Who’s looking for a profitable property?
Check out this discounted detached backsplit on a corner lot. Close to schools, public transit, Bramalea City Centre, Costco, Chinguacousy Park, and Hwy 410. Most demo work has already been done, so you can get straight to the fun stuff.
How can you profit?
1) Fix & Flip: buy for $689k, renovate, and sell close to $1M.
2) Convert to 2 Units: turn the lower levels into a separate apartment and keep 3 bedrooms up top. Rents in the area are very strong! $2800-$3800/month for 3 beds, on average. Ask us for lease comps.
SUMMARY:
– LOCATION: Brampton, ON (Dixie Rd & Queen St E in Bramalea)
– PURCHASE PRICE: $689,900 Or Best Offer
– AFTER REPAIR VALUE: Mid to high $900s at least. Best comp is over $1.1M for a nicely renovated property.
– CLOSING: November 7, 2023 or anytime sooner if you prefer (This is an assignment sale.)
– TYPE: 2 Storey Detached Backsplit
– BEDS/BATHS: 3 Beds/1.5 Baths
– PARKING: 1 Garage Space Plus 1 Driveway Space
– BASEMENT: Mostly unfinished
– SQFT: 1642 sq. ft.
– LOT: 42′ x 100′
– AGE: 1985
– PROPERTY TAX: $4000/year approx
RENOVATIONS NEEDED:
– Cosmetic updates to kitchen, baths, flooring, paint, walls.
– Needs roof & windows.
– A/C and furnace are 15+ years old.
– Some landscaping.
– Some new appliances.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Mostly gutted already, so demo is minimal.
– Central vac system.
– The big $300k spread!
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.