Who’s looking for a profitable property?
You get a big discount on a newer condo in Toronto. No renos needed. 5-star amenities including a pool, sauna, gym, party room, guest suites, visitor parking, and 24-hour security. Secure a 1 bed condo in North York near Downsview Park, Yorkdale Mall, TTC subway, Hwy 401, schools, and everyday amenities. This 2012 building offers comfortable living, strong rental demand, and low maintenance ownership. With no roof, windows or major exterior items to worry about, your renovation costs stay focused and predictable. This unit is clean, functional, and already occupied by a great tenant who pays on time and treats the home with care. For landlords looking for a steady, headache free hold in a prime transit corridor, this one checks the boxes.
How can you profit?
1) Buy and Hold Rental – Already rented at $1,955 per month with a good long-term tenant who pays on time. Lease is now month to month. Would you rather buy with $100,000+ equity or would you rather make $100/month cashflow? Have your eyes out for making bigger profits.
2) Easy Wholetail – After the teants move you can do a light cleanup and touch-up if desired and sell closer to the sales in the high $400s and over $500k. Condos in this pocket sell based on location and transit, not perfection.
3) Move In with Equity – For end users comfortable waiting for vacant possession in the future, you are buying below market with instant equity in a high demand North York community.
SUMMARY:
– LOCATION: Downsview in North York, ON (Sheppard Ave W & Allen Rd)
– PURCHASE PRICE: $349,000 Or Best Offer
– AS-IS VALUE: Mid $400s
– AFTER REPAIR VALUE: High $400s with some similar sales over $500k
– CLOSING: January 26, 2026 but a bit flexible (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 1 bed/1 bath
– PARKING: 1 space
– BASEMENT: None
– SQFT: 595
– AGE: 2012
– CONDO FEES: $449 (includes water, heat, maintenance of amenities and communal areas)
– PROPERTY TAX: $2,232 (2025)
– POSSESSION: Tenanted, assuming tenant at $1,955 per month
RENOVATIONS NEEDED:
– Nothing needed. The tenants are living there and like it as it is.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Already rented to a good long-term tenant who pays on time and treats the unit well.
– Excellent North York location near TTC subway, Hwy 401, Downsview Park, schools, Yorkdale, and everyday amenities.
– 2012 building with modern systems and low maintenance needs.
– Perfect for a landlord seeking stable income without renovation headaches.
– Awesome price for a newer Toronto condo!
LISTING ID: 1225-NOR-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, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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PS. Email us today for your info package. Who wants to make money on this one?