Who’s looking for a vacant legal duplex?
How can you profit?
1) BRRRR:Buy for $349k, renovate, rent, and refinance in the high $500s/low $600s!
2) Flip: renovate and sell in the high $500s, potentially low $600s
3) Live in one unit and rent the other.Great for a newer investor trying to enter the market.
SUMMARY:
– LOCATION: Singhampton, ON (Clearview/Simcoe County. 20 min south of Collingwood. 45 min west of Barrie)
– PURCHASE PRICE: $349,900 Or Best Offer (Big discount off market! A single family home in similar condition, needing full renos, sold for $440k down the street!)
– AFTER REPAIR VALUE: High 500s at least
– CLOSING: November 9, 2023 (This is an assignment sale.)
– TYPE: Legal Duplex (2 Semi Detached Units Under One Ownership)
– UNIT 1: 3 Bed/2 bath (1.5 Storeys)
– UNIT 2: 2 bed/1 bath (1 Storey)
– PARKING: 2 Car Detached Garage Plus 2+ Drive Spaces
– BASEMENT: Dugout
– SQFT: 2545
– LOT: 68′ x 198′ (approx)
– AGE: 1950
– PROPERTY TAX: $2400/year
– WELL/SEPTIC recently tested/maintained.
RENOVATIONS NEEDED:
– Needs some windows & doors (some have already been replaced)
– Oil furnace is disconnected. Currently heated by wood stove and electric heating.
– Cosmetic updates to kitchens, baths, flooring, paint
– Some appliances
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Newer roof
– Legal 2 units! Separate hydro meters and hot water tanks.
– Not too far from Collingwood and Barrie for commuters/contractors
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…)
Thank you,
Josea Paul, Myra Afidchao, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.