Completed BRRRR in London Ontario (Duplex) Before/After Video

[Matt McKee]

I just wanted to post a before & after video of the front unit of my duplex in London Ontario. I got Possession in early July, I did a fair bit of the renovations myself, but did hire out aspects (like electrical and drywall). I likely spent about 80hrs working ont he front unit, and another 70 on the back. Main focus was - adding a dishwasher to the kitchen and in unit laundry, as well as replacing the flooring and repainting the unit top to bottom. (Overall the property was in decent condition, it had just been cosmetically neglected for about 15 years and the previous tenants were hard on the property)

<iframe width="560" height="315" src="https://www.youtube.com/embed/bkL6ByeFuG0" frameborder="0" allowfullscreen></iframe>

https://www.youtube.com/watch?v=bkL6ByeFuG0

This is the first property I've BRRRR'd in a short time period (same year).

I purchased the property for 110K (132K asking) and spent just under 11K total in renovations. (Renovating both units) and was able to increase the gross rents by $450/mo (1100 vs 1550) and had the bank (BNS) reappraise it for $150K - so I was able to BRRRR this property with my only investment (after refinance) being my holding and closing costs (amounting to under 5K). Now if I could only find properties like this on a more consistent basis.

Here's a brief summary of the expenses I incurred:

Front Unit
Flooring
	Materials	1,743.00
	Labour	300.00
		2,043.00
Kitchen
	Paint + Labour	90.00
	Countertop	180.00
	install and small parts	130.00
	faucet	160.00
		560.00
Dishwasher
	Used Kijiji	50.00
	install and small parts	200.00
		250.00
Laundry
	Used Kijiji	300.00
	install and small parts	200.00
		500.00
Finishes
	Finishing touches	210.00
	Drywall, Trim, Install	1,166.00
		1,376.00
Painting
	Paint	216.00
		216.00
Electrical	1,316.00
		1,316.00
Garbage Removal	150.00
	Garbage Removal	150.00
Total	6,011.00

I'm very happy with the way the unit turned out, and think I've got a great tenant in it (She's been consistently paying her rent a week early and unprompted!) Thanks @KellanP for the referral!