Who’s this right for?
1. The Buy‑and‑Hold Landlord
- Buy with cash, HELOC or private financing—no bank mortgage needed.
- Rent projections: $2,400–$2,600 /mo in today’s tight rental market.
- Long‑term upside: Future Sheppard & McCowan subway boosts demand and value.
2. The All‑Cash Owner‑Occupant
- Ideal if you have savings, inheritance, or private funds but low income or credit that won’t qualify for a traditional mortgage.
- Live affordably: Major discount on entry into Toronto condo market.
- Personalize over time: Put your own touch on cosmetic renovations and electrical upgrades at your pace. The unit is clean, just dated.
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. Includes FREE MACBOOK with purchase!
– AFTER REPAIR VALUE: Nearing $500k
– CLOSING: July 3, 2025 (Sooner would be much 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)
– 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.
Why Act Now?
- Huge upside at deep discount compared to neighbouring resales
- Stable rental income for investors or ultra‑affordable living for end‑users
- Future value catalyst: new subway station right outside
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
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P.S. We have a special short-term private loan offer for a buyer who can close FAST. Ask us for terms today!