Great Opportunity to Flip OR Rent!
How can you profit?
1) Buy for $199k, renovate, then sell for close to $300,000.
2) Buy, renovate, rent, refinance and pull out some of your money.
– LOCATION: 1100 Oxford St, Oshawa
– PURCHASE PRICE: $199,000
– AFTER REPAIR VALUE: $280-$300k
– RENT: Similar townhouses are renting for $1600-$1700
– CLOSING: Fast! Next week. (Depends when we get the status certificate)
– TYPE: condo townhouse. 2 storey + basement
– BEDS/BATHS: 3 bed/1 bath
– SQFT: 1024
– PROPERTY TAX: $1596.86
– CONDO FEE: $636 (Includes heat and hydro)
– AGE: 1975 built
-some new windows
-some drywall repair
-Complex has aluminum wiring. Expect to need an electrician letter to confirm things are safe and the electrician may need to pigtail plugs and switches.
-Please take a look at the pictures and videos to decide what you want to renovate.
-you can choose to keep some of the finishings. The kitchen cupboards look good.
This house has been assigned. But let us know if you’re looking for wholesale properties in Oshawa.
Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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