Turn this fixer upper into a stunner for a family (or two!) to love and enjoy! Prime Bendale location. Walk to Scarborough General Hospital, TTC, grocery, banks, etc. Close to new proposed Lawrence subway station. Short drive or transit ride to U of T Scarborough Campus and Centennial College for students or staff. Easy access to 401 for commuters.
How can you profit?
1) Fix & Flip: Buy for $849k, renovate nicely, and sell for a huge profit. A nicely renovated property nearby sold for $1.3 Million recently.
2) 2 Unit Conversion: The basement already has a separate entrance, full bath, 1 bedroom, and a wet bar. Easily convert to an apartment and rent it out, sell it to an end user who would be attracted to the income potential, or keep it and enjoy the mortgage helper!
3) New Toronto Rules! Can You Build a 4-Plex? Toronto now has a blanket zoning rider on ALL single family lands in the city. You can now apply for a building permit to construct up to 4 units on a three-storey structure without applying for change of use. No public hearing! No long waits! Neighbours can’t object! If this strategy piques your interest, call us to discuss opportunities on this and other Toronto properties.
SUMMARY:
– LOCATION: Scarborough, ON (Brimley & Lawrence)
– PURCHASE PRICE: $849,900 Or Best Offer
– AFTER REPAIR VALUE: At least $1.1-$1.2M. Most comps in that range are not renovated nicely. But a beautiful reno fetched $1.3M this summer!
– CLOSING: February 6-March 6, 2024 (Seller’s choice. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+1 Beds/1+1 Baths
– PARKING: 4 Driveway Spaces, 1 Detached Garage Space
– BASEMENT: Separate Entrance. Finished with 1 Bedroom, Wet Bar and Full Bath
– SQFT: 1083
– LOT: 41’ x 126’
– AGE: 1954
– PROPERTY TAX: Approx $3700/year
RENOVATIONS NEEDED:
– Cosmetic renos to kitchen, baths, flooring, paint
– Leak in kitchen causing paint to peel
– Some windows need replacing
– Rent an ozone machine to remediate smoke smell
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Easy conversion to 2 units. Bathroom, wet bar and bedroom already exist! Just make it pretty.
– Prime Scarborough location with numerous great comps this year.
– New roof 2021
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,
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.