Who’s looking for a profitable property?
This outdated property is a blank canvas, perfect for investors and flippers. With some TLC, you can flip it into a dream home or take advantage of its layout to convert it into two income-generating units. Endless potential—bring your vision and tools to unlock its true value! Ideal for those looking to maximize their investment. Don’t miss out!
How can you profit?
1) Fix & Flip. Around $300k spread leaves you lots of room to profit!
2) Convert to 2 Units. The basement already has a separate entrance, kitchen, half bath, and 1 bedroom. Renovate and rent out both units between $5k-$6k/month.
SUMMARY:
– LOCATION: Etobicoke, ON (Kipling Ave & Westhumber Blvd)
– PURCHASE PRICE: $769,900 Or Best Offer
– AFTER REPAIR VALUE: $1.05M-$1.1M
– CLOSING: October 29, 2024 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+1 Beds/1+0.5 Baths
– PARKING: 3+ Spaces
– BASEMENT: Separate Entrance to 1 Bedroom Almost-Apartment (need to add third piece to bathroom, but there’s a kitchen down there already!) Not legal yet. 8’ ceilings.
– SQFT: 1160
– LOT: 40’ x 113’. Widens to 52’ at back.
– AGE: 1956
– PROPERTY TAX: $3,541 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– This property needs a good top-to-bottom update. Everything is old!
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– The big spread between your buy price and resale price.
– Close to all amenities and major highways (400/401/427)
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Dussard
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.