This spacious, open-concept 3+2-bedroom semi-bungalow is perfectly situated near both Catholic and public schools, and within walking distance to shopping malls, medical centers, and other amenities. The property includes a 2-bedroom fire-rated in-law suite in the basement, ideal for generating extra income. Steps to public transit and easy access to the 401.
How can you profit?
1) Rent It Out ($5k/month): Renovated 3 bed main floors fetch approx. $3k/month plus utilities. 2 Bedroom basements rent around $2k/month.
2) House Hack: Live in one unit and rent the other! Let tenants help you with your mortgage.
SUMMARY:
– LOCATION: Scarborough, ON (Neilson Rd & Sheppard Ave)
– NEW REDUCED PURCHASE PRICE: $759,900 Or Best Offer.
– AFTER REPAIR VALUE: $900k+
– CLOSING: November 20, 2024 (This is an assignment sale.)
– TYPE: Semi-Detached Bungalow
– MAIN FLOOR UNIT: 3 beds/1 bath
– BASEMENT UNIT: 2 beds/1 bath in-law suite. Fire rated with compliance letter from city.
– PARKING: 3 Driveway Spaces
– SQFT: 1,008
– LOT: 30’ x 110’
– AGE: 1975
– PROPERTY TAX: $2,833 (2024)
RENOVATIONS NEEDED:
– You might do some cosmetic updates to maximize rental potential. Some investors may choose to rent out as-is.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Basement is already fire-rated with approval letter from city. It probably wouldn’t take much to legalize!
– New deck in backyard.
LISTING ID: 1024-SCA-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
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.