How can you profit?
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- Easy Flip: Properties in similar condition are selling around $850k. What would you get with some updates? Buy for $625k, renovate, and sell for $850k+.
- 2-Unit Conversion: High basement ceilings & backyard access allow for an easy separate entrance addition.
- Move In: Looking to enter the Toronto market at an affordable price point? Enjoy some instant equity and update over time to your liking. RealtorsâŠadd on your comp and bring us a buyer.
SUMMARY:
– LOCATION: Scarborough, ON (Sheppard Ave & Neilson Rd)
– NEW REDUCED PURCHASE PRICE:Â $649,900Â $625,000 Or Best Offer. Buy It Now!Â
– AFTER REPAIR / CURRENT MARKET VALUE: Properties in similar condition are selling around $850k. There are no recent sales of renovated properties in the area.
– CLOSING: May 28, 2025 (Or sooner. This is an assignment sale.)
– TYPE: 2 Storey Townhouse
– BEDS/BATHS: 3 Beds/1+1 Baths
– PARKING: 2 driveway spots + 1-car attached garage
– BASEMENT: Mostly unfinished with 1 full bath (7.5â ceilings)
– SQFT: 1,202
– LOT: 20â x 130â
– AGE: 1974
– PROPERTY TAX: $2,689 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates to kitchen, baths, flooring, paint, etc.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Some big-ticket items already updated: Roof (3 years), Upstairs Windows (3 years), Furnace (2015).
– Rare below-market deal: Find another freehold townhouse at this priceâif you can!
– Basement conversion potential: Separate entry access possible via backyard gate.
LISTING ID: 0325-SCA-F02
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and moreâŠ)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Randall Reashore
647-557-5979
www.HouseDealsGTA.ca â Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.