Who’s looking for a profitable property?
Located in Little Portugal, this Toronto detached has 4 total units. The main floor, is a fully renovated 2-bedroom unit. The 2nd floor is a 2-bedroom unit in rent-ready condition (but not as nice as the main). The 3rd floor is another 2-bedroom unit, this one requires a full cosmetic renovation. The basement is a 1-bedroom unit that also requires a renovation.
Once renovations are complete, landlords can generate up to $11,000 per month in expected rental income! This is a busy, high-demand pocket of Toronto with easy access to transit and shopping. With an ARV of $1,900,000, buyers have a strong $350K spread to handle the necessary upgrades.
Upgrade the remaining two units, and you’ve got a fully tenanted, cash-flowing asset in one of the city’s most in-demand neighbourhoods.
How can you profit?
1) Fix and Flip – Two of your four units are ready to go, so your scope of work and timeline stay tight. Once renovated, comparable properties in this area are selling for $1.9M giving you a $350K spread for a limited-scope project!
2) Buy & Hold – With 4 separate self-contained units in a high-demand central Toronto location, finding quality tenants won’t be a problem. The main floor and second floor units are rent-ready, letting you generate income immediately while you work on the remaining renos. Once updated, the three 2-bed units are expected to rent for $2,500-3,000/m each, and the 1-bed basement unit should rent for $1,800-$2,200/m. That’s a total rental income of over $11,000 a month.
SUMMARY:
– LOCATION: Toronto, ON (College St & Dufferin St)
– PURCHASE PRICE: $1,549,900 Or Best Offer
– AFTER REPAIR VALUE: $1,900,000
– CLOSING: April 28, 2027
– TYPE: 2 3/4 storey detached multiplex
– BEDS/BATHS: 6+1 beds / 4 baths
– PARKING: No parking
– BASEMENT: Finished, full height, separate entrance from the back
– SQFT: 2,204
– LOT: 27′ x 114′
– AGE: 1913
– PROPERTY TAX: $7,888 (2025)
– POSSESSION: Vacant on closing
RENOVATIONS NEEDED:
– Basement unit and third floor unit need cosmetic upgrades throughout.\
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 1126-TOR-F01
GOOD NEWS:
– 2 of 4 units are already rent-ready, including a freshly renovated main floor unit
– Vacant on closing allows you to pick your tenants and get full market rent
– Three 2-bedroom units allows for higher rent than 1-bedroom comps
– Up to $11,000/month in rental income potential
– Located on a quiet road just off College St, close to transit
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.