Throw this $199k property on your line of credit! Walking distance to Ottawa River which runs behind. Halfway between Ottawa and Montreal, near Hawksbury.
How can you profit?
1) Easy Flip: cosmetic renovations will double the value of this property. Buy for $199k, renovate, and sell around $400k.
2) Duplex Conversion: consider converting 2nd floor to a 2nd unit. (Buyer to do own due diligence)
3) Move In: Realtors, bring your client and make $10k. They can move in now and renovate slowly over time.
SUMMARY:
- LOCATION: L’Orignal, ON (Halfway between Ottawa & Montreal, near Hawkesbury. King St & John St)
- PURCHASE PRICE: $209,900 Or Best Offer (Includes $10k Co-Op for Realtors)
- DICOUNTED DIRECT BUYER PRICE: $199,900
- AFTER REPAIR VALUE: Around $400k
- CLOSING: March 27, 2024 (This is an assignment sale.)
- TYPE: 2 Storey Detached
- BEDS/BATHS: 3 Beds (one on main floor, two upstairs). 2.5 Baths (half bath on main floor, 2 full upstairs)
- PARKING: 6 Spaces
- BASEMENT: Crawl Space
- SQFT: 1755
- LOT: 57’ x 134’
- AGE: 1910
- PROPERTY TAX: $1632.13 (2023)
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Rent ready! Or cosmetic updates if you’re flipping (kitchen, baths, some flooring, paint)
- Some junk and furniture removal.
- Please view the pictures for ideas on what you'd like to renovate.
GOOD NEWS:
- The cheap cheap price and big big spread!
MORE PICTURES and our contact info are here: https://www.housedealsgta.ca/property/wholesale-real-estate-l'orignal-ontario