Who’s looking for a profitable property?
Your TLC will turn this house from a sad state of repair into a beautiful home that a family will be proud to show off! Taxes are low, it’s on a deep lot, and it’s a smaller home to renovate. Walking distance to grocery and Centre Mall. Just 5km from QEW and GO Transit. Come for a visit!
How can you profit?
1) Fix & Flip: buy for $299,900, renovate, and sell in the high $400s like the neighbour just did.
2) Single Family Home BRRRR: Nearby 2 bedroom apartments rent for around $2500/month. Consider adding a bedroom in the basement for some extra bucks.
SUMMARY:
– LOCATION: Hamilton, ON (Kenilworth Ave & Barton St)
– PURCHASE PRICE: $299,900 Or Best Offer
– AFTER REPAIR VALUE: A similar house a few doors down just sold for $481k!
– CLOSING: November 28, 2022, or earlier if you prefer. (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2 Beds/1 Bath
– PARKING: Street parking, or add a pad around back.
– BASEMENT: Unfinished, needs floor. Approx 7′ ceilings. Bathroom & laundry roughed in.
– LOT: 25′ x 100′
– AGE: 1920
– PROPERTY TAX: Only $1468/year!
RENOVATIONS NEEDED:
– This one needs work! Kitchen, baths, walls, ceiling, flooring, landscaping, basement, etc.
– Appliances not included.
– Some junk and furniture removal, maybe. The house is mostly empty already.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– There’s a new-ish furnace! It’s not hooked up yet (you’ll have to do that), but it’s yours.
– Even in a cooled market, how often can you find a detached house under $300k on MLS?
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,
Aaron Moore, Tomomi Wang & Josea Paul
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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