Walk to lake! Private beach access at end of the street. Minutes from Sibbald Point Provincial Park and Jackson’s Point Harbour, a popular local spot for swimming and fishing.
How can you profit?
1) Move In/Family Cottage: Where else can you find yourself a $300k cottage on the lake this close to the city?!?
2) AirBnB/Short Term Rental: Very popular STR area due to proximity to Sibbald Point Provincial Park (5 minute drive). Visit AirBnB.ca for rates during peak and off seasons!
3) Wholetail via Cash for Keys: Successfully negotiate cash for keys with current tenant and put it back on the market! Selling as-is at current market value will still be a profitable play once vacant.
SUMMARY:
– LOCATION: Georgina, ON (South Side of Lake Simcoe, North of Toronto. Hwy 48 & Park Rd/Hwy 18)
– PURCHASE PRICE: $389,900 Or Best Offer
– AFTER REPAIR VALUE: Mid to high $600s
– CLOSING: April 11, 2024 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: 8 Driveway Spaces
– BASEMENT: Crawl Space
– SQFT: 957
– LOT: 50’ x 130’
– AGE: 1947
– PROPERTY TAX: Approx $2,500/year
– WELL/SEPTIC
– POSSESSION: Tenanted at $1050/month plus utilities. Long term tenant on month-to-month. Move in or negotiate cash for keys to relocate this tenant.
RENOVATIONS NEEDED:
– Cosmetic updates to kitchen, bath, flooring, paint.
– Needs appliances.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Cheap! Only $389k.
– Quiet location close to lake, local harbour, and provincial park.
– Newer roof and windows.
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,
Josea Paul, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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