|***York St & Carlton St, St.Catharines**
Looking for a flip project where you could potentially just fund the deal using a line of credit? Look no further as Profitable Property is excited to present this project to you at an entry level price of $297k!
Located close to downtown, and with easy access to the QEW, this bungalow would position itself as a perfect entry level house once renovated.
The house is currently gutted and is ready to go for an investor looking to bring the property to its highest and best use. Thanks to its size, an investor can come in and renovate the house in a shorter period of time, and with a smaller renovation budget.
Entry level properties are always in high demand, and thanks to this property’s discounted price point, an investor should be able to renovate and resell this house at an entry level price point, while maintaining profitability.
For investors looking to buy and hold for the long term, please note that this property has R3 zoning – opening the doors for various development opportunities in the future. For investors looking to do a short/medium term rental, this house could be a cash cow! Once renovated and furnished, you would be able to rent this out at a very competitive price point and still be profitable. Add this Profitable Property to your portfolio today!
Please be advised that the City of St.Catharines received a complaint in 2013 about this property being used as a grow op. This issue was resolved with the city around the same time period.
CLOSING: June 30th, 2023