Who’s looking for a profitable property?
Last sold in 2021 for $550K, you can buy for only $349k now! This 2016 build offers 12 acres of opportunity! This off-grid property allows multiple exits – quick flip, short term rental or a vacation home with equity. It includes great features like solar power, a walk-out basement and double car garage.
With all the mechanicals only 10 years old and priced at $349K, leaving plenty of room to make the updated need for your chosen exit. With older, outdated homes on 1/3 of the land selling close to $400K, you can choose to do a light wholetail flip or update the cosmetics to maximize your returns.
How can you profit?
1) Vacation Home with Equity – You won’t find a 2016 build on 12 acres for $349K on the MLS! Make a good investment and make the family happy with this comfortable lake country home – buying equity and summer memories in one package!
2) Easy Flip – Buy for $200K less than its last sale price, focus on cosmetics and sell into lake country where renovated acreage properties in this market trade at a significant premium and position yourself to capture the gap.
3) Realtors Bring You Buyers – This property is a great fit for your clients who are looking for a solid property at a discounted price, it’s a perfect opportunity for those looking for a primary residence or vacation cottage at an affordable entry point! Add your desired commission!
SUMMARY:
– LOCATION: Magnetawan, ON (North of Ahmic Lake, 1 hr north of Huntsville)
– PURCHASE PRICE: $349,000 Or Best Offer.
– 2021 SOLD PRICE: $550,000 (Buy it for $200K less than last sold price!)
– CLOSING: June 15, 2026 (Possibly flexibility to close early. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2+1 beds/2 baths
– PARKING: 2-car garage plus 6 driveway spots
– BASEMENT: Finished, walkout
– SQFT: 1,753
– LOT: 12 acres!
– AGE: 2016
– ENERGY: Off-grid, solar and generator
– WATER & WASTE: Well, septic
– PROPERTY TAX: $3,377 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– If this is your new vacation home, it’s practically move in ready!
– Flippers might address outdated cosmetics or do a kitchen and bathroom refresh. But the location might not even warrant these updates to get good bang for your buck.
– Cleaning and some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Large 12-acre lot with plenty of space for outdoor use.
– 2016 build, mechanicals only 10 years old.
– Off-grid living with solar.
– Detached double garage for storage or work.
LISTING ID: 0526-MAG-F01
Please reply to this email to request an info package. (MPAC info, and more…)
Thank you,
Josea Dussard, Tobias King, Georgia Godfrey, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Email us today for your info package. Who wants to make money on this one?
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