Own a Toronto townhouse for the price of an apartment! Just minutes from York University, Humber River Hospital, TTC, Finch West subway station, and major highways (401, 400, 407), plus Downsview Park. This property also offers a bonus basement apartment for added value. Enjoy the convenience of all utilities included in the condo fees.
How can you profit?
1) Student Rental. This is a 5 bedroom house with 2 kitchens! It could use some updates, but some investors may consider it rent-ready as-is. Collect $700-$1000/room/month ($3500-$5000/month total) from York University students.
2) Move In. Realtors, we’ll pay you 2.5% to bring us a buyer! Great price point for first time home buyers and lots of time to get a bank mortgage. $75k+ discount off market!
3) Easy Wholetail. Have a line of credit doing nothing these days? Buy for $438k, replace some flooring, and immediately relist for small but easy returns. Ideal for a realtor flipper.
SUMMARY:
– LOCATION: North York, ON (Jane St & Steeles Ave)
– PURCHASE PRICE: $449,900 Or Best Offer (Includes 2.5% Co-op for Realtors)
– DISCOUNTED DIRECT BUYER PRICE: $438,800 Or Best Offer
– CURRENT MARKET VALUE: A similar unit just sold for $520k. It was a bit dated too, and it didn’t have a basement apartment. Other units with similar square footage have sold in the $560k-$570k range!
– CLOSING: March 17, 2025 (This is an assignment sale.)
– TYPE: 2 Storey Condo Townhouse
– BEDS/BATHS: 4+1 Beds/1.5+1 Baths
– PARKING: 1 Underground
– BASEMENT: Finished with 1 bed/1 bath accessory apartment (not legal)
– SQFT: 1,170
– AGE: 1972
– CONDO FEES: $1,565/month (includes water, hydro heat)
– PROPERTY TAX: $1,581 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Flooring needs an update.
– Basement apartment needs cosmetic updates.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Cheapest townhouse in years!
– Roof and A/C are newer
LISTING ID: 0125-NOR-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, Tomomi Wang & Josea Dussard
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.