Who’s itching for a project to start NOW?
Get your renovations started on this property before you change your bed sheets again! This vacant 2-unit property in Malton is ready for your TLC. Roof, furnace, and A/C units all new within last 3 years.
How can you profit?
1) Fix & flip: buy for $1,109,900, renovate, and sell for up to $1.3M to a family who can use the mortgage helper downstairs to stretch their purchasing power.
2) Buy, reno, rent and refinance! Roll your reno costs into your mortgage after repairs, and start collecting rent cheques. Market rents average $4000-$4300/month (for both units together).
SUMMARY:
– LOCATION: Mississauga, ON (Goreway Dr. & Morning Star Dr.)
– PURCHASE PRICE: $1,109,900 Or Best Offer
– AFTER REPAIR VALUE: $1,250,000-$1,300,000
– QUICK CLOSING: March 10, 2022 (This is an assignment sale.)
– TYPE: Semi Detached House
– BEDS/BATHS: 3+2 Beds/1+1 Baths
– PARKING: 2 Driveway Spaces Plus 1 Garage Space
– BASEMENT: 2 Bed/1 Bath Apartment (Separate Entrance, Not Legal)
– LOT: 30′ x 126′
– AGE: 1974
– PROPERTY TAX: $3,638/year (approx)
– MARKET RENTS: $2600-$2700/month upper unit; $1400-$1600/month basement unit
RENOVATIONS NEEDED:
– This house has been tenanted for quite some time. Needs substantial updates and cosmetic renos.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Roof, furnace, and A/C all new within last 3 years.
– Vacant possession.
– Access to both units from front and back of house.
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 notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.