Who’s looking for a profitable property?
You can head a few directions with this property since both units will be vacant on possession! Flip, rent, or move in (whichever suits you best). This house could use some updating, but it’s liveable as-is. And you’ll have lots of time to arrange cheap financing before the spring closing.
How can you profit?
1) Fix & Flip: buy for $929,900, renovate beautifully, and sell close to $1.2M later this year.
2) Move On In: this house is liveable as-is. Pick your own basement tenants and let them pay for your cosmetic updates over time. Realtors, add your commission on top and bring your buyers!
3) Rent It Out: collect 2 rent cheques every month. Approx $2400-$3000/month upstairs, plus $1800-$1900/month downstairs (for renovated properties).
SUMMARY:
– LOCATION: Oshawa, ON (Harmony Rd. & Olive Ave.)
– PURCHASE PRICE: $929,900 Or Best Offer
– AFTER REPAIR VALUE: Well over $1.1M (nearing $1.2M)
– CLOSING: June 29, 2022 (This is an assignment sale.)
– TYPE: Detached Bungalow with Separate Entrance
– BEDS/BATHS: 3+2 Beds/1.5+1 Baths
– PARKING: 4-5 spaces, including carport
– BASEMENT: 2 Bed/1 Bath In Law Suite (Not Legal). Walkout to Ravine.
– SQFT: 1125 sq. ft.
– LOT: Approx 55′ x 258′ (ravine lot)
– AGE: 1973
– PROPERTY TAX: $4,749.25/year
RENOVATIONS NEEDED:
– Mostly cosmetic (kitchens, baths, paint, flooring, etc.)
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Both units vacant on possession.
– Super deep ravine lot! (Over 250 feet deep.)
– Long closing…watch this asset appreciate over the next 4 months before you even close.
– Furnace 3 years old.
– Water heater owned.
– 200 amp electrical already.
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 immediate access to these discounted deals as soon as they are available.