Who’s looking for a profitable property?
How can you profit?
1) BRRRR: renovate the main floor and legalize the basement apartment to maximize your refi. Some renos were started on the basement recently, and it looks nice already. There’s a great recent $1M comp on a duplex nearby to show your appraiser!
2) Fix & Flip: buy for $627,800, renovate, and list in time for the spring market! Sell for around $800k as a single family home. Good opportunity for a live-in flip as well.
SUMMARY:
– LOCATION: Oshawa, ON (Harmony & King)
– PURCHASE PRICE: $627,800 Or Best Offer
– AFTER REPAIR VALUE: Around $800k with nice renos. If you’re doing a conversion, a nicely renovated LEGAL 2-unit nearby sold for almost $1M this fall.
– CLOSING: January 10, 2023 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+1 Beds/1+1.5 Bath
– PARKING: Detached 2 car garage plus 3 tandem parking spaces on private driveway.
– BASEMENT: Separate entrance to second suite (not legal yet…yours to explore!). Currently 1 bed/1.5 baths.
– SQFT: 1027 sq. ft.
– LOT: 52′ x 150′ (great frontage)
– AGE: 1959
– PROPERTY TAX: $4,242
RENOVATIONS NEEDED:
– Main floor is dated and needs new kitchen, bath, etc. to bring it into 2023.
– Some updates already done to basement apartment, but it needs finishing and appliances.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Basement has a separate entrance, good ceiling height, and a nice setup for a basement apartment.
– New furnace.
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.