Steps away from the serene waters of Cook’s Bay, this expansive 64’x239’ lot offers endless possibilities for both outdoor enthusiasts and savvy investors. Enjoy year-round activities like boating, water sports, fishing, ice fishing, skating, and ATV adventures. With schools, parks, shopping, and quick access to the 404, commuting and conveniences are at your fingertips. Basement boasts a 2 bed in-law suite for multigenerational living or a lucrative short term rental!
Act fast…this closes quickly.
How can you profit?
1) Hold & Rent. Rent as a full house or 2 separate units. Ask us for lease comps!
2) Fix & Flip. Buy for $599k, renovate and sell in the mid $800s at least.
3) Short Term Rental. Numerous AirBnBs are successfully operating nearby. Could you be one of them? This has 5 bedrooms, 2 kitchens, and lots of parking.
SUMMARY:
– LOCATION: Keswick (Georgina), ON (20 min north of Newmarket at Ravenshoe Rd & Lake Dr)
– PURCHASE PRICE: $599,900 Or Best Offer.
– AFTER REPAIR VALUE: Mid $800s (Or more! Some similar properties are selling in the $900s, and this is much closer to the water.)
– FAST CLOSING: October 9, 2024 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 Bed/1 Bath Main Suite Plus 2 Bed/1 Bath Basement In-Law Suite
– PARKING: 8 Driveway Spaces
– BASEMENT:
Separate entrance to 2 Bed/1 Bath In-Law Suite. Lots of new updates! Just needs finishing touches. 9’ ceilings and somewhat above-grade.
– SQFT: 1168
– HUGE LOT: 64’ x 239’
– AGE: 1948
– PROPERTY TAX: $4200/yr
RENOVATIONS NEEDED:
– Some cosmetic updates needed to main floor if you’re flipping. But it’s rent-ready as-is.
– Basement suite needs finishing touches.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Location, Location, Location: Just 100m from the water’s edge of Cook’s Bay!
– Recreational Haven: Whether it’s summer fun or winter sports, enjoy the natural playground at your doorstep.
– Workshop & Greenhouse:
Includes a large 10’x20’ workshop, ideal for projects or hobbies, plus a greenhouse for year-round gardening.
– No Urgency on Big-Ticket Items: Furnace and A/C newer (3-5 years). Roof, windows and HWT approx 10 years old.
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Dussard
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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