attic
– LOT: 32’ x 160’
– AGE: 1915
– HVAC: Radiators & ductless A/C
– PROPERTY TAX: Approx $2475/year
RENOVATIONS NEEDED:
– Parge stucco.
– Cosmetic updates to kitchen, bath, flooring, paint, etc.
– Electrical is fuses. Consider updating.
– Most windows are new. A few still need replacing.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– It’s cheap!
– Sunroom across front of house
– Finished attic
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,
Josea Paul, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.