Main floor unit vacant on possession! Pick your own tenants or move into the main floor unit and let the upstairs tenant help pay your mortgage! Conveniently located close to universities, schools, shopping, the casino, hospital, Grand River, Walking Trails, easy access to public transit, HWY 403 and all other daily amenities.
How can you profit?
1) Rent. The main floor unit will be vacant on possession and will be rent-ready after a good scrub. Earn rents around $3200 until 2nd floor unit turns over. Then you can get even better rents!
2) House Hack. Move into the main floor unit and let the upstairs tenant help pay your mortgage! Your chance to get into the market at an affordable price.
SUMMARY:
– LOCATION: Brantford, ON (Gilkison St & Colborne St)
– PURCHASE PRICE: $399,900 Or Best Offer
– AFTER REPAIR VALUE: Around $500k
– CLOSING: December 3, 2024 (This is an assignment sale.)
– TYPE: 2 Storey Detached Duplex (per MPAC)
– MAIN FLOOR: 2 Beds/1 Bath. Will be vacant on possession. Market rents are around $2000/month plus utilities.
– SECOND FLOOR: 1 Bed/1 Bath. Old tenant on brand new 12 month lease paying $1230/month plus utilities.
– PARKING: 3 cars
– BASEMENT: Unfinished, low ceilings
– SQFT: 1,640
– LOT: 50’ x 79’
– AGE: 1890
– PROPERTY TAX: $2,410 (2024)
RENOVATIONS NEEDED:
– The seller has spent six figures in updates over last several years! Some recent updates include newer furnaces (2), plumbing, hot water tanks (2), separate electrical panels, deck, fencing.
– Update the second floor unit on turnover if you like.
– The main floor unit is dirty but otherwise in good shape. A good scrub will make it rent-ready!
– A car fire in the driveway melted some of the siding. You might like to replace the damaged section.
– Some windows and flooring need replacing.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Each unit has its own backyard area.
– It’s cheap! Only $399k for a legal duplex that is practically rent-ready.
LISTING ID: 1124-BRA-F01
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
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