Who’s looking for cheap condominiums for sale Toronto?
If you’re searching for cheap condominiums for sale Toronto, this 1-bedroom condo in River City 3 deserves a closer look. It is currently available for less than half current market value!! The last 1 bed unit in this building (smaller sqft) sold in May for $425K, the last 1 bed unit in this building the same size as this one sold over $500K!!
This unit is even available well below the tax assessed value of $315K.
Built in 2018, the unit includes ensuite laundry, and requires no planned renovation work. Across the street from Corktown Common, this building is in a desirable part of old Toronto, and is easily accessible by both TTC public transit and car, with convenient access to the Don Valley Parkway.
How can you profit?
1) Easy Wholetail – At only $199K this property is currently available at less than half market price! This one will be a home run for investors willing to take on an existing tenant.
2) Buy and Hold – This is a newer building with great amenities and almost no expected renovations needed in the near future. Estimated $2,000-$2,300/month in market rent. Incredible purchase price and minimal carrying costs!
3) Realtors – Help your end users secure a condo in a great building for less than half price! The property is currently tenanted and with a fast close, so you may need to guide your buyers through this process. 3% co-op included.
SUMMARY:
– LOCATION: Toronto, ON (Adelaide St E & the DVP)
– PURCHASE PRICE: $199,000 Or Best Offer (3% co-op included for realtors!)
– CURRENT MARKET VALUE: $425,000 Minimum!
– CLOSING: August 25, 2026 firm with no flexibility. (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 1 Bed/1 Bath
– PARKING: None
– SQFT: 508
– AGE: 2018 (Less than 10 years old!)
– CONDO FEES: $460 (includes building insurance and common elements)
– PROPERTY TAX: $2,375 (2025)
– POSSESSION: Tenanted.
RENOVATIONS NEEDED:
– No planned renovations required based on the property’s current condition.
– Cleaning and minor refreshing may be required after possession.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Less than 10 year old building! No major renovations planned or expected in the imminent future.
– 2016 Tax assessed value of $315K!!
– 2018 River City 3 condo with ensuite laundry and no planned renovations.
– Rooftop pool, gym and party room within the building.
– Immediate access to Corktown Common, the Lower Don River Trail network and the planned Ontario Line.
LISTING ID: 0726-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, 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.