A great semi-detached, 4 + 2 bedroom in a good neighbourhood for an EASY FLIP. Large backyard, lots of parking, and close to York university & Seneca’s York Campus. Convert the basement into its own unit or there’s even student rental potential here. This family-friendly neighborhood offers a quiet, suburban feel with easy access to city amenities. Schools, public transit options, and major highways (401/400) are all within reach, making commuting a breeze. A great spot for families, students or professionals!
How can you profit?
1) Fix & Flip – An easy flip for any investor. Similar houses are selling in the mid to high $900s if they look good or if they have a basement apartment. The basement is partially finished and has separate entrance already.
2) 2 Unit Conversion – layout is great for adding a second unit. Side entrance and great size already. Renovated uppers are over $3000/month and a 2 bed lower would be over $2000/month
3) Student Rental – After even modest renovations, you could likely get
$1000/rm from York University Students, and plenty of extra street parking in the neighbourhood.
SUMMARY:
– LOCATION: North York, ON (Islington Ave & Steeles Ave)
– PURCHASE PRICE: $749,900 Or Best Offer
– AFTER REPAIR VALUE: Mid to high $900s
– CLOSING: December 30, 2024 (This is an assignment sale.)
– TYPE: 2 Storey Semi Detached Backsplit (4 Level)
– BEDS/BATHS: 4+2 Beds/2 Baths
– PARKING: 4 cars tandem
– BASEMENT: Full height with 2 bedrooms
– SQFT: 1,384
– LOT: 30’ x 120’
– AGE: 1966
– PROPERTY TAX: $3,197/year
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full Cosmetic renovation – dated and worn out, but great bones and layout.
– Add a basement suite to create a legal two-unit apartment
– New windows soon.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– So many ways to profit on this one.
– Even some unrenovated places selling around $900K
– Easy Flip with multiple strategies for renovations.
– Newer roof, furnace and A/C
LISTING ID: 1124-NOR-F01
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
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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