Cheap Houses For Sale Toronto: Who wants to buy in a hot neighbourhood at a big discount?
It’s situated a couple hundred metres from Eglinton and in between two upcoming LRT stations. Between Oakwood and Caledonia LRT stations. Since COVID houses like this are IN DEMAND as people leave condo buildings.
There’s untapped potential here! We have a unique L-shaped lot that fronts on two streets. Is there potential to build a coach house or a residential unit above the garage? It is a semi-detached garage with the neighbour. You could build on your half of the semi. Or can you build something new with the neighbour? Is there a price the neighbour will sell their half of the garage for? We don’t have all the answers, but we smell opportunity for the future.
SUMMARY:
– LOCATION: Toronto (near Dufferin & Eglinton)
– PURCHASE PRICE: $759,900 Or Best Offer
– AFTER REPAIR VALUE: Over $900,000. There’s a couple recent sales in the high $900s. (Add a 2nd storey and make it worth over $1.3M)
– CLOSING: May 17, 2021 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2 + 1 Bed/2 Bath
– PARKING: 2 spots, 1 in garage, 1 on driveway
– BASEMENT: Finished. Separate entrance. Ceiling height approx 6’2″ with lower spots.
– SQFT: 931 sqft
– LOT: L-shaped, 25′ x 125′, plus 13′ x 25′ section
– AGE: 1930 Built
– PROPERTY TAX: $3424.31
RENOVATIONS NEEDED:
– It’s a dated house that could use updating. (Kitchens, baths, painting, etc)
– Some junk and furniture removal.
– The garage is in rough shape.
– Windows are older.
– Please review the pictures and videos to get ideas of what you’d like to do.
GOOD NEWS:
– For a city property, you have a big back yard.
– Solid brick bungalow that has been well maintained.
– New furnace and AC.
– Roof is about 7 years old and in good condition.
– Fronting on two streets gives untapped potential.
– Excellent TTC access and close to future LRT stations on Eglinton.
Please let us know if you want to view it or if you want us to get you details. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Do you want to get notified of these cheap houses for sale Toronto deals before everyone else? PUSH HERE to get notified about these deals as soon as they become available.