1) Flip it! Buy for $599k, finish the renos-in-progress, and sell around $800k.
2) Duplex Conversion. Finish building second unit in basement for a strong BRRRR. Has separate entrance, bathroom and a kitchen under renos. Plenty of nicely renovated legal 2-units have been selling for over $850k in Oshawa recently. We understand this may be valued a bit lower because its on a busy street.
3) What’s the highest and best use? 195’ Deep Lot! Is there an opportunity for more units in the future. This property is nestled between other small multi-units and zoning allows for increased density. What if you also bought a neighbour’s lot?
Unlock untapped profit potential with this prime opportunity. Significant renovations are already completed, setting the stage for an easier project and higher profits. Act now and turn this property into your next profitable venture! Furnace, windows, A/C, electrical, kitchen, appliances, drywall, flooring, and basement bathroom are already brand new.
SUMMARY:
– LOCATION: Oshawa, ON (Bloor St & 401)
– PURCHASE PRICE: $599,900 – We already have videos and a home inspection report.
– AFTER REPAIR VALUE: Around $800k as a 2-unit (It’s hard to buy a renovated 2-unit under $850k recently.)
– CLOSING: June 12, 2024 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 Beds/1+1 Baths
– PARKING: 3 car driveway with carport
– BASEMENT: Finished with separate entrance, full bathroom, and kitchen-in-process.
– SQFT: 1289
– DEEP LOT: 39’ x 195’ – irregular and narrower at back.
– AGE: 1978 (Way better than houses from the 1950s and earlier!)
– PROPERTY TAX: $3,592/year
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Some junk and furniture removal.
– House is midway through extensive renovations. Yours to complete! Lots done already…has brand new furnace, windows, A/C, electrical, kitchen, appliances, drywall, flooring, basement bathroom, etc. Half the roof recently replaced as well.
– Inground pool in backyard needs extensive work or filling in.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Great location and deep lot for adding more units in the future.
– Duplex potential.
– Lots of renos already completed.
– Furnace, windows, A/C, electrical, kitchen, appliances, drywall, flooring, and basement bathroom are already brand new.
Please reply to this email to request an info package. (Videos, Inspection Report, Comparable sales, and more…)
Thank you,
Josea Paul, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors