Who’s looking for a profitable property?
This quaint and charming bungaloft is just steps away from downtown shops. The lot is huge with lots of room to expand. The back yard is massive and there are no neighbours behind! The house is liveable/rentable as-is, but you’ll want to do some updates for a flip.
Nearby streets are rebuilding nicely…take a drive around the neighborhood for future inspiration.
How can you profit?
1) Flip: buy for $598k, pretty her up, and sell around $800k.
2) Rebuild: want to build something custom and beautiful for yourself? Milton custom builds are selling for over $2 MILLION on similar sized lots. Rebuild or add an addition for extra square footage. Come for a visit to see what a nearby neighbour did.
3) Rent for a while: a similar 2-bedroom bungaloft nearby just leased for $2300/month.
SUMMARY:
– LOCATION: Milton, ON (Main St & Ontario St in Old Town Milton)
– PURCHASE PRICE: $598,900 Or Best Offer. Cheapest detached house to sell in YEARS!
– AFTER REPAIR VALUE: Barely anything detached sells for under $800k in this city!
– AFTER RE-BUILD VALUE: $2,000,000+++
– CLOSING: Between March 28 – May 3, 2023 (Seller’s choice with 15 days notice. This is an assignment sale.)
– TYPE: 1.25 Storey Detached Bungaloft
– BEDS/BATHS: 2 Beds/1 Bath (1 bed on main, 2nd bed upstairs, 3rd bed can be the loft area)
– PARKING: 6 spaces
– BASEMENT: Crawl Space
– SQFT: 1127 sq. ft.
– BIG LOT: 59′ x 150′
– AGE: 1870
– PROPERTY TAX: $3375/year
RENOVATIONS NEEDED:
– Updates to kitchen, bath, flooring as desired, especially to flip. But rent-ready as is.
– Modernize exterior for top dollar (update siding).
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate. Ask us for more photos!
GOOD NEWS:
– Lots of room for an addition and/or to rebuild in future. Big big lot.
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.