Oshawa Bungalow Converted Into Legal Duplex After Renovations – Episode #203

We are back in Oshawa with Chris Arnts and he has converted this bungalow into a legal duplex.

The original purchase price was $325,000 and the actual renovation budget spent was $155,000.  The actual rents achieved are: main floor $1690 and basement $1250 plus hydro.

Approximate monthly cash flow after all expenses with 20% down payment will be $700 (after refinancing).

Oshawa is a pretty hot market.  A good city to compare to Toronto for investment purposes.

Which market are you investing in?

Here is the before video: Oshawa Bungalow Before Renovations – Episode #202

 

Oshawa Bungalow Before Renovations – Episode #202

Today we decided to take a different stance and venture out to Oshawa to see if owner Chris Arnts can take his experience from the Toronto Beaches and utilize it in another city.  Oshawa is relatively more affordable where you can probably fetch more monthly cash flow and it is also going through positive growth.

Chris purchased this property for $325,000 and the anticipated renovation budget is $100,000 to convert this property into a legal duplex.  The estimated rents once it is all finished is $1600 for the main floor and $1200 for the basement.  This is the before video so lets see how it turns out.

There are pros and cons to investing in any city, town or neighbourhood.  It is important to learn what they are and decide which area you want to invest in.  I believe every area has potential to make money…you just need to figure out what that method is and whether it works for you.

Here is the after video: Oshawa Bungalow Converted Into Legal Duplex After Renovations – Episode #203

 

East York Modern Duplex Conversion After Renovations – Episode #200

Here is the final reveal for this modern duplex in the HOT East York!!

The owner, Brendan Riley, has just undergone a 200k renovation and has created a modern legal duplex that generated record-setting rents for an East York bungalow!!! $700 of monthly cash flow! That is fantastic!

See what Brendan has done and how he was able to achieve these results.

To see the before renovation video please click here: East York Bungalow Conversion Before Renovations – Episode #199

If you would like to discuss how you can acquire a similar property feel free to contact me through my website: www.BeachInvesting.com

If you want to see other projects Brendan has been involved with here they are:

Renovating a Modern Leslieville Duplex: Leslieville Luxury Duplex Renovation – Episode #196

East York Bungalow Duplex Conversion Before Renovations – Episode #199

The real estate market in East York has gone crazy! Homeowners and Investors are really ramping things up and renovating their homes to build equity. They are either holding them for personal use, renting them out for investment income, or flipping them to make a profit.

The owner of this property, Brendan Riley, just purchased a property in this HOT location and is about to undergo a massive renovation to convert this property into a luxury duplex.

Brendan is a real estate investor who has done this before. He has learned a lot of lessons in the past so lets see what changes he will make this time and what the results will be. BUT first…lets see what his plans are.

I helped Brendan find this gem in East York that they wish to renovate and rent for the long term with the hopes to generate positive cash flow and a bit of sweat equity.

Can Brendan create an anchor property here? Lets see what his plans are.

If you want to see the final reveal (the after video) please click here: East York Modern Duplex Conversion After Renovations – Episode #200