Welcome to a money maker on 3.5 acres. This property’s potential is as vast as its land. Sure, it needs a little love – think of it as a makeover montage waiting to happen! With a touch of TLC, unleash its hidden charm and watch the profits roll in. Just a stone’s throw from the GTA, convenience meets opportunity. Whether you’re a seasoned pro or just dipping your toe in the flipping game, this is your chance to turn sweat equity into sweet profits. Time to make your mark and rake in the dough!
How can you profit?
1) Flip It: Buy for $799k, renovate, and sell for big bucks. Can you get $1.6M like the neighbour did on a mini lot?
2) Keep It: Your chance to enjoy life on 3.5 acres just a short commute from the city. Get away from the hustle bustle, relax and hear the birds! Realtors, we’ll pay you 2.5% to bring your cash clients. This property will require extensive renos before moving in, but an end user with some patience will benefit big time.
SUMMARY:
– LOCATION: Erin, ON (30 min west of Brampton, 30 min east of Guelph. Fifth Line & 32 Side Rd)
– PURCHASE PRICE: $799,900 Or Best Offer
– AFTER REPAIR VALUE: Most comps are in the $1.1M-$1.4 range. The most recent sale on the street sold for a whopping $1.6M on a much smaller lot.
– CLOSING: May 5- June 5, 2024 (Seller’s choice. This is an assignment sale.)
– TYPE: Raised Bungalow – Detached
– BEDS/BATHS: 2+1 Beds/1+1 Baths
– PARKING: Unlimited
– BASEMENT: Part Basement
– SQFT: 1162
– BIG LOT: 3.5+ Acres (1-1.5 Acres of cleared land. The rest is wetland/cedar trees)
– AGE: 1988
– WELL/SEPTIC
– PROPERTY TAX: $1493 in 2023
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Needs new roof & windows
– Possible mould in attic from leaky roof. Ceiling repair in bedroom where leak had impact.
– Cosmetic updates to kitchen, baths, flooring, paint, etc
– Currently on electric heat
– Shed needs tearing down
– Deck stairs need attention
– Rent an ozone machine to combat smell of cigarette smoke
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– The huge upside
– Proximity to the city
– Generous acreage
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.