Who’s looking for a profitable property?
This house is located on a sought-after, mature, and quiet court in Burlington. It’s on a wide corner lot, minutes away from the Lakeshore and QEW. Conveniently located near the lake and schools, plus there are many parks nearby to explore! Even though this 3+1 bedroom side split is move-in ready, there is tons of potential to make it your own.
GTA house prices increased slightly in August. We expect the market to improve in the fall as it usually does. Don’t miss your opportunity to buy the dip!
How can you profit?
1) Fix & Flip: buy for $829,900, renovate, and sell for $1.1M++. If you’re a flipper looking for safer bets in this market, here’s your chance at a big margin deal.
2) Move In: realtors, add something healthy on top for yourself and get your clients a deeply discounted deal they can renovate slowly over time. Current market value on this property (as-is) is close to $1M.
– LOCATION: Burlington, ON (New St & Pinedale Ave)
– PURCHASE PRICE: $829,900 Or Best Offer
– AFTER REPAIR VALUE: Around $1.1M, possibly closer to $1.2M based on this summer’s comparables
-CLOSING: October 4, 2022 (May be flexible with seller’s approval. This is an assignment sale.)
– TYPE: Detached 3-Level Side Split. 2 entrances.
– BEDS/BATHS: 3+1 Beds/1 Bath
– PARKING: 4-6 Spaces
– BASEMENT: Finished
– WIDE LOT : 68′ x 109′ approximately
– AGE: 1965
— PROPERTY TAX: $3976/year
– Cosmetic updates to kitchen, bath, flooring, paint, etc.
– Windows are 15 years old.
– Consider paving the driveway and doing some landscaping.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
– The BIG spread
– New roof 2018
– Lots of parking
– Big lot
– 2 sheds
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, Video, MPAC info, and more…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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