Oshawa real estate opportunities: Who’s looking for a profitable property?
Some closing hiccups means this one is for the taking again! You may recognize this deal from earlier this summer.
Hereās your chance to pick up a heavily discounted detached bungalow in a nice North Oshawa location. With a fully separate in-law suite already in place, this 3+2 bed property is begging to be legalized as a duplex or brought back to life as a family home. Comps show nice renos selling in the high $800Ksāand you can scoop this one up for just $559K or less.
The house sits on a generous 59ā x 112ā corner lot in the older, quieter part of townāsurrounded by mature homes and family-friendly streets. Youāve got 1,132 sqft above grade, plus a finished basement with its own entrance and kitchen setup. While the interior currently shows poorly due to clutter and strong pet odours, this is a classic case of ābuy the worst house on a good streetā with all the ingredients for a lucrative flip or conversion.
Key mechanicals are in decent shape (roof only 2 years old, newer A/C, hot water tank and pool liner), so your budget can go toward making this one shine. Whether youāre a flipper, BRRRR investor, or contractor looking for a project with proven upsideāthis is a textbook value-add play. Bonusā¦inground pool!
How can you profit?
1) Flip: Buy for $559k or less, clean it out, renovate, and resell in the mid to high $800s as a modernized family home.
2) Duplex Conversion: Legalize the separate basement unit and refinance at ARV.
SUMMARY:
– LOCATION: Oshawa, ON (Rossland Rd E & Ritson Rd N)
– PURCHASE PRICE: Our APS is at $550k. Make Us An Offer! Must Sell Fast!
– AFTER REPAIR VALUE: Most comps are in the $860k-$880k range. We can also show you a beautiful reno that sold for a whopping $920k recently!
– CLOSING: ASAP (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+2 beds/1+1 bath
– PARKING: 4-6 Driveway Spots
– BASEMENT: Finished 2 bedroom in-law suite (separate unit, not legal)
– SQFT: 1,132
– LOT: 59ā x 112ā
– AGE: 1973
– PROPERTY TAX: $5,011 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– This property is extremely soiled. Full cosmetic reno including kitchens, bathrooms, flooring, paint, and fixtures
– Potential subfloor or structural repairs due to damage from animal waste.
– Junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Large spread: Buy at $559K, ARV ~$860K+
– Already has separate basement suiteāeasy duplex conversion
– Located in a desirable older North Oshawa neighbourhood
– Roof is only 2 years old with 25-year shingles
LISTING ID: 0525-OSH-F02
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and moreā¦)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard
647-557-5979
www.HouseDealsGTA.ca ā Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these Oshawa real estate opportunities discounted deals as soon as they are available.
PS. Email us today for your info package. Who wants to make money on this one?