Flippers! Are you ready for one of the most lucrative deals we’ve had?
This is a rare opportunity on a 2,700 sqft, 2-storey luxury condo. Units of this size and calibre are rare, let alone as an off-market opportunity. Expected ARV is $3M with top comps selling as high as $4.5M. Now available for $1.49M, flippers have a $1.5M spread with significant additional upside with the right upgrades.
This property is located perfectly between the financial district and the entertainment district. It’s only 300 meters to Union Station, and is a short walk to the Rogers Centre, Scotia Bank Arena, and the waterfront.
The amazing location, coupled with the large sqft, 2 parking spaces, and a condo building with good bones, gives buyers a great foundation!
How can you profit?
1) Full Renovation Flip – For flippers who know how to deliver luxury this unit offers a MASSIVE spread. Once renovated, comparable condos are frequently selling over $3M with top comps selling as high as $4.5M!! That’s a $1.5M spread on the low end with potential to go much higher with the right upgrades!
2) Realtors: Bring Your Buyers – Whether they’re looking to move in with lots of equity, or invest and flip, this is a deal worth putting in front of them. Help your buyers save hundreds of thousands on this purchase! 3.5% co-op included!
3) Move-In With TONS Of Equity – Though dated, this unit is fully livable as is! For buyers looking for lots of space in an incredible location at a great price, this is the one for you! Now is your chance to buy $500K below the MLS price and have tons of instant equity from day one!
SUMMARY:
– LOCATION: Toronto, ON (Front St W & University Ave)
– PURCHASE PRICE: $1,499,000 Or Best Offer (3.5%co-op included for Realtors!)
– AFTER REPAIR VALUE: $3,000,000+ (Top comps selling as high as $4.5M!!!!!!!)
– CLOSING: October 29, 2026 (Flexible if needed. This is an assignment sale.)
– TYPE: 2-Storey Condo Apartment – BEDS/BATHS: 2+3 beds / 2.5 baths
– PARKING: Two underground parking spaces
– SQFT: 2,738
– AGE: 1990
– PROPERTY TAX: $8,725 (2025)
– POSSESSION: Vacant
– CONDO FEES: $2,634/month (includes Water, Power, AC, Gas, Cable and Common elements)
– LAUNDRY: In-suite laundry
RENOVATIONS NEEDED:
– Cosmetic updates throughout
– Consider removing select walls to create a more open concept layout for maximum resale value
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
GOOD NEWS:
– Massive $1.5M+ spread for flippers who know how to deliver luxury
– Rare 2,738 sqft, 2-storey luxury condo layout, not often available at any price
– Two owned parking spaces included
– In-suite laundry already in place
– No major issues with the condo, just dated
– Incredible location; steps to Union station, easy walking distance to the financial district, the entertainment district, the Rogers Center and Scotia Bank Arena, and the waterfront
LISTING ID: 0926-TOR-C01
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
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