Who’s looking for a profitable property?
Here’s a steal of a deal: Over $250k spread on a beautiful property that doesn’t need much! Big ticket items are all well within their useful life. Plus, it has a bonus suite in the basement…separate entrance to a one-bedroom suite with own kitchen and laundry. This home is in a prime location near parks, trails, schools, and all the big box stores, mere minutes from the 401 and 407.
How can you profit?
1) Buy for $1.25 Million, put a few bucks in, and sell for well over $1.5 Million if you make it beautiful.
2) Move in now and save any updates for down the road. Realtors – this is a superb find for your clients. Add a generous commission on top for yourself and still shock them with the savings!
SUMMARY:
– LOCATION: Mississauga, ON (Derry Rd. & Ninth Line)
– PURCHASE PRICE: $1.25 Million Or Best Offer
– AFTER REPAIR VALUE: $1.5M+++. Similar properties have sold in this range over the past few months. We wouldn’t be shocked if this sold for over $1.6M in the spring.
– CLOSING: January 12, 2022 (Might be able to extend closing a bit. This is an assignment sale.)
– TYPE: Detached House
– BEDS/BATHS: 3+1 Beds/3+1 Baths (Can easily be 4+1 Beds by converting the 2nd floor family room.)
– PARKING: Lots! 2 Garage Spaces + 6 Driveway Spaces
– BASEMENT: Separate Entrance to In-Law Suite with Kitchen & Laundry (Not Legal)
– SQFT: 2000-2500 sq. ft.
– LOT: 46′ x 118′
– AGE: 1996 (on the newer side)
– PROPERTY TAX: $5155/year
RENOVATIONS NEEDED:
– A fresh coat of paint might be all you do to the main unit. The basement is ok as-is, but could use some freshening up to get top dollar.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– The huge spread!
– Second suite. Great mortgage helper for a family looking to stretch their budget.
– Additional second floor family room.
– New furnace 2020 (rental). Will be bought out by sellers before closing.
– New roof and windows 2012.
– New kitchen 2017.
– Two sets of laundry.
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,
Aaron Moore, Tomomi Wang & Josea Paul
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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