629 Gibb St

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SOLD!

$700,000

Certified two-unit house!

A rare opportunity perfect for the savvy BRRRR investor. The tedious work of creating a certified two-unit house has been completed. Update the main floor, rent for positive cashflow then refinance and find the next!

Main Floor – 3 Bed 2 Bath, ensuite laundry – $2,475 + utilities (Projected)
Lower Floor – 2.5 Bed 1 Bath, ensuite laundry – $1,600 + utilities (Jan 31/22)

All materials, documents, and other information, made available at any time in connection with the sale of 629 Gibb St, Oshawa, are made available as an accommodation, and without representation or warranty of any kind, whether express, implied or statutory, as to the accuracy and completeness of such materials, documents, and other information. Each prospective buyer expressly agrees that any reliance upon or conclusions drawn therefrom shall be at such party’s own risk to the maximum extent permitted by law and shall not give rise to any liability of or against the other party. Each prospective buyer hereby waives and releases any claims arising under any agreement, common law or any statute arising out of any materials, documents or information provided to such party.

Potential

$4,075

monthly income

$43,760

NOI

5.83%

Cap Rate

$13,830

cash flow

Potential Year 1 Return:

$146,237 -> 78.42%

*Cashflow + Principal Payments + Surplus Value from Main Floor Reno + 2% Appreciation

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