Buy for less than the 2018 sold price!
This house is almost rent-ready, and it’s yours at a discount. It’s on a nice, quiet corner lot just a couple kilometers from the waterfront. And there’s an extra 900 square feet of finished living space in the basement with above-ground windows too!
How can you profit?
1) Single Family Rental: want to keep it easy? At this price, you can skip the conversion and profitably rent out as a single family home for $2100-$2500/month.
2) 2-Unit Conversion: add a basement apartment and get income from TWO units!
3) Easy Fix & Flip: buy for LESS than the 2018 sold price, add some lipstick and rouge, and sell for around $450k+.
– LOCATION: Owen Sound, ON (9th Ave & 19th Ave)
– PURCHASE PRICE: $307,900 Or Best Offer. Will consider sight unseen offers.
– AFTER REPAIR VALUE: $450k+. Some October comps sold closer to the $500k range.
– CLOSING: November 30, 2022 (This is an assignment sale.)
– TYPE: Raised Bungalow, Detached
– BEDS/BATHS: 2+1 Beds/1+1 Baths
– PARKING: 4 spaces
– BASEMENT: 900 sq. ft. finished walkout with gas fireplace and above-ground windows.
– SQFT: 986 sq. ft. (not including basement)
– LOT: 53′ x 125′
– AGE: 1978
– PROPERTY TAX: $3900 approx
– Keeping as a rental? Update the floors and leave it at that!
– Flipping? Cosmetic updates as you see fit.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate. Ask us for videos!
– Corner lot.
– Newer Centennial windows (2017) with lifetime warranty.
– Some updates to kitchen & bathrooms a few years back.
– New appliances 2018.
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…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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