Who’s looking for a profitable property?
This bigger bungalow on big lot already has separate entrances, lots of parking, and a 2 bedroom in-law suite in the basement. Contact us asap if you’re interested…we’ll be showing this one quickly!
How can you profit?
1) Flip It! Buy for $499,900, make it lovely, and sell for high $600s to low $700s.
2) Buy, renovate, rent, and refinance. If you want to convert the house into a legal duplex, you would need to apply to amend the zoning by-law and possibly the Official Plan as well.
3) House hack. It’s a great opportunity for a homeowner who wants a mortgage helper.
SUMMARY:
– LOCATION: Peterborough, ON (Towerhill Rd. & Chemong Rd.)
– PURCHASE PRICE: $499,900 Or Best Offer
– AFTER REPAIR VALUE: High $600s, maybe over $700k
– CLOSING: September 30, 2021 with earlier close possible (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+2 Beds/2+1 Baths
– PARKING: 4-6 spaces plus 2 car garage
– BASEMENT: Separate entrance with 2 bedrooms, kitchen and bathroom
– SQFT: 1192 sq. ft.
– LOT: 133′ x 110′
– AGE: 1973
– WELL/SEPTIC
– INGROUND POOL
RENOVATIONS NEEDED:
– House is outdated and needs updates to kitchens, bathrooms, flooring, etc.
– Needs new roof.
– Windows are 25 years old.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Furnace replaced 10 years ago
– Some new reno material being left by seller (for bathroom, new vanity, etc.)
– Pool can be revived with a new liner, or filled in if you prefer.
– Multiple profitable exit strategies
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. Do you want to get notified of these deals before everyone else? PUSH HERE to get notified about these deals as soon as they become available.
Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee. Also, they can fund in 24 hours.
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 $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA