Who’s looking for a profitable property?
This 4 bedroom, 3 bath detached house is only 5 years old! It’s a big house close to Hwy 401 and Hwy 115. Recent build means big ticket items all have lots of life left, so this house won’t require any significant capital for quite some time. It’s first come, first served.
Realtors, do you have any buyers that want to buy at a discount? Just add something on top. Your clients will thank you for avoiding the madness of MLS bidding wars.
How can you profit?
1) Move In: enjoy a major discount on your new family home.
2) Fix & Flip: incentivize the tenants to move, update minimally, and sell for $900k+.
3) Buy & Hold: trade some renos for a rent increase, sit back, and watch this asset appreciate over the next few years.
SUMMARY:
– LOCATION: Newcastle, ON (1 hour east of Toronto)
– NEW PURCHASE PRICE: $774,900 Or Best Offer ($25k REDUCTION!)
– AFTER REPAIR VALUE: Compare with recent sales of upgraded properties in $950k-$975k range. Still $900k+ if you keep the renos light.
– CLOSING: Flexible (This is an assignment sale.)
– TYPE: 2 Storey Detached House
– BEDS/BATHS: 4 Bed/3 Bath
– PARKING: 4 spaces plus attached 1 car garage
– BASEMENT: Unfinished
– SQFT: 2034 sq. ft.
– LOT: 33′ x 107′ (approx)
– AGE: 2016 (only 5 years old!)
– TENANTS: Long term lease currently in effect until 2025. Rents $1900/month plus utilities. Vacant possession will not be given (buyer to assume tenant). You’ll need to move in…or get creative to incentivize the current tenants to leave early.
RENOVATIONS NEEDED:
– Freshen ‘er up with a new coat of paint, and you’re good to go!
– If you want top dollar: upgrade builder grade countertops and bathrooms, swap upstairs carpet to hard floors and finish the basement.
– Refinish stairs.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Move in ready.
– It’s only 5 years old…you have lots of time before anything major needs attention.
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
PS. ATTENTION WHOLESALERS & INVESTORS: Did you know that we’ll buy deals from you or wholesale deals on your behalf? We split profits 60-40 with you. You get 60%.
We also pay $2,021 for all successful leads. Just give us the address and we’ll do the rest. Press here for details about our referral fee.
If you have a lead or a contract, then please push here to contact us and chat with Michael or JJ. Whether it’s a 60-40 split or $2,021, we want to pay you!
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.
Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! Fully open!
DISCOUNT:
Get $1000 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA