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