Here’s a Flix & Flip opportunity for you. A 1430 sqft corner unit with unobstructed south views of Toronto. Buy for $420k, reno, sell for over $540k and profit.
SUMMARY:
– LOCATION: 625 The West Mall, Etobicoke, Toronto
– PURCHASE PRICE: $419,900 Or Best Offer
– AFTER REPAIR VALUE: A unit just sold for $539k a month ago. There are other sales for $540k and $545k in this building and the sister building.
– CLOSING: August 18, 2020 (This is an assignment sale.)
– TYPE: condo apartment
– BEDS/BATHS: 3 + 1 bed/2 full baths
– SQFT: 1430 sqft per MPAC (may not include the solarium)
– PARKING: 1 spot underground
– LOCKER: 1 locker (currently rented out for $30/month)
– EXPOSURE: South & South-East (It’s a corner unit so you have multiple views.)
– CONDO FEES: $943.55 (All Utilities Included & Cable TV)
– PROPERTY TAXES: $1600 approx.
– RENT: Median rents in the area are $2700 for 3-Beds and $3000 for 4-Beds per Zumper.
– AGE: 1975 Built
RENOVATIONS NEEDED:
– The kitchen is decent, but it’s probably time for a full interior renovation. Please look at the pictures and videos.
– There was a toilet leak in the master bedroom and there is water damage to the floor, baseboard, and plaster.
– Dishwasher and microwave are not working
– There will be junk removal
VIDEOS: https://1drv.ms/u/s!AuqWmOD57pS7hLAmaR0lgKaNJtRGMA?e=uXcXTQ
GOOD NEWS:
– Lots of amenities: Indoor Pool, Outdoor Pool, Sauna, Bike Storage, Exercise
Room, Tennis Court, Playground, BBQ Area.
– Easy access to highways 427, 401, QEW
– Ensuite laundry
– Great south views will give you sunlight all day long.
Please let us know if you want to view it or if you want us to get you details. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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