First Come, First Served – Who wants this deal?
Here’s a 4 bedroom brick house on a corner lot, less than 20 minutes from both Kitchener and Cambridge. If you like lots of extra living space, finish the basement for a big rec room and build a separate garden suite on the property where the old garage is. Or, keep the in-laws at the main house in a beautiful basement suite and rebuild the old garage into a spiffy new one…maybe even a glorious man cave! Big ticket items like furnace, windows and roof all redone within last 5 years.
How can you profit?
1) Profitable & Easy Flip – It’s a 1987-built house. Give it a reno and sell in the high $700s. Just around the corner, a smaller house on a smaller lot sold for $775,000 in August.
2) Realtors, do you have a client who wants to move in now and update slowly to their liking? Just add your commission on top and get your clients a great discounted property!
ASSIGNMENT: We’re happy to assign this contract.
JOINT VENTURE: We are open to joint venture with someone who has a proven track record in renovations and construction. We can fund most of the project.
NEED A MORTGAGE?: We have a private lender who can move quickly and with good terms.
– LOCATION: Bright, ON (20 minutes from Kitchener and Cambridge)
– NEW REDUCED PRICE: $579,900 Or Best Offer
– AFTER REPAIR VALUE: Nearing $800k as a single family home…more if you add a second unit. House on same street just sold for $775k and another nearby sold for $800k (similar properties).
– CLOSING: November 3, 2021 with possibility to extend. JV or quick private financing with great terms available on this deal!
– TYPE: Detached Brick House (2 Storey)
– BEDS/BATHS: 4 Beds/2 Baths
– PARKING: 3 Spaces
– BASEMENT: Big & Unfinished with High Ceilings
– GARAGE: Large Detached (Great footprint for building a secondary suite on existing foundation!)
– SQFT: 1900 sq. ft.
– LOT: 132’x 132′
– AGE: 1987
– Soffit & fascia work.
– Some interior updates started but not completed (e.g. flooring)
– Landscaping/yard cleanup.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
PICTURES are here: https://www.housedealsgta.ca/property/wholesale-real-estate-bright-ontario/
– Potential to add a second suite on the property.
– Newer furnace, windows, and roof (all under 5 years old).
– Liveable as-is! If you move in, just renovate slowly over time.
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…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! Fully open!
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA