First Come, First Served. Must Sell Within 24 Hours. Only $355K for an Awesome Toronto Rental Property That is Steps to LRT Station. Available

This condo must sell within 24 hours. We even have a private lender with reasonable rates lined up for you. Status Certificate is ready. Everything is lined up to close fast. First come, first served. (We’re closing on it if you don’t want to.)

Where can you buy a condo in an A+ Toronto neighbourhood for $479/sqft?

If you’re looking for a rental property, this will attract amazing tenants. Great condition and this renovated condo was the model suite. A beautiful kitchen with solid maple cabinets, gleaming granite countertop and marble floors. In highly sought-after Forest Hill North and steps to the LRT station that is built and will open soon.

How can you profit?
1) Rent: Looking to build your wealth in a great neighbourhood in Toronto? Earn around $2500/month plus $100+ for parking + $50+ for locker.
A condo across the street is renting for $2300-$2700 plus parking $200 and locker $60. It’s a newer building but the units are smaller.
2) Move in! The unit is in fantastic condition and who wouldn’t want to live in this prestigious neighbourhood? And you get to buy at a discount.

SUMMARY:
– LOCATION: Forest Hill North in Toronto, ON (Bathurst St & Eglinton Ave)
– PURCHASE PRICE: $355,000 Or Best Offer (Only $479/sqft is super cheap for this neighbourhood!)
– AFTER REPAIR VALUE: Around the $390s now and likely over $400k in the spring and as interest rates decline. There are plenty of past sales over $400k.
– CLOSING: November 28, 2024 (This is an assignment sale.)
– TYPE: Co-ownership Apartment in Mid-Rise Building (similar to a condo)
– BEDS/BATHS: 1 Bed/1 Bath
– PARKING: Has 1 spot that’s rented, not owned.
– LOCKER: 1
– BASEMENT: None
– SQFT: Approx. 742sqft
– AGE: 1951
– CONDO FEES: $740 – Maintenance, Taxes and Utilities (Yes, taxes are included!)
– PROPERTY TAX: $1,436/2024 included in the maintenance fee.
– POSSESSION: Vacant

CO-OWNERSHIP vs CONDO vs CO-OP: It’s a co-ownership not a co-op so no board approvals. Minimum 20% down payment required. Very similar to a condo. Yes, you can rent your unit just like in a condo. Biggest difference from condos is with financing and you need to put down 20%, which is typical when you buy a rental property.

RENOVATIONS NEEDED:
– Nothing needed. Maybe you’d like to paint.
– Please view the pictures and videos for ideas on what you’d like to renovate.

GOOD NEWS:
– Steps to the Forest Hill LRT station that’s already built and will open soon. We believe this area will appreciate significantly after the LRT opens.
– Great location in Forest Hill North. Bathurst & Eglinton.
– Unit is in very good condition and well-maintained. Rent ready & move-in ready for a sophisticated occupant.
– Buy for a cheaper price since it’s a co-ownership and not a condo. Great for landlords.
– Way better price than any nearby 1-bed condos. Only $479/sqft.

LISTING ID: 1124-TOR-CO1