Four Exclusive Off-Market Opportunities
This week we have 4 AWESOME off-market opportunities to share with you. There is something for everyone in here. Take a look below!
1. 116 Ferncliff Crescent SW
$399,900 Detached suited conversion opportunity in fairview.
This 3 bed up, 1 bed down (illegal suite) investment property is an excellent candidate for the investor looking to take advantage of the amnesty period suite legalization criteria and add value and cash flow with their next investment property.
Located minutes to the heritage C-train station and chinook mall this property is well located for consistent occupancy.
80k down, 15k renovations and an estimated cash flow return of $580 / month and a five year return of over $121,000.
2. 7521 35th avenue SW.
$285,000. Hot off the press!
This exclusive off-market brokerage offering is perfect for any investors that prefer the opportunity to completely renovate their properties to set them up for long term cash flow. This deal would also work for flippers!
Nearly original condition, this illegally suited bowness half duplex needs a total makeover, but it has excellent bones and the suite can be legalized under the new rules!
This property comes pre-inspected so you know what you're getting. concrete driveways front and rear plus a single detached garage. 3 bedrooms up, 1 bedroom down.
Buy at a discount and use this clean-slate opportunity to remodel the property to your tastes. Contact for video & to arrange your private viewing. Won't last!
3. 7613 37th Avenue SW.
$335,000. Exclusive Off-Market incredible Bang for Buck investment opportunity.
This illegally suited bowness half duplex is just a few thousand dollars away from being a cash cow!
$335,000 for 3 bedrooms up, 2 bedrooms down and a recent contractor quote for just $6,000 to legalize the suite according to the new rules. In May, there was a sale for a similar, legal suited property in bowness that sold for $395,000 so an excellent opportunity for the shrewd renovator / investor!
The upper level has been run as a successful Air BnB operation for years and can generate over $2000 a month, while the lower suite would rent quite easily for $1150 a month.
Just about the easiest path to cash flow and the easiest value-add opportunity we've seen in a long time and it will not last.
Perfect for any investor building a portfolio or for a new investor looking for a low risk opportunity that is almost guaranteed to make money. Contact quickly to view!
4. 93 Somerside Manor SW
Agreement for sale + a LEGAL secondary suite,
$35k down & payments of $1750 / month gets you into this legally suited 4 level split in somerset with income potential up to $2900 / month!
3 bedrooms up, 2 bedrooms down, separate laundry + 2x detached garage and 3 car parking.
Wow! Market rents are approximately $2900 / month. Seller is seeking July 2021 closing.
Ideal for an investor eager to pick up a great property with low cash down and excellent income potential.
Would you like to know more about any of these opportunities? Let me know.
I don't expect them to last long at this time of year.
I hope you are having a great day - and as always happy investing!
KARLA LINARES, Realtor®
Redline Real Estate