Who’s looking for a profitable property?
$85k cheaper than the cheapest fixer-upper that sold in years! Short walk to Humber College, public transit, new Finch LRT, shopping and restaurants.
How can you profit?
1) Easy Fix & Flip or 2 Unit Conversion. Buy for $699k, renovate, and sell or refi close to the $1M mark (especially if you add a second unit!)
2) Move In. Happy to get into the market at a discounted price and renovate slowly over time? This house is dated but it’s move in ready. Realtors, we’re happy to cooperate…just add your desired compensation on top.
3) Hold & Rent. You can likely fetch close to $6k/month by renting 2 separate units after renos (3 bed + 2 bed).
SUMMARY:
– LOCATION: Etobicoke, ON (Finch Ave & Hwy 27)
– PURCHASE PRICE: $699,900 Or Best Offer
– AFTER REPAIR VALUE: Nearing $1M
– LONG CLOSING: Dec 2024 (Lots of time to arrange a bank mortgage! This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 Bedrooms/1.5 Bath
– PARKING: 1 Car Garage Plus 2 Driveway Spaces
– BASEMENT: Unfinished. Consider adding a separate entrance and apartment here.
– SQFT: 1,354
– LOT: 25’ x 100’
– AGE: 1981
– PROPERTY TAX: $3,333 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout (kitchen, baths, flooring, paint, etc.)
– New windows are in order.
– Finish the basement for an extra kick! Add an apartment for max value.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Cheapest price in YEARS!
– The house is dated, but is structurally in good condition.
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.