Here’s a detached house you can buy at a big discount and you get good tenants paying $1890 per month.
How can you profit?
1) Enjoy your built-in equity and continue renting it.
2) Flip it. There’s enough spread to profit by flipping.
– LOCATION: Oshawa (Ritson Rd S & Olive)
– PURCHASE PRICE: $399,900 Or Best Offer
– AFTER REPAIR VALUE: mid $500,000s. Probably worth over $500k in as-is condition.
– CLOSING: March 24 (Assignment Sale)
– TYPE: Detached, 1.5 Storey
– BEDS/BATHS: 3+1 Bed/1.5 Bath
– PARKING: 3-4 spots, Detached 1 car garage, 2-3 spots on driveway
– BASEMENT: Finished
– SQFT: 1191 sqft
– LOT: 33′ x 100′
– AGE: 1929
– PROPERTY TAX: $2912.01
– RENT: $1890 + utilities
RENOVATIONS NEEDED: You shouldn’t need to do anything if you keep the current tenant.
– Tenants have been there since 2019. Currently paying month to month. So if you’d like to move in, their 12 month lease has expired.
– Nice backyard with deck and gardens with perennials.
– Make money when you buy!
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…)
Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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