$250k Spread On Wholesale Bungalow with Legal Basement Apartment Assigned

  • $849,900
  • 5 beds
  • 1+2 Baths baths
  • 1069 sqft

Who’s looking for a profitable property?

Enjoy your morning coffee or evening nightcap on the covered veranda in this pleasant neighborhood with mature trees. Or sneak away for some alone time in the heated custom garage (aka man cave!). The sliding door from the back bedroom leads to a back deck. Access the legal basement apartment with 2 extra bedrooms and 2 baths via separate side entrance.

How can you profit?
1) Buy for $849,900, make it beautiful, then sell for OVER $1.1M!
2) Buy, reno, rent and refinance out of the increased value. This is a legal 2-unit dwelling.
3) Great opportunity for a homeowner who wants to buy with equity and have a mortgage helper downstairs. Realtors – bring your clients! Just add your commission on top.

SUMMARY:
– LOCATION: Scarborough, ON (Brimley Rd. & Danforth Rd.)
– PURCHASE PRICE: $849,900 Or Best Offer
– AFTER REPAIR VALUE: Over $1.1 Million (Nearby houses with basement apartments that are NOT legal recently sold for $1.1M. Ask us for the comps!)
– CLOSING: October 7, 2021 (This is an assignment sale.)
– TYPE: Detached Brick Bungalow (with Legal Basement Apartment)
– BEDS/BATHS: 3+2 Beds/1+2 Baths
– PARKING: 6 driveway spaces, plus 2 spaces in detached full brick garage
– BASEMENT: Legal apartment with separate entrance (2 Beds/2 Baths)
– SQFT: 1069 sq. ft.
– LOT: 40′ x 125′
– AGE: 1954

RENOVATIONS NEEDED:
– House is dated and needs a facelift! Plan for updates to kitchens, bathrooms, flooring, etc.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.

GOOD NEWS:
– The big spread!
– Legal 2 bedroom basement apartment with sprinkler system.
– Most windows replaced recently.
– Lots of parking.

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. 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.
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

Price:
$849,900
Address:
Scarborough, ON
Square Feet:
1069
Lot Size:
40' x 125'
Bedrooms:
5
Bathrooms:
1+2 Baths
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1954
Basement:
Legal apartment with separate entrance (2 Beds/2 Baths)

Call (647) 557-5979 for more details