Who wants a profitable property?
This London condo townhouse is low cost and low effort! Complete a cosmetic update and sell in the high $300Ks. That’s a $125K spread with no major upgrades required. Or Wholetail it for a faster turnaround.
At $249K carrying costs will be minimal. Condo fees are only $325/m, and they cover most of the big-ticket items. This property is affordable and the condo corp offers a safety net for maintenance costs!
The basement is half finished with a large laundry area on the other half, giving you some flexibility for future use. There’s also a separate entrance from the backyard keeping options open!
This is one of the few properties in the complex with HVAC already in place, this will add value to end users and help distinguish it from the crowd come resale!
How can you profit?
1) Quick Flip / Easy Wholetail – Clear out the junk, upgrade some cosmetics, and list! Comparables in this pocket of London are selling in the high $300Ks, with top comps selling over $400K! That’s a $125K spread for a low cost, easy flip.
2) Move In With Equity – End users get a 3 bed, 1.5 bath townhouse priced well under the $375,000 ARV, with low $325/month condo fees keeping monthly costs manageable. No major renovations needed, just clean up and move in with significant instant equity!
3) Buy & Hold – For investors who want to rent instead of flip, 3 bedroom townhouses in this area are renting for $2,000-$2,300/month. If you’re not reselling minimal work is required upfront. The low condo fees cover most big-ticket items, making this a low-hassle rental!
SUMMARY:
– LOCATION: London, ON (135 Belmont Dr)
– PURCHASE PRICE: $249,900 Or Best Offer
– AFTER REPAIR VALUE: $375,000
– CLOSING: October 13, 2026 (Faster close available if desired. This is an assignment sale.)
– TYPE: 2 Storey Condo Townhouse
– BEDS/BATHS: 3 beds / 1.5 baths
– PARKING: 1 parking in front
– BASEMENT: Half finished (other half is a large laundry room)
– SQFT: 1,278
– AGE: 1985
– PROPERTY TAX: $2,448 (2025)
– POSSESSION: Vacant
– CONDO FEES: $325/month
– POTENTIAL RENT: $2,000-$2,300/month
RENOVATIONS NEEDED:
– Cosmetic updates as desired
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 0926-LON-C01
GOOD NEWS:
– Low condo fees at $325/month, no exterior maintenance to worry about (that includes the roof)
– Minimal work needed, mostly cosmetic work, possible wholetail
– One of the few townhomes in the complex with HVAC already installed
– HWT is owned
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, Tobias King & Georgia Godfrey
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.