Within 5 minutes of grocery, restaurants, highway and Starbucks (that’s always a good sign!), Nipissing University, Canadore College, General Hospital and Jack Garland Airport. Easy access location for tenants or buyers who are employed at or attend these institutions.
How can you profit?
1) Fix & Flip: Buy for $169k, renovate, and sell in the mid $300s.
2) Student Rental: Add a couple bedrooms to the basement and rent all 5 bedrooms to students for $700-$900/month. Visit places4students.com to browse similar student rental spaces.
3) Single Family Rental: Rent for $2300-$2800/month plus utilities.
SUMMARY:
– LOCATION: North Bay, ON (O’Brien St. & Hwy 11)
– PURCHASE PRICE: $169,900 Or Best Offer
– AFTER REPAIR VALUE: Mid $300s
– CLOSING: November 30, 2023 (This is an assignment sale.)
– TYPE: 1.25 Storey Detached
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: 1 Garage Spot, 3 Driveway Spots
– BASEMENT: Unfinished. Previously had a second bathroom but it’s been gutted. Add it back!
– SQFT: 937
– LOT: 40’ x 100’
– AGE: 1953
– PROPERTY TAX: $2600/year approx
RENOVATIONS NEEDED:
-Couple cracked blocks in foundation causing leaky basement. Seems like a quick & easy fix. You can likely fix the leak by parging the exterior cracks and re- grading away from the foundation. Maybe put some patio stones along that wall and slope them away from the house.
– Cosmetic updates to kitchen, bath, flooring, paint.
– Needs roof and windows.
– Garage/hobby shop needs attention.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– It’s cheap!
– Proximity to significant institutions makes it accessible for buyers or tenants.
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, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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