Ajax is hot. This price point is hot. You can’t find anything like this on MLS at this price. A modern, premium end-unit that not only backs but also sides onto serene greenspace. And the best part? You’re getting all of this at an unbeatable discounted price!
How can you profit?
1) Flip it! This is an easy condo flip. The condominium handles most of the exterior maintenance. It won’t be home run profits, but it can be a base hit with low risk. If you keep your reno costs and financing costs low, then you can have solid profits Buy for $669k, make it pretty, and then sell it in the high $700s.
2) Calling all real estate agents! Bring your clients along! We offer a competitive 2.5% commission. This property requires some sprucing up and minor renovations but is otherwise move-in ready and eligible for bank financing.
3) Move in and profit! With some cleaning and light renovations, this property can be worth $100k more in no time.
SUMMARY:
– LOCATION: Ajax, ON (Bayly and Shoal Point Rd)
– PURCHASE PRICE: $669,900 Or Best Offer
– AFTER REPAIR VALUE: upper $700s and maybe close to $800k since it’s a ravine property.
– CLOSING: May 16, 2024 (This is an assignment sale.)
– TYPE: 3-Storey Condo Townhouse, Premium End-Unit
– BEDS/BATHS: 3+1 bed, 3 bath (1x2xMain, 1x2x2nd, 1x4x2nd)
– PARKING: 1 garage + 1 driveway spot
– BASEMENT: Finished, walkout
– SQFT: 1162 per MPAC. Past MLS listing says 1400-1599 because it’s all above grade.
– LOT: big back yard
– AGE: 2005 (Nice & Modern!)
– CONDO FEES: $247.12 (includes water, building insurance, common elements, parking.)
– PROPERTY TAX: Approx $3,644/year
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Some junk and furniture removal.
– Could use a fresh paint and some touch-ups throughout.
– Kitty litter boxes in the garage give odour that wafts through the house.
– Some parts of the basement will need significant cleaning for cat smell. Mostly the garage and hallway.
– Floor damage from cats in basement hallway.
– The kitchen is 19 years old and the faces of cabinets are peeling. Could be refurbished or replaced.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Backs AND sides onto greenspace.
– Sun-filled views of nature on three sides of the home.
– Premium sized backyard with a view.
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, 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.