The Two for One Project
2 story, 2 bedroom, 1 bathroom single family home located in Welland, Ontario, south east of Hamilton. This property had “win” written all over it and came with the Welland Project building. Did we mention that selling this single-family-home would cover the original purchase price of both properties? Needless to say, we did not hesitate to jump onto this investment as we saw its great potential.
Purchase price – $285,000
Renovations cost – $40,000
Sale cost (of one property) – $322k (178% over projected)
Note: This home sold for more than we originally bought both properties combined for. What a deal!