Who’s looking for a profitable flip in Toronto?
This house needs a lot of work, but the price is super cheap for Toronto’s Corso Italia neighbourhood.
- Need Financing?
Calvert Home Mortgage is awesome for financing fixer uppers and has the ability to finance most of the wholesale price, INCLUDING the assignment fee. Also, they can fund in 24 hours.
- 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! No lender legal fee! Fully open! More info is here: https://chmic.ca/flip-or-rehab/
- 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.
– LOCATION: Toronto (Caledonia & St Clair – Corso Italia area)
– PURCHASE PRICE: $659,900 Or Best Offer
– AFTER REPAIR VALUE: mid-high $800s and maybe over $900k. If it didn’t back onto train tracks it’d probably sell over $1 million when made beautiful.
– CLOSING: May 28, 2021 (This is an assignment sale.)
– TYPE: Semi-Detached, 2 Storey
– BEDS/BATHS: 3 + 1 Bed/2 Bath
– KITCHENS: 2 (A bedroom upstairs is being used as a kitchen, but most people would want it as a bedroom.)
– PARKING: 2 spaces. 1 in garage. 1 on driveway.
– BASEMENT: Unfinished basement
– SQFT: 1362 sqft
– LOT: 25′ x 84′
– AGE: 1913
– Backs onto GO train Newmarket track
– PROPERTY TAX: $3,184.43
– The house is in rough shape and needs a lot of work.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
– The price is extremely cheap for this area. It’s hard to find anything in the $800s, let alone $600s!
Please let us know if you want to view it or if you want us to get you details. (Comparable sales, MPAC info, and more…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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