Wholesale Townhouse: Nice Single Family or Student Rental

aaronmoore

Frequent Forum Member
REIN Member
What can you do with this discounted townhouse?
1) This can be an easy to manage single family rental.
2) Student rental - currently has 7 bedrooms. Owner is living there and rents rooms. Some rooms have been "hacked" into bedrooms.
3) Single Family Home - The house is in good condition and you can take down a couple walls to reduce the "student bedrooms". You won't find a house like this for $344,000 on MLS. This is a deal!

SUMMARY:
- LOCATION: 1133 Ritson Rd, Oshawa
- PURCHASE PRICE: #344,000 Or Best Offer
- AFTER REPAIR VALUE: $390,000+ (Complex has a sale for $430,000 too.)
- CLOSING: August 04, 2020 (This is an assignment sale.)
- TYPE: 2-storey condo townhouse
- BEDS/BATHS: 3 + 2 Bed/1.5 Bath
- PARKING: 2 parking spots. 1 spot on the driveway + 1 garage.
- SQFT: 1188 sqft
- AGE: 1986 built
- PROPERTY TAX: $2700 approx
- CONDO FEES: $301.18
- RENT: Approx $1900 as single family, more for students.

PICTURES and more details are here: https://www.housedealsgta.ca/property/townhouses-for-sale-oshawa-ontario/
 
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