View of the bay from 2nd floor! 1 minute walk to Ottawa River. Boat access only 2 minutes away. Where else can you get a duplex plus vacant neighbouring lot for only $99k?
How can you profit?
1) Rent It Out. Continue to rent to existing tenants. Collect $1300/month on a $99k property…beats the 1% rule!
2) Build something new on the lot next door. Both lots included in the list price.
3) Move Into One Unit. Serve an N12 to one of the tenants and live almost-free with the income from the second unit. City pays water!
SUMMARY:
– LOCATION: Campbell’s Bay, Quebec (Rue Front & Rue Leslie)
– PURCHASE PRICE: $99,900 Or Best Offer
– CLOSING: March 27, 2024 (This is an assignment sale.)
– TYPE: Duplex
– MAIN FLOOR UNIT: 1 Bed/1 Bath/Laundry
– SECOND FLOOR UNIT: 2 Beds/1 Bath
– PARKING: 4 Driveway Spaces, 1 Detached Garage Space
– BASEMENT: Unfinished
– SQFT: 1562
– LOT: 60’ x 120’ (2 lots)
– AGE: 1948
– PROPERTY TAX: $3922
– POSSESSION: Buyer to assume tenants in both units ($650/month each unit)
RENOVATIONS NEEDED:
– Cosmetic renos as desired as tenants turnover.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– It’s super cheap!
– City pays water
– New electric furnace in 2022
– Painted in last 2 years
Please let us know if you want to view it or if you want us to email you the info package. (Comparable listings, MPAC info, and more…)
Thank you,
Josea Paul, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Get notified of only the deals you are interested in by telling us your areas of interest. We notify you by email based on the geography you want. PUSH HERE to get the deals you want.