New OFF Market Deal!
223 Maplewood Ave, Hamilton, ON
223 Maplewood Ave, Hamilton, ON
💵 Price To Purchase: $570k
(wholesale fee included)
🛠️ Renovation Price: $120k
ARV: $850k
💸 Profit: $150k
🏡Investment Opportunity: Complete Renovation Duplex 🛠️
Unlock a Lucrative Investment Opportunity with this Student Rental Duplex!
Attention Investors! This property is a golden opportunity for those looking to dive into the student rental market. With an impressive after-renovation value of $850,000, and surrounded by comparables in the area, this is your chance to secure a high-yield investment.
📍Prime Location:
Not within a kilometer of the university, but don't let that fool you! Student rentals close to campus are overpriced and parents are caught in bidding wars. This property offers a more attractive price point, just steps away from a bus stop with direct access to the university. Convenience meets affordability!
🏘️ High Demand,
Low Supply:
With student rentals over 100% rented and scarce inventory, this duplex is a gem. The demand is skyrocketing, and you can capitalize on it. Parents are eager for affordable, accessible housing options for their children.
💰Maximize Your Returns:
Student rentals are a goldmine for generating income. Students typically move on after a year or two, allowing you to avoid long-term tenant issues and leverage annual rent increases to keep up with the market. This is the perfect strategy to maintain cash flow and circumvent the stringent Ontario landlord-tenant regulations.
🏅Perfect for Parents and Newcomers:
This property is ideal for parents who prefer their children to be away from the fraternities and hectic campus life. Properties closest to the university are the most expensive and often rented out years in advance by parents with significant buying power. This makes them almost impossible to secure. This duplex offers the best option for those seeking a lower price point or for newcomers to the country just getting started.
🔑 Additional Options:
While there is an appraisal for a one-bedroom basement unit with a lower value, the student rental option presents the highest return on investment. Don’t miss out on this incredible opportunity!
PROPERTY
6 Bedrooms - Bathrooms: 1.5 (Four-piece bath on the second floor, half bath on the first floor)
Includes basement, first floor, second floor, and third floor.
Alley beside the house, train tracks beside the alley, no neighbours on one side.
CONDITION AND RENOVATIONS
New furnace, new appliances, new toilets and vanities in bathrooms
Newer washer and dryer
New front door (custom-made, $1200)
Thirty-five-year shingles on the roof (fairly new, possibly still under warranty)
Electrical: 100 amp service with breaker board
Plumbing: Copper coming in, ABS going out (grey water)
Solid brick structure, original craftsmanship with real two-by-fours and Douglas fir woodwork
Needs cosmetic work (painting, carpet replacement)
Requires restoration rather than renovation
PROPERTY
6 Bedrooms - Bathrooms: 1.5 (Four-piece bath on the second floor, half bath on the first floor)
Includes basement, first floor, second floor, and third floor.
Alley beside the house, train tracks beside the alley, no neighbours on one side.
CONDITION AND RENOVATIONS
New furnace, new appliances, new toilets and vanities in bathrooms
Newer washer and dryer
New front door (custom-made, $1200)
Thirty-five-year shingles on the roof (fairly new, possibly still under warranty)
Electrical: 100 amp service with breaker board
Plumbing: Copper coming in, ABS going out (grey water)
Solid brick structure, original craftsmanship with real two-by-fours and Douglas fir woodwork
Needs cosmetic work (painting, carpet replacement)
Requires restoration rather than renovation
NEED FINANCING FOR YOUR DEALS? CALL OUR FINANCING PARTNER BELOW:
