This amazing BRRRR opportunity is a duplex with the largest lot size in the area.
It’s classified as a Duplex in MPAC. There is even potential to add a 3rd laneway unit (a neighboring property did this already!). Zoned for multi-residential! Mostly just cosmetic renovations needed. If you want this deal, then please act quickly because we’ll be making a decision quickly.
How can you profit?
1) Fix & Flip: Buy for $465k, reno and sell over $650K.
2) Buy & Hold: ARV of $650K+ means potential for a BRRRR that still cash flows.
3) House Hack: Live in one unit and rent out the other! Update slowly as you see fit.
SUMMARY:
– LOCATION: Hamilton (Cannon St & Wentworth St)
– PURCHASE PRICE: $465,000 Or Best Offer
– BUY IT NOW PRICE: $469,900 – If you are 99% sure you want it based on photos, comps, talking with us, your due diligence, etc… then it can be yours and we won’t show it to multiple people. Yes we can arrange a viewing and/or inspection for you.
– AFTER REPAIR VALUE: Over $650K…some nearby duplexes even sold over $750K!
– CLOSING: August 3, 2021, but flexible (This is an assignment sale.)
– TYPE: 2 Storey Detached, Duplex
– BEDS/BATHS: 4 Beds/2 Baths (2 Beds/1 Bath in each unit)
– PARKING: 2 spaces
– BASEMENT: Separate entrance
– SQFT: 1152 sq ft
– LOT: 24 ft x 130 ft
– AGE: 1900
– PROPERTY TAX: $1580.86
RENOVATIONS NEEDED:
– Some cosmetic updates.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– New roof 2019
– Potential for a 3rd laneway unit for extra income
– Classified as a Duplex in MPAC
– Separate hydro meters
– Vacant possession will be given
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.
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