How can you profit?
- Fix & Flip: Cosmetic renos and minor electrical upgrades could boost value dramatically. Buy for $285k, renovate, and sell around $500k.
- Rent and Hold: Collect around $2500/month from tenants. Huge demand for rentals in this area, with future subway development driving long-term appreciation.
Close to Scarborough Town Centre, Hwy 401, steps to dining, shopping, and future transit — right next to the upcoming Sheppard & McCowan TTC Subway Station. With 1,097 sqft of living space, an in-unit laundry room, and a bonus storage area that could be converted into a second bathroom, this condo has tons of potential to add value. The building benefits from shared amenities like a gym and party room across three sister buildings. Plus, the roof has been recently redone!
SUMMARY:
– LOCATION: Scarborough, ON (1705 McCowan Rd at Sheppard Ave E)
– PURCHASE PRICE: $329,900 $285,000 Or Best Offer. First Come, First Served!
– AFTER REPAIR VALUE: Nearing $500k
– CLOSING: July 3, 2025 (Sooner would be better. This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 2 bed/1 bath with potential to add second bath like some other units have.
– PARKING: 1 underground spot
– SQFT: 1,097 sqft
– AGE: 1979
– CONDO FEES: $659/month (includes water & heat)
– PROPERTY TAX: $1,166 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full cosmetic updates needed throughout.
– Upgrade electrical from fuses to breakers.
– Potential to convert storage room into a second bathroom to maximize value. Other units have done this!
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Massive upside potential at a price far below comparable units!
– Spacious layout with opportunity to add a second bathroom.
– Steps to new Sheppard & McCowan Subway Station development = future value boost.
LISTING ID: 0425-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, Tomomi Wang, Josea Dussard
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Do you want to get notified of these deals before everyone else? PUSH HERE to get notified about these deals as soon as they become available.
P.S. Good luck finding any 2 bed condos nearby at this price! Email us now for more information.