Who’s looking for a profitable property?
This one is for buyers who can can see the true potential of a property! With a HUGE $500K+ spread, good bones, and location where renovated properties are consistently selling in less than 1 month this deal is built on fundamentals!
This property could be converted back to a single family, and sold as a high-end, luxury item; or double down, and add a 3rd unit in the basement. Most comps are smaller, but despite that, the most recent renovated comp sold in January for $1.8M potentially adding an extra $200K to an already impressive spread!
How can you profit?
1) Full Reno Flip – There are few semi-detached comps in the area with this large a sqft. Most recent sales are significantly smaller. Despite this, renovated properties are regularly selling over $1.6M and the 2 most recent sales were $1.8 and $1.9M!! With an expected $500K+ spread this property offers significant value to the right flipper!
2) House Hackers – Buy low with significant future upside! Renovate over time and let the 2nd (and perhaps 3rd) unit help off set your living expenses.
3) Multi-Unit Conversion – This property is already a legal duplex, and there’s a separate side entrance to the 6.75 ft basement. Upgrade the two existing units and rent each one for $2,700-$3,200/month. Then finish the basement for an extra $1,700-$2,200/month. That’s as much as $8,600 in total monthly rent!
SUMMARY:
– LOCATION: Toronto, ON (King St W & Dufferin St)
– PURCHASE PRICE: $1,099,900 Or Best Offer
– AFTER REPAIR VALUE: $1,600,000 + (The two most recent ARV comps sold for $1.8 and $1.9M!!)
– CLOSING: June 1, 2026 (There is some flexibility , this is an assignment sale.)
– TYPE: Semi-Detached 2½-Storey Home
– BEDS/BATHS: 5 beds/3 baths
– PARKING: No parking
– BASEMENT: Unfinished basement with separate entrance 6.75 ft ceiling height
– SQFT: 2,557
– LOT: 22’ x 98’
– AGE: 1910
– PROPERTY TAX: $6,316 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full cosmetic renovation throughout
– Possible conversion back to single-family home, or conversion into 3 units
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Presently a legal duplex with possible 3-unit conversion
– Fantastic location in desirable neighbourhood where all ARV comps sold in less than 1 month on market
– Beautiful tall ceilings
– Large sqft compared to most comps
– High ARV potential for the right flipper
LISTING ID: 0526-TOR-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, Tobias King & Georgia Godfrey
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?