Cheapest house in the neighbourhood in years! Renovator’s dream. Vacant and ready to turn into a stunning show home (either as a flip or brand new build). Close to all amenities.
How can you profit?
1) Custom Build: build your dream home on the lot! Recent sales and listings of custom homes are in the $2.1M-$2.4M range. Drawings available for large 4000 sq ft, 4 bed/5 bath house with nanny suite. Committee of adjustments approval already obtained.
2) Fix & Flip: Buy for $869k, renovate, and sell in the $1.2M+ range.
SUMMARY:
– LOCATION: Scarborough, ON (Warden Ave & Lawrence Ave)
– PURCHASE PRICE: $869,900 Or Best Offer. Nothing detached has sold in the neighbourhood under $900k in years.
– AFTER REPAIR VALUE: Around $1.2M
– NEW BUILD VALUE: $2.1M-$2.4M
– CLOSING: September 10, 2024 (Sooner the better! But some flexibility possible. This is an assignment sale.)
– TYPE: 1.5 Storey Detached
– BEDS/BATHS: 3+2 Beds/0.5+1 Baths
– PARKING: 2-3 Driveway Spaces Plus Detached Garage in Rear
– BASEMENT: Unfinished
– SQFT: 968
– LOT: 40’ x 129’
– AGE: 1953
– PROPERTY TAX: $3724 in 2023
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic renovations throughout. This house is dated.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Big discount!
– Huge potential for profit on flip or new build.
– Windows and roof replaced 2022.
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
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.