Who’s looking for a profitable property?
This home offers a unique 2-storey, 1,310sf layout that appeals to end-buyers and tenants alike. With comps selling up to $360K and no roof, windows, or exterior maintenance to budget for, you can keep your flip fast and your budget under control! Wall and ceiling coverings in photos are due to a seller-specific sensitivity.
Rent for as much as $3K/mo while the condo fees include building insurance, common elements, water, heat and internet – a huge win for landlords who want simple, predictable finances. The home is close to schools, parks and everyday shopping, with easy access to transit for commuters.
How can you profit?
1) Quick Flip – Buy for $209K, focus on cosmetic updates to kitchen, baths and flooring, and sell for $350K! No exterior renos to manage and no need to splurge on expensive finishes – well-presented homes with modest finishes sell well in this area.
2) Rental Property – Buy for $209K, do a cosmetic refresh of kitchen and baths and rent for as much as $3K/mo! A 3 bed, 1.5 bath layout at 1,310sf is a rare find in a condo and appeals to tenant families. Condo fees covering building insurance, water, heat and internet.
3) Realtors: Bring Your Clients – Don’t let your flippers, landlords or bargain-hunting end users miss this one – 2.5% Co-Op included at $214K!
SUMMARY:
– LOCATION: Scarborough, ON (NW of Lawrence Ave E & Kingston Rd)
– PURCHASE PRICE: $214,000 (includes 2.5%+HST Co-Op)
– DIRECT BUYER PRICE: $209,000 Or Best Offer
– AFTER REPAIR VALUE: $350,000
– CLOSING: November 30, 2026 (assignment sale – seller option to extend, see info package)
– TYPE: 2-Storey Condo Apartment
– BEDS/BATHS: 3 beds / 1.5 baths
– PARKING: 1 parking spot (underground)
– SQFT: 1,310
– AGE: 1976
– PROPERTY TAX: $1,101 (2025)
– POSSESSION: Vacant on closing
– CONDO FEES: $1,458/month (includes heat, internet, water, building insurance, and common elements)
RENOVATIONS NEEDED:
– No known mechanical or structural updates required.
– Cosmetic updates to kitchen, baths and flooring depending on exit path
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 1126-SCA-C01
GOOD NEWS:
– Condo fees include heat, internet, water and insurance – a huge win for predictable landlord finances
– Rare 3 bed, 1.5 bath layout at 1,310sf for a condo
– Underground parking included
– Ensuite laundry
– Limited renovation scope, no exterior to worry about!
– Close to schools, shopping and transit near Lawrence Ave E and Galloway Rd
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tobias King & Georgia Godfrey
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.