Attention Builders and Developers!
Tear this home down and build! In this neighborhood, new builds are consistently selling over $1.5M, with top properties selling as high as $1.75M!! That’s at least a $1M spread for buyers comfortable taking on a new build. There’s few recent land comps, but one sold in April for $680K! Now’s your chance to save big compared to MLS prices!
This neighbourhood has excellent transit access, close to Black Creek Drive, and strong walkability with schools and everyday amenities all within easy reach.
How can you profit?
1) New Build – This is an area in need of new builds! Most homes are quite old and anything post 2000 fetches a premium. Actual new build comps are selling as high as $1.75M, with homes from 15 years ago selling over $1.5M! You’ve got well over a $1M spread to turn this property into something special!
2) Demolition – Tear this home down, and sell as a development lot. The last vacant land comp in this area sold in April for $680K. That’s a $200K spread to cover carrying costs and the price of demolition. Large spread for minimal effort!
SUMMARY:
- LOCATION: Toronto, ON (Keele St. & Eglington St W)
- PURCHASE PRICE: $475,000 Or Best Offer
- NEW BUILD VALUE: $1,500,000+ (Check out the comp from July that sold for $1.75M!)
- VACANT LAND VALUE: $680,000
- CLOSING: October 22nd, 2026 (Some flexibility if needed. This is an assignment sale.)
- TYPE: Detached 2-storey
- BEDS/BATHS: 3 beds / 1.5 baths
- PARKING: 1 car in driveway plus street parking
- BASEMENT: Finished, approximately 6 ft ceiling
- SQFT: 1,344
- LOT: 20 x 100
- AGE: Built 1920
- PROPERTY TAX: $4,117
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Demolition and new build!
GOOD NEWS:
- Buy below the 2016 Tax assessed value of $546K
- $200K spread compared to vacant land comps!
- $1M+ spread for a full new build
- Desirable area in the heart of Keelesdale-Eglinton West
LISTING ID: 0826-YOR-F01
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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.