Nestled in the serene landscape of Cornwall, this house offers immediate move-in potential with room for updates to enhance its value.
How can you profit?
1) Flip It: Buy for $349k, renovate, and sell in the $500s. There should be over $200k spread on this 2-acre property.
2) Easy Wholetail: As-is value is likely well into the $400s for this 2-acre property. With a bit of tidying up and staging it could sell for a lot more. This house is liveable and mortgageable. Get in and out before the summer ends!
3) Keep It: Your chance to enjoy life on 2 acres. Get away from the hustle bustle, relax and hear the birds! Realtors, we’ll pay you 2.5% to bring your clients. Closing is long enough for your clients to get a low interest bank mortgage.
SUMMARY:
– LOCATION: Cornwall, ON (Highway 401 and Boundary Rd)
– PURCHASE PRICE: $349,000 Or Best Offer
– AFTER REPAIR VALUE: High $500s
– CLOSING: July 30, 2024 (This is an assignment sale.)
– TYPE: Detached 1.25 Storey
– BEDS/BATHS: 4 Beds (2 up, 2 main)/1.5 Bath
– PARKING: 1 car garage and 5 driveway parking spaces. Also has a small barn for storage, animal husbandry, or whatever your heart desires.
– BASEMENT: Unfinished with separate entrance
– SQFT: 1417
– LOT: 209 x 409 – 1.97-acre property
– AGE: 1956
– PROPERTY TAX: $2,002 (2023)
– WELL/SEPTIC: Well & Septic
– HEATING: Propane furnace
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Some junk and furniture removal.
– The house is dated and could use updates. However, someone could choose to move-in now after some touch-ups and cleaning, and slowly renovate over time.
– Needs some electrical work.
– Windows are old. Propane fireplace doesn’t work.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Beautiful 2-acres of land!
– New AC in 2021, new furnace and water heater in 2020. 2014 roof is in good condition.
– Septic tank was inspected recently.
– Beautiful enclosed front porch that’s a big selling feature.
– On MLS, you can’t find a house this big on a couple acres for under $400k.
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
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