Off-Market North-End Cornwall Property: All brick triplex in AAA neighbourhood with 2 vacant units.

Asking: $430,000
As-is Value: $480k – $500k
After Repair Value: $575k++
ARV Rental Income: $4,500+/mo ($2,100 upper, $1,200 x 2 lower)

The upper level is 1100 sqft with 3 beds & 1 bath. Excellent layout, nicely renovated; most work is complete however needs cosmetic finishes. Kitchen cupboards are already paid for and will be installed by the owner prior to close. This unit is flooded with natural sunlight from large windows. There’s a bonus sunroom that walks out to the back deck. Laundry connection in-unit.

The lower level has 2 single-bedroom units with 1 bath each and shared laundry. One of the units is vacant, and the other is currently rented month-to-month however the tenant has not paid rent for some time and needs to be dealt with.

The buyer of this property will have to finish repairs/outstanding work orders to convert the building into a legal triplex.

BUYER STRATEGIES:
#1. Fix & Flip
#2. Buy, Fix, Hold: collect $4,500+ in rental income
#3. Fix & Stay: live in 1 unit and have the rental income pay your carrying costs

**Check out the Property Video below for the best understanding of this property**