ATTENTION INVESTORS - Profitable Flip or Airbnb - Walk to the Beach!

aaronmoore

Frequent Forum Member
REIN Member
Who's looking for a profitable property? How about a quick flip in the spring market? Or rent it out for vacation rentals or long term rentals. Where else can you find a detached house for $306,000 so close to Toronto?

SUMMARY:
- LOCATION: Keswick in Georgina, York Region (If you think Keswick is far, then take a closer look. If you're in York region or east Toronto, then its a 30-something minute drive from the DVP or 404.)
- PURCHASE PRICE: $306,000
- AFTER REPAIR VALUE: $400s ($400 - $440k with nice renos)
- CLOSING: Feb. 28
- TYPE: Detached
- BEDS/BATHS: 3 Bed/1 Bath
- SQFT: 912 sqft
- LOT: 48' x 165'
- AGE: 1947

RENOVATIONS NEEDED:
-flooring, paint
-kitchen and bathroom (They could be cleaned and touched up if you want a quick reno, but they need to be done if you want a high re-sale price.)
-Urine! Flooring must go. Some urine-filled subfloor will probably need to be replaced... which is easy... you're just replacing sheets of plywood.
-please take a look at the pictures for more ideas.

GOOD NEWS:
-The tenants are moving out! Vacant possession will be given by closing.
-New roof in 2018
-Gas furnace and ducts
-Keswick is an in demand area and you're walking distance to beaches on Lake Simcoe.

Lots of pictures are here: https://www.housedealsgta.ca/property/fixer-upper-homes-in-keswick-ontario/
 
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