Cheapest Condo Townhouse in Downtown Toronto. Must sell this weekend!
Where else can you find this price/sqft in downtown Toronto? ($726/sqft) Not many places! Very unique ground floor “loft” condo…it’s technically a condo townhouse. This unit is in the interior courtyard…doesn’t even feel like you’re downtown. Nestled between the AGO and Nathan Phillips Square. Close to TTC, OCAD, U of T & TMU (Ryerson), and hospitals.
Some updates already done (like new flooring and paint). Owner will consider a VTB at 7% with $250k+ down.
How can you profit?
1) Long Term Rental. It’ll cash flow or break even if you put down 50% and take the seller’s VTB. Or…
2) Consider turning this into a beautiful AirBnB in the heart of downtown Toronto! Visit Airbnb.ca for comps…you’ll likely turn $250-$450/night depending on time of year.
2) Move In. Buy with equity and make money when you buy!
SUMMARY:
– LOCATION: Toronto, ON (University Ave between Queen St & Dundas)
– BUY IT NOW! PURCHASE PRICE: $549,900 (Not holding offers)
– AFTER REPAIR VALUE: $600k-$650k
– CLOSING: November 29, 2023 (Closing may be flexible. Tell us what you need. This is an assignment sale.)
– TYPE: Condo townhouse
– BEDS/BATHS: 1 Bed/1 Bath
– PARKING: Permit street parking or rent underground
– LOCKER: Yes
– SQFT: 757
– AGE: 1999
– CONDO FEES: All utilities, internet and TV included! $900/month
– PROPERTY TAX: $2738 in 2023
RENOVATIONS NEEDED:
– Move in/rent as-is and update later. Or cosmetic updates as you see fit.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Location, location, location!
– Only $726/sqft
– 200 sqft patio with west exposure. BBQs are ok!
– The HUGE option for VTB
Please let us know if you want to view it or if you want us to email you the info package. (Status certificate, MPAC info, and more…)
Thank you,
Josea Paul, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.