Who’s looking for a profitable property?
How can you profit?
1) Buy at a discount, update the interior, and rent it out. Close to York University!
2) Flip it: last sales were in 2020 and Toronto condo prices have gone up a lot since then. We think this could sell in the mid $400s after a nice reno.
3) Build equity in an investment property instead of paying residence fees for your university student. Move your kid in and let their roommate cover most expenses!
4) Downsizing or looking to own your first home? Do a light reno and move right in.
SUMMARY:
– LOCATION: North York, ON (Keele St. & Sheppard Ave.)
– PURCHASE PRICE: $329,900 Or Best Offer
– AFTER REPAIR VALUE: We think a nicely renovated unit might sell in the mid-$400s now. Other 2 bed units in building sold around $400k last year. There are no recent 2021 sales yet, but average condo prices in the area are up 13%.
– CLOSING: September 1, 2021 (This is an assignment sale.)
– TYPE: Highrise Condo (3rd floor)
– BEDS/BATHS: 2 Beds/1 Bath
– PARKING: 1 space right outside back door
– SQFT: 924 sq. ft.
– AGE: 1965
– A/C: Window unit
– CONDO FEES: $650/month (Includes water, heat, cable TV, building insurance, parking, common elements. Hydro is not included.)
RENOVATIONS NEEDED:
– Cosmetic updates to kitchen, flooring, and paint. Bathroom was redone last year.
– Add ensuite laundry, maybe. Or just access the building’s laundry facilities.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Easy access reno! Pull your truck right up to the back door of the unit…no need for stairs or elevator.
– Brand new bathroom done in 2020.
– It’s a condo! No need to budget for exterior updates.
– Parking area and balcony are currently being redone. Balcony will be brand new!
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Paul
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. ATTENTION WHOLESALERS & INVESTORS: Did you know that we’ll buy deals from you or wholesale deals on your behalf? We split profits 60-40 with you. You get 60%.
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Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee. Also, they can fund in 24 hours.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! Fully open!
DISCOUNT:
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA