Who’s looking for a deal in the country?
Here’s a big bungalow with a huge garage on 1.3 acres. Just north of Trenton & Belleville. You can buy this for under the MPAC tax assessment value!
Lot’s of ways to profit here:
1) Fix & Flip: Buy for $239,900, reno and sell in the high $400s.
2) Great opportunity to buy a cheap country house to reno to your tastes. Buy with lots of equity.
3) At this price you can rent it out and do well.
SUMMARY:
– LOCATION: Springbrook, ON (30-35 min to either Trenton or Belleville)
– PURCHASE PRICE: $239,900 Or Best Offer
– AFTER REPAIR VALUE: $450-$500k seems likely and maybe more.
– CLOSING: Flexible closing June 15-Sept 15. This depends on when the seller finds a new place. (This is an assignment sale.)
– TYPE: Detached ranch style bungalow on 1.3 acre treed lot
– BEDS/BATHS: 3 bed/1.5 bath
– PARKING: 9 spaces. 6 spaces in driveway + 3 car garage (2 in tandem, 1 beside)
– BASEMENT: Unfinished. High ceilings over 7 feet.
– SQFT: 1540
– LOT: 150′ x 389′ (1.3 acres)
– SEPTIC & DRILLED WELL
– AGE: 1976
RENOVATIONS NEEDED:
– The house has been lived in by a single man who doesn’t clean much. Clean-out, clean-up and yard work would increase the value a lot.
– The house could use updates. The finishings are dated.
– The driveway hasn’t been maintained and has become just tires tracks.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Buy under the MPAC tax assessment value.
– This is a solid, brick bungalow at a great price.
– Long closing gives you lots of time to arrange financing.
Need financing? We can connect you to reasonable private lenders who like to fund flips and BRRRs. There are options for small down payments and options for low rates if you put a higher down payment. Some lenders will fund the assignment fee too.
Please let us know if you want to view it or if you want us to get you details. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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