Great location south of QEW. Lots of newer custom builds in the neighbourhood! Short walk to downtown Oakville and trendy Kerr Village. Fantastic family friendly neighbourhood. Walk to GO train, Oakwood Public School, daycare, shops, restaurants and walking trails. 5 minutes from Lakeside Park on Lake Ontario.
How can you profit?
1) Fix & Flip. Buy for 929k, renovate, and sell around $1.2M. This house has a legal accessory apartment.
2) House Hack. This house is in move-in condition. Live in one unit, making updates slowly over time. Rent out the basement apartment in the $2k/month range. Use the extra income to qualify for your mortgage.
3) Custom Build. The large 50’x136’ lot means LOTS of room to build your big beautiful dream house now or in the future. Ask us for custom build comps! There are lots in the neighbourhood on similar or smaller lots. Most are in the $2M-$4M range.
SUMMARY:
– LOCATION: Oakville, ON (HWY 403 & Kerr St.)
– PURCHASE PRICE: $929,900 Or Best Offer
– AFTER REPAIR VALUE: Around $1.2M.
– CUSTOM REBUILD VALUE: Upwards of $4M
– CLOSING: January 1-January 31, 2024 (At seller’s discretion with 30 days notice. Lots of time to get a bank mortgage. This is an assignment sale.)
– TYPE: 1.5 Storey Detached
– BEDS/BATHS: 2+1 Bedrooms/1+1 Bathrooms
– PARKING: 1 Detached Garage Space, 4 Driveway Spaces
– BASEMENT: 1 bedroom LEGAL accessory apartment
– SQFT: 1214
– LOT: 50’x136’
– AGE: 1949
– PROPERTY TAX: $4525/year approx.
RENOVATIONS NEEDED:
– Cosmetic updates to kitchens, baths, flooring, paint. But these can wait if you’re moving in.
– Garage needs cladding and new door.
– Rear addition needs new shingles.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Great location and huge potential for the lot.
– Lots of time to get a bank mortgage if you’re moving in!
– Furnace 3 years new
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, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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