Shifting your focus to long term holds where you can add value?
This property is in a sought after area of west Oshawa near Whitby. It’s close to everything… 401, Oshawa Centre, Walmart, Lowes, you name it. Get to the GO station for an easy commute in a matter of minutes, or grab your Starbucks latte around the corner and hop right on the 401 instead. This house is in a pleasant, quiet, and mature neighborhood. It’s an all-brick, semi-detached house with a separate entrance. And there’s an in-law suite in the basement already! Legalize it to maximize your refi. This house is in rough & dirty shape and needs someone with vision to make it beautiful. Buy for $599,900, renovate, rent and refinance out of the increased value.
SUMMARY:
– LOCATION: Oshawa, ON (Hwy 2 & Stevenson Rd)
– PURCHASE PRICE: $599,900 Or Best Offer
– AFTER REPAIR VALUE: Around $800k
– CLOSING: August 24, 2022 (This is an assignment sale.)
– TYPE: Semi Detached Bungalow
– BEDS/BATHS: 3+1 Bedrooms (Could easily be 3+2). 1+1 Baths.
– PARKING: 4 cars (side by side)
– BASEMENT: 1 Bedroom Apartment With Separate Entrance (Not legal, but good ceiling height. Used to be 2 bedrooms. Easy to convert back!)
– SQFT: 989 sq. ft.
– LOT: 30′ x 110′
– AGE: 1959
– PROPERTY TAX: $3565/year
RENOVATIONS NEEDED:
– Lots of renos needed! This house is very dirty and needs new kitchens, bathrooms, flooring, etc. to make it nice again.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Great location! West Oshawa near Whitby
– Already has an in-law suite with separate entrance, good ceiling height, and side-by-side parking.
– 1 month close means less exposure to market changes while you wait to close.
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
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.