Cheap Downtown Toronto Condo for $299k. Investor Special! Assigned

  • $299,900
  • 1 beds
  • 1 baths
  • 660 sqft
Who’s looking for a profitable property?

Iconic Horizon on Bay! This sought-after property offers a wealth of upscale amenities, including an indoor pool, hot tub, fully equipped gym, rooftop terrace with BBQ, 24-hour concierge, and squash/racquet courts. Located steps from Dundas Square, City Hall, U of T, and a vibrant array of shops and restaurants, it’s at the heart of everything.

This unit features A+ tenants who recently renewed their lease at $1,950/month, all-inclusive, through July 2025—allowing you to step right in and start collecting steady income immediately! At $299k, you’ll cash flow approximately $250/month starting day 1. How often does that happen these days?

SUMMARY:
– LOCATION: Toronto, ON (633 Bay St between Bloor St & Wellesley St)
– PURCHASE PRICE: $299,900 Or Best Offer
– AFTER REPAIR VALUE: Mid $400s at least. Some 1 beds in the building are selling in the $500s & $600s, but some have extra features our unit does not.
– CLOSING: December 3, 2024 (Sooner might be possible as well. This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 1 Bed Plus Large Den (Could easily be used as second bedroom). 1 Bath
– PARKING: None
– LOCKER: None
– SQFT: 660
– AGE: 1981
– CONDO FEES: All utilities included! Exact amount TBA. Based on units with similar square footage, likely around $650/month.
– PROPERTY TAX: $2,532 (2024)

RENOVATIONS NEEDED:
– Needs cosmetic updates sometime in the future. The kitchen, bathroom and flooring are dated.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.

GOOD NEWS:
– It’s cheap! And you’ll have instant cash flow. Rare find!
– Great downtown location right on Bay St.

LISTING ID: 1024-TOR-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
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors

PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.

Price:
$299,900
Address:
Toronto, ON
Square Feet:
660
Bedrooms:
1
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Condo
Year Built:
1981
Const. Type:
Condo Apartment

Call (647) 557-5979 for more details