Throw this $199k property on your line of credit! Walking distance to Ottawa River which runs behind. Halfway between Ottawa and Montreal, near Hawksbury.
How can you profit?
1) Easy Flip: cosmetic renovations will double the value of this property. Buy for $199k, renovate, and sell around $400k.
2) Duplex Conversion: consider converting 2nd floor to a 2nd unit. (Buyer to do own due diligence)
3) Move In: Realtors, bring your client and make $10k. They can move in now and renovate slowly over time.
SUMMARY:
– LOCATION: L’Orignal, ON (Halfway between Ottawa & Montreal, near Hawkesbury. King St & John St)
– PURCHASE PRICE: $209,900 Or Best Offer (Includes $10k Co-Op for Realtors)
– DICOUNTED DIRECT BUYER PRICE: $199,900
– AFTER REPAIR VALUE: Around $400k
– CLOSING: March 27, 2024 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 Beds (one on main floor, two upstairs). 2.5 Baths (half bath on main floor, 2 full upstairs)
– PARKING: 6 Spaces
– BASEMENT: Crawl Space
– SQFT: 1755
– LOT: 57’ x 134’
– AGE: 1910
– PROPERTY TAX: $1632.13 (2023)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Rent ready! Or cosmetic updates if you’re flipping (kitchen, baths, some flooring, paint)
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– The cheap cheap price and big big spread!
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, 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.