Who’s looking for a profitable property?
This 1 bedroom condo in River City 3 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 st from Corktown Common, this building is in a desirable part of old Toronto, and is easily accessible by both public transit and car.
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 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.