Turnkey Income Property at a Big Discount

aaronmoore

Frequent Forum Member
REIN Member
Here's a detached house you can buy at a big discount and you get good tenants paying $1890 per month.

How can you profit?
1) Enjoy your built-in equity and continue renting it.
2) Flip it. There's enough spread to profit by flipping.

SUMMARY:
- LOCATION: Oshawa (Ritson Rd S & Olive)
- PURCHASE PRICE: $399,900 Or Best Offer
- AFTER REPAIR VALUE: mid $500,000s. Probably worth over $500k in as-is condition.
- CLOSING: March 24 (Assignment Sale)
- TYPE: Detached, 1.5 Storey
- BEDS/BATHS: 3+1 Bed/1.5 Bath
- PARKING: 3-4 spots, Detached 1 car garage, 2-3 spots on driveway
- BASEMENT: Finished
- SQFT: 1191 sqft
- LOT: 33' x 100'
- AGE: 1929
- PROPERTY TAX: $2912.01
- RENT: $1890 + utilities

RENOVATIONS NEEDED: You shouldn't need to do anything if you keep the current tenant.

GOOD NEWS:
- Tenants have been there since 2019. Currently paying month to month. So if you'd like to move in, their 12 month lease has expired.
- Nice backyard with deck and gardens with perennials.
- Make money when you buy!

PICTURES are here: https://www.housedealsgta.ca/property/income-property-for-sale-oshawa/
 
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