Oshawa Detached House in the $300s – Your Next Flip Project is Here 🤑 Assigned

Oshawa Detached House in the $300s – Your Next Flip Project is Here 🤑

 

***Court St & Banting Ave*** Oshawa, ON

 

Wholesale Price: $367,000 (Assignment Fee Included)

 

Photos/Videos: https://drive.google.com/drive/folders/1ShnxjFqax4EnRxQbzRo8VYlN6IkYcVzv?usp=sharing

 

FULL BUYER’S PACKAGE: https://conta.cc/457oXP3

 

Profitable Property is excited to present this super discounted property in Oshawa. You’d be hard pressed to find another Fully Detached 2 Storey House in the GTA at this price point!

 

Located in a quiet street in Central Oshawa, this property is within walking distance to the upcoming Central Oshawa GO Station. It is just a few minutes away from Hwy 401, making it a highly desirable location for investors looking to buy up properties with future potential.

 

This property needs a full renovation to get it to today’s standards. Along with all the cosmetic renovations, the mechanicals, the roof and windows etc would need to be done. Thanks to its high ceilings and a great layout, there is a lot of potential in this place. This is a great opportunity to force appreciation into an entry level property. Thanks to its super cheap price point, this property could be sold at an entry level price point even after all renovations. This property is ready to be renovated by a prudent Investor looking to turn it into its highest and best use. 

 

Flip / Buy and Hold / BRRRR / Reno it to the 9s and turn it into your Primary Residence – choose your pick with this one and you can’t go wrong at this price point.There is a lot of meat on the bone for any investor looking to add value into the property regardless of their strategy. Now that’s what we call a Profitable Property!

 

 

 

Property Highlights:

 

• ***Court St & Banting Ave*** Oshawa, ON
• 2 Storey Detached House
• 3 Bedrooms
• 2 Full Washrooms
• 22.89 ft. x 78.5 ft lot
• Private Driveway
• High ceilings in Main Floor and Second Floor
• Laundry in Basement
• Rear Porch near Kitchen
• Fuse Box Electrical
• Zoning: R3-A/R5-B/R7-A
• Year Built: 1900
• Gas Furnace & HWT(Owned)
• Taxes: $2,353.31/year(approx)
• Vacant Possession 

Suggested Renos: 

 

Full Renovation, Roof, HVAC, Junk Removal, Landscaping

 

Comparables: 

 

1. 235 Clarke St sold for $730,000 on July 10th, 2023 

https://housesigma.com/web/en/house/bEDRYaG2lR571VaB/235-Clarke-St-Oshawa-L1H5G2-E6640716

 

This property was extensively renovated – we would use this as our model finishes! This property does include a garage but is of a similar overall footprint as our property. It sold for $730k earlier this month- that’s almost double the price of our property!

 

2)  234 Mitchell Ave sold for $650,000 on June 18th, 2023

 

https://housesigma.com/web/en/house/gAaOyLK1zJzYGxMb/234-Mitchell-Ave-Oshawa-L1H2V6-E6135712

 

This property was also renovated with modern fixtures. It sits on a slightly larger lot but has one less bedroom than our property and does not feature a garage. It sold for $650k last month – that’s $283k over our price point!

 

3) 83 Banting Ave sold for $518,000 on July 18th, 2023

 

https://housesigma.com/web/en/house/B5bO3xxdVE63kWVP/83-Banting-Ave-Oshawa-L1H2M1-E6085316

 

This property is on the same street as our property and is much smaller than ours. It’s a tiny bungalow on a smaller lot with only 1 bedroom and 1 Washroom. It has dated finishes throughout and still sold for $150k over our price!

 

Closing: September 1st, 2023 (Quicker Closing Available)

 

Map Link: https://goo.gl/maps/PxPQENu3xjnKToBDA