Real Estate

A flip here, what do you think ?

  • Last Updated:
  • Mar 16th, 2020 12:21 pm
[OP]
Sr. Member
Dec 28, 2010
662 posts
261 upvotes
Toronto

A flip here, what do you think ?

Not affiliated with anyone here.
Was at the open house as we were in the area. Did some quick digging and found it's a 5month flip.

Sold for : LINK

Now : https://www.bungol.ca/listing/129-morde ... 4-4073153/

Seems the agent and team are experienced in renos and flipping.

It's interesting times, With the low interest rates, edging to zero soon, looks like it will sell. The renos were ok, rooms very small. But location seems excellent. Looking at before pics, it's mostly cosmetic renovations + 1 additional washroom.

Will be interesting one to watch.
3 replies
Member
User avatar
Aug 14, 2011
305 posts
174 upvotes
Toronto
any expert guess how much the renos cost?
Real Estate Sales Agent
[OP]
Sr. Member
Dec 28, 2010
662 posts
261 upvotes
Toronto
bosoxfanx wrote: any expert guess how much the renos cost?
Well at the open house , some other couple was asking..and I think the reply was around 300k. Not sure if accurate. The before pics don't show the inside. But form exterior comparison, they moved the main door, windows replaced, paved driveway, new bathroom, flooring, kitchen, some roof I suppose etc.
So might be in that range or not.
Banned
Mar 14, 2020
57 posts
121 upvotes
I would be weary of paying someone a premium to renovate the house how they wanted, without much assurance of quality. Much rather do it myself. But obviously flips appeal to some people as they keep happening.

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