Who’s looking for a great deal? You choose how you want to profit…
1) It’s a profitable fix & flip opportunity.
2) It may have potential to be made into a legal 2-unit?? (You’ll need to verify.)
– After Repair Value – $490,000 approx (with light reno). With more renos it could sell over $500,000.
– If made into a legal 2-unit it would be worth over $550,000.
– LOCATION – Near Simcoe & Taunton in Oshawa
– It is NOT located in the rental licensing area near UOIT.
– detached 4-level backsplit (ie. better than a 3-level split)
– 45′ frontage
– 3 bed, 2.5 bath (bedrooms are all on the top floor)
– new flooring
– some drywall repairs, a fresh coat of paint
– some select bathroom updates (decent ceramic tiles in all bathrooms)
– kitchen is original. Some people would paint and update, some would replace.
– weeding and grass cutting.
– back yard fencing is crooked/falling.
– needs new roof soon.
– and there are plenty of other touch-ups and improvements we can do.
LEGAL 2-UNIT NOTES:
– You’ll need to verify that you can legalize this and what changes you’d need to make.
– Verify basement height.
– There are no windows in the lowest level. Would need to add a window or two with window wells.
– It has a double driveway, but will the city recognize its 3 parking spots based on where the property line is?
– Has second entrance in back. Stairs going up and down will need walls to separate the units.
It’s good to have multiple ways to profit!
Let me know if you’re interested and I can get you details. (Comparable solds, pictures, and more…)
This house is SOLD. But if you want more discount real estate in Oshawa, then please call us at (647) 557-5979 or fill in the form below…