Here’s a nice discount on a profitable property. But the important question is how can you profit?
1) Buy for $759,900, make it beautiful, then sell for OVER $900,000
2) Buy, reno, rent, refinance out of the increased value.
3) Great opportunity for a homeowner who wants to buy with equity.
Realtors show this to your clients please. You can charge the commission of your choice if it works for everyone. This is a livable and mortgage-able home with a long closing… so plenty of time for your clients to get a bank mortgage.
SUMMARY:
– LOCATION: Etobicoke (Steeles & Martin Grove)
– PURCHASE PRICE: $759,900 Or Best Offer
– AFTER REPAIR VALUE: Over $900,000. A couple recent sales are in the high $900s.
– CLOSING: June 01, 2021 (This is an assignment sale.)
– TYPE: Semi-Detached, Bungalow
– BEDS/BATHS/KITCHENS: 3+2 Bed/2 Bath/2 Kitchens
– PARKING: 3-4 parking spots on driveway and in carport
– BASEMENT: Apartment with separate entrance. Ceiling height is roughly 6.5 feet.
– SQFT: 1243 sqft
– LOT: 20′ x 121′
– AGE: 1965
– PROPERTY TAX: $2806.62
RENOVATIONS NEEDED:
– It’s a livable but dated house. It’s the type of house someone could live in now and renovate later.
– Some junk and furniture removal.
– Needs cleaning.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Excellent location and highway access to any of 427, 400, 401, 407.
– Furnace and AC are 1 year old. (Owned, not rented)
– Backs onto a bit of greenspace that includes power lines. Some people won’t like the power lines, but some people will like the greenspace and having no neighbours behind.
– Pie-shaped lot with a wide back yard.
– On a quiet court at the end of the street.
Please let us know if you want to view it or if you want us to get you details. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties for Real Estate Investors
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