Who’s looking for a profitable property?
Short walk to the Grand River! And a BIG inground pool that a buyer family picture themselves enjoying when you list it in the spring. Cosmetic updates will turn this dated, ranch-style, raised bungalow into a knockout. The lot is a wide 62′ and some minor landscaping would give it great curb appeal like the neighbours. Join us for a walkthrough!
How can you profit?
1) Fix & Flip: Buy for $516k, renovate, and sell into the $700s. Most nearby properties that sold in that range were unrenovated. A nice reno could get you more, and the pool will help you sell at a premium too!
2) BRRRR: Add a small basement apartment and hold as a rental. There’s a split entry at the front door: stairs up to the main floor and down to the basement. Easy to block off into separate entrances.
SUMMARY:
– LOCATION: Caledonia, ON (30 minutes south of Hamilton, near the Grand River)
– PURCHASE PRICE: $516,400 Or Best Offer
– AFTER REPAIR VALUE: At least low $700s, more if you make it beautiful.
– CLOSING: February 21, 2023 (This is an assignment sale.)
– TYPE: Raised Bungalow, Detached (Ranch-Style)
– BEDS/BATHS: 3+1 Beds/1+1 Baths
– PARKING: 2 driveway spaces plus 1 car basement garage
– BASEMENT: 1 Bed/1 Bath. Could convert to small basement apartment. Basement garage could be turned into more living space.
– SQFT: 1201 sq. ft.
– LOT: 62′ x 105′ – great frontage!
– AGE: 1976
– PROPERTY TAX: $3882
RENOVATIONS NEEDED:
– A few windows need replacing.
– The roof is new but the eavestroughs need attention.
– Cosmetic updates are due…kitchen, baths, flooring, some drywall repair, airing out, etc.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Huge inground pool with brand new liner and cover.
– New roof last year.
– Updated 200 amp electrical.
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