1508 Duford Drive
Purchased : April 2024
Projected Completed: Sept 2024
Initial Condition: Foreclosure with fire and mold damage
Renovation Plan: Convert from single family home to a Legal Triplex
Purchase Price: $450,000
Renovation Cost (including carrying and closing costs): $250,000
Post Renovation Appraisal: $1,100,000
Net Worth Generated : $400,000
Monthly Gross rent from all three units: $6700
Net Monthly Cash Flow Created after all expenses including mortgage: $1500
Post Project: Refinanced with TD Bank
28 Florence Street
Purchased : Sept 2024
Projected Completed: Jan 2025
Initial Condition: Abandoned home with foundation and mold damage
Renovation Plan: Convert from single family home to a Legal Triplex
Purchase Price: $400,000
Renovation Cost (including carrying and closing costs): $350,000
Post Renovation Appraisal: $1,100,000
Net Worth Generated : $350,000
Monthly Gross rent from all three units: $6400
Net Monthly Cash Flow Created after all expenses including mortgage: $1200
Post Project: Refinanced with TD Bank
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564 Brunel Street
Purchased : April 2025
Projected Completed: July 2025
Initial Condition: Abandoned home with significant water damage from a burst pipe
Renovation Plan: Convert from single family home to a Legal Triplex
Purchase Price: $450,000
Renovation Cost (including carrying and closing costs): $250,000
Post Renovation Appraisal: $1,200,000
Net Worth Generated : $500,000
Monthly Gross rent from all three units: $6600
Net Monthly Cash Flow Created after all expenses including mortgage: $1700
Post Project: Refinanced with TD Bank
102 Sydney Street (Currently In Progress)
Purchased : August 2025
Projected Completed: TBD
Initial Condition: Large mixed use residential commercial building with three residential units and one large commercial space of over 3000 square feet. The commercial portion was vacant and not producing much rent.
Renovation Plan: Convert the commercial space to 5 residential apartments therefore creating a 8 unit residential building.
Purchase Price: $800,000
Renovation Cost (including carrying and closing costs): $300,000
Post Renovation Appraisal: TBD (Expected to be over $1.5 million)
Net Worth Generated : TBD
Monthly Gross rent from all three units: TBD
Net Monthly Cash Flow Created after all expenses including mortgage: TBD
Post Project: Refinanced with TD Bank