Isn’t it every investor’s dream to buy the worst property in the best location?
Buy a rundown unit in one of the best buildings in the city to maximize your upside! This unit is a fixer upper and needs some TLC.
One of the unit’s best features is certainly the GIGANTIC private terrace/balcony with gas and water hookups for all your outdoor living needs.
Walk to Square One, Celebration Square, Living Arts Centre, Library, YMCA, Sheridan College, Public Transit. Easy access to major 400 series highways.
How can you profit?
1) Fix & Flip: Buy for $598k, renovate, and sell in the mid to high $700s, maybe more. The outdoor living space for this unit is a significant perk.
2) Move In: Looking for a stellar Mississauga condo yourself? Is there a student in your life going to Sheridan soon? Why not buy instead of rent? Enjoy the built in equity.
3) Rent: 2 bedroom units lease around $3000/month. Rent it out for now and move in when you’re ready.
SUMMARY:
– LOCATION: Mississauga, ON (3888 Duke of York Blvd at Burnamthorpe & Confederation Pkwy)
– PURCHASE PRICE: $597,900 Or Best Offer
– AFTER REPAIR VALUE: Mid to high $700s
– CLOSING: August 11 – September 11, 2023 (At seller’s discretion. This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 2 Beds/2 Baths
– PARKING: 1 Indoor
– SQFT: 807
– AGE: 2004
– CONDO FEES: Approx $550/month (includes all utilities!)
– PROPERTY TAX: Around $2500/year
RENOVATIONS NEEDED:
– This unit is in rough shape and needs full cosmetic renovations.
– Appliances likely need replacing.
– Possibly needs pest control.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– The building is incredible!
– Walking distance to everything.
– MASSIVE private terrace with gas line for your barbecue and outdoor faucetfor your garden hose.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Myra Afidchao, 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.