Who’s looking for a profitable property?
This house is located on a big lot – 62 x 125 in the beautiful town of Brighton. Only 10 minutes off the 401, and within walking distance to Presqu’il Provincial Park. This bungalow has 3 large bedrooms, and a separate entrance to the basement with great ceiling height, which could be used to create a secondary accessory apartment. It also has a detached garage which was converted into an office – perfect for the work from home office! Who wants this discounted rental OR flip opportunity? It’s first come, first served.
How can you profit?
1) Purchase it as is and let the the tenants continue to rent it with built-in equity.
2) Inform tenants that you will move in and renovate, create a second unit in the basement and you have a great BRRR!
3) Cash for Keys and flip!
SUMMARY:
– LOCATION: Brighton, ON (Ontario St & Iroquois Ave) Brighton is a lovely town between Cobourg and Belleville. Just off the 401.
– PURCHASE PRICE: $389,000 Or Best Offer – First Come, First Served
– AFTER REPAIR VALUE: high $500s and maybe $600k+
– CLOSING: July 14, 2021 (This is an assignment sale.)
– TYPE: Detached bungalow
– BEDS/BATHS: 3+1 Beds/2 Baths
– BASEMENT: Separate entrance (great ceiling height)
– SQFT: 1032 sq ft
– LOT: 62′ x 125′
– AGE: 1968
– Detached garage has been converted to a home office
– PROPERTY TAX: $2166/yr
– ACCEPTING OFFERS: ANYTIME
– Vacant possession will not be given
RENOVATIONS NEEDED:
– Nothing needed if you are going to keep current tenants.
– Can do some cosmetic updates to taste.
– Some junk and furniture removal. (The property comes with what it comes with.)
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Potential rents are $3,000+/month as a 2 unit. Current rents are $1500/mt.
– Backs onto greenspace
– $150k+ under market value as is!
» Our friends at Profitable Property brought us this deal and we’re collaborating with them. «
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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Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee. Also, they can fund in 24 hours.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! No lender legal fee! Fully open!
DISCOUNT:
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA