Who wants a couple exit strategies these days?
Humber River, parks, and walking trails are only a few minutes away from this 3-plus-bonus-bedroom townhouse. It’s move in ready, but there’s still lots of potential to make it modern and fancy. Close to schools (including Humber College), transit and Hwys 401/400.
How can you profit?
1) Buy for $509,900, do some cosmetic updates, and FLIP for a profit. A similar unit sold for $660k in May! (And no photos were on the listing, so it probably wasn’t in superb shape.)
2) Keep it as a RENTAL as a backup plan, in case you want to wait for the market to pick up before reselling. It’s close to Humber College and would still be a profitable rental at this price point.
3) MOVE IN now and save any updates for down the road. Purchase your new family home at a discount, and renovate slowly to your liking.
– LOCATION: Etobicoke, ON (Albion & Elmhurst)
– PURCHASE PRICE: $509,900 Or Best Offer
– AFTER REPAIR VALUE: Lots of sales in the $600s throughout 2021, and a similar unit sold for $660k a month ago.
– CLOSING: July 21, 2022 (This is an assignment sale.)
– TYPE: 3 Storey Condo Townhouse
– BEDS/BATHS: 3+1 Beds/1.5 Baths
– PARKING: 1 Car Garage Plus 1 Driveway Space
– BASEMENT: Kind of! Come and see. All 3 levels are above grade.
– SQFT: 1152 sq. ft.
– AGE: 1965
– CONDO FEES: $730/month including water and cable TV
– PROPERTY TAX: Approx $1430/year
– Cosmetic updates to kitchen, baths, flooring.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
– It’s a condo, so you don’t have to worry about replacing roof, windows, etc. Keep your dollars on the inside.
– Great location close to Humber River!
– Private back yard with deck…great for kids or pets.
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…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Do you want to get notified of these deals before everyone else? PUSH HERE to get notified about these deals as soon as they become available.