This 2-bed condo in Scarborough is a golden opportunity for investors looking to flip, BRRRR, or snag a solid rental. Located just off Kingston Rd & Markham Rd, this area offers strong resale potential, nearby transit, schools, shopping, and access to downtown Toronto in under 30 minutes. Whether you’re a seasoned investor or just getting started, this is a low-risk, high-reward deal that won’t last.
How can you profit?
- Fix & Flip – You have a $160,000 spread here and you only need to renovate an 840 sqft condo. How low can you renovate this for? With only cosmetic updates needed, this condo can be quickly refreshed and resold for a strong return.
- Buy & Hold (BRRRR) – Renovate, rent it out, and refinance to recycle your capital—ideal for building long-term equity. Recent MLS rents are $2400 and $2350 per month for dated units. If you renovate nicer, then you’ll get higher rents.
- Realtors – Bring us a buyer. We’re paying 3% or more commission on this one!
SUMMARY:
– LOCATION: Scarborough, ON (Kingston Rd & Markham Rd)
– PURCHASE PRICE: $289,900 Or Best Offer
– AFTER REPAIR VALUE: $450,000 (We can show you recent comparables for $450k, $430k and $444k.)
– LEASE COMPS: $2500+ when renovated or $2400 and $2350 for dated units.
– CLOSING: May 29, 2025 (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 2 Beds/1 Bath
– PARKING: 1 space + locker
– SQFT: 840
– AGE: 1970
– CONDO FEES: $826.94 (includes water, cable and hydro
– PROPERTY TAX: $1,216 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout (e.g. flooring, paint, kitchen and bathroom refresh)
– Some junk and furniture removal.
– No major structural or exterior concerns—condo covers roof, windows, etc.
– Light cigarette smell from previous occupant, but not overpowering. This is easy to fix by cleaning, priming and painting. Just ask us for advice if you need it.
– Ideal project for a handy investor or someone looking for a light reno with upside.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Vacant possession – No tenant issues, move fast and start work immediately
– Light cosmetic updates only – A straightforward renovation with no major systems to replace
– Low-maintenance ownership – Condo structure means no roof, windows, or exterior upkeep to worry about
LISTING ID: 0425-SCA-C01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Randall Reashore
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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