We purchased this house in a private deal from a single family. When we got the property, it had some wear and tear and needed lots of updates. We closed in the stairs to allow for separate entrances. We reconfigured the new staircase to the basement to allow for a more functional layout. The new basement layout allowed for optimal flow with 3 bedrooms, living space and a brand new kitchen & bath. This place is an amazing rental and income producing property. It was purchased from us as an investment property, bringing in CASH FLOW every month from two rental units. The property is a legal duplex registered with the city of Oshawa. Brand new appliances, separate electrical, separate laundry units, brand new windows, a wider driveway and lots of functional outdoor space - it will be a great, low-maintenance income property for years to come.
We purchased this house through a realtor as a single family home. We closed in the stairs to allow for separate entrances to create a legal duplex. We completely renovated the basement to create a 2 bedroom unit, complete with brand new kitchen, bathroom and separate laundry unit. New, bigger windows allows a lot of light in, making this basement apartment feeling bright and open. On the main floor we reconfigured the layout slightly, by closing in the staircase and removing some walls for a more open floor plan. A new kitchen and bathroom upstairs, along with new trim, doors and windows created a bright and fresh 3 bedroom unit. This property was purchased with a JV partner as an investment property for him to live in, while renting out the 2nd unit.
Norman 2.0 Conversion
We purchased this house on market as a single family home. It was in good shape, but very original. We closed in the stairs to allow for separate entrances to create a legal duplex. We completely renovated the basement to create a 3 bedroom unit, complete with brand new kitchen, bathroom and separate laundry unit. Upstairs we put in a full new kitchen, bathroom & laundry, complete with stone countertops and new appliances. Outside, the house was wrapped in new vinyl siding, new windows, soffits & eaves. New decking to the front entrance, and the driveway was widened and replaced.
This property was purchased with a JV partner as a rental property for him to hold. We also completed this project and had it fully rented during a pandemic!
St. Catherine's, ON
This property was previously a none legal duplex, that had a sewer backup two years previous to us acquiring. The previous owner of this property basically moved the basement tenants out and left it mid demo since the backup. This property was presented to us from our Realtor as an exclusive property. We acquired the property, applied for permits to convert this property to a legal duplex (move valuable for resale), moved the main floor tenant to another property and started construction. The conversion took approximately 10 weeks, and looked amazing when completed.
We put the property up for sale, it sold to an investor looking for a turn key property. The new owner was able to acquire the property from us in a short closing, put the units up for rent, and it was fully tenanted within 3 weeks & bought in $300 extra than projected cash flow. This property is CASH FLOWING $915.00 per month