How about a profitable flip for the spring market?
Enjoy the bright & sunny south exposure of this 8th floor end unit condo! It’s big (over 1100 sq. ft.) with 3 bedrooms and 2 full baths. It’s like a bungalow in a building! Leave all the maintenance and exterior to condo management…you’ll love having all the space without all the work. Plus, it’s near the 401 and DVP with the new Eglinton LRT coming soon close to the building. The onsite gym, rec room, and party room are added bonuses for keeping you (or your future tenants) entertained.
How can you profit?
1) Fix & Flip: Close on this discounted property in February, make it over, and have a gorgeous new condo on the market just in time for spring.
2) Buy for $429,900, renovate, and rent. Other units in the building are renting upwards of $2500/month.
SUMMARY:
– LOCATION: Scarborough, ON (Victoria Park Ave & Eglinton Ave)
– PURCHASE PRICE: $429,900 Or Best Offer
– AFTER REPAIR VALUE: Compare with recent updated unit sold for $540k in September
– CLOSING: February 10, 2021 (This is an assignment sale.)
– TYPE: High Rise Condo (8th floor)
– BEDS/BATHS: 3 Beds/2 Baths
– PARKING: 1 underground space included. (Can rent additional units.)
– SQFT: 1155 Sq. Ft.
– AGE: 1986
– CONDO FEES: $870/month (includes water & heat)
– PROPERTY TAX: Approx. $1500
– LAUNDRY: In Unit
RENOVATIONS NEEDED:
– Some water damage to drywall from unit above.
– Needs cosmetic updates to kitchen, bathrooms, and flooring.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– The price!
– It’s big for a condo…which opens up your post-flip pool of buyers or renters to families who will happily pay more for the extra space.
– Easy access to 401 & 404.
– Parking included.
PHOTOS AVAILABLE UPON REQUEST.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Paul
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. ATTENTION WHOLESALERS & INVESTORS: Did you know that we’ll buy deals from you or wholesale deals on your behalf? We split profits 60-40 with you. You get 60%.
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If you have a lead or a contract, then please push here to contact us and chat with Michael or JJ. Whether it’s a 60-40 split or $2,021, we want to pay you!
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Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! Fully open!
DISCOUNT:
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA