Monday, November 22, 2010

Hot List

Pre-Construction Opportunity
In the very popular WESTBORO neighbourhood, there is a new condo launch happening in the coming two weeks.  It will be the most unique new building in Ottawa's history.  It is a pre-designed community with quaint "courtyards" and a 35,000 sqft community ammenities center.  There will be units starting below $200k.

Income producing triplex
I have found an income producing triplex, about 1 hour from Ottawa, in a picturesque community, that after all expenses and mortgage payments should net a positive income of $1,100 per month.  The purchase price on this property is $220k and contains 3 two bedroom units. 

Kanata Town Home
In Kanata, I have found some new build townhomes for less than $300k.  The announcement of DND moving to the Moodie campus of Nortel means an influx of new people to the Bells Corners/Kanata market in the near future.  Currently town homes in Kanata rent easily in the $1500 plus per month.

Alta Vista Duplex
Found a great duplex in the Alta Vista area with a top notch top floor unit with four bedrooms and a brand new designer renovation.  The basement has two bedrooms and is currently tenanted at almost $1100 per month.  New steel roof just installed and has a lifetime warranty.  With 25% down, it will produce approximately $1000 per month and costs $495,000

BONUS OPTION --
Flipping in the USA
I have secured access to the home auction in Phoenix, Arizona.  Through this auction, you can purchase homes for approximately 30% below currently MLS prices.  These homes are foreclosures, before they go to the open market, hence the great savings.

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