How can you profit?
1) 2 Unit Conversion. There are lots of legal 2-units on this street and in the surrounding neighbourhood (per the city of Oshawa website). Add yours to the list! 3 bed uppers rent for $2500+ and 2-bed basements are in the $1800-$1900/month range. Worth over $800,000 if you make the basement legal.
2) Fix & Flip. Buy for $579,900, renovate, and sell in the high $700s as a single family home.
3) Garden Suite Potential? This has a huge backyard backing onto another street. Could this be turned into a 3 unit dwelling? The lot is over 125 feet deep.
SUMMARY:
– LOCATION: Oshawa, ON (Phillip Murray & Valley Dr)
– PURCHASE PRICE: $579,900 Or Best Offer
– AFTER REPAIR VALUE: $800k+ as a legal duplex. High $700s as a renovated single family.
– CLOSING: November 29, 2024 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: Long driveway fits 2-3 cars as is. Could be widened to fit 3-4 cars.
– BASEMENT: Spacious finished walkout. Consider converting to a 2-3 bedroom apartment.
– SQFT: 1056
– LOT: 40’ x 125’+ (irregular at back)
– AGE: 1964
– PROPERTY TAX: $3995 in 2024
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Roof, windows, and furnace were updated in last 10 years.
– Interior needs a full cosmetic update.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Multiple exit strategies to keep your options open.
– Great south Oshawa location close to lake and parks.
LISTING ID: 1024-OSH-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Dussard
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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