Who’s looking for a profitable property?
This is one of the biggest semis in the neighbourhood! At 1,760 sqft, you’ve got at least 20% more sqft than most comps in the area. The last 2-unit ARV this size sold last May for over 1.7M!!! Even with a decrease in the market since then, this property has the potential for a BIG spread.
This might be the easiest basement conversion we’ve ever had. The current owners have already underpinned, added separate walkup entrances (plural), roughed in the kitchen, bathroom and 2-bedroom layout, and drywalled! All that’s left is to paint and pick your finishes.
East Danforth is a high demand area where most properties are selling fast. This is your chance to get a unique property that’s larger than most comps and will stand out from the crowd when it’s time to relist!
How can you profit?
1) Easy Flip – The basement is mostly done! Finish it off as a proper 2-unit, do some cosmetic upgrades to the main floor and resell into a neighbourhood where most properties are selling fast. Big ticket items are already dealt with so project scope will be manageable!
2) 2-Unit Conversion / House Hack – The 2-unit conversion is already well underway! The basement has 2 separate entrances, has already been underpinned to give 7.5ft ceiling height throughout, rough in for kitchen, bathroom and 2 bedrooms. All you have to do is pick the finishes! Estimated rents after updates could land around $3,000-$3,500/month for the main/upper portion and $2,000-$2,300/month for the basement, giving a total rent range of $5,000-$5,800/month.
3) Realtors – Help your buyers get a property in East York with tons of potential! End users can use the basement income to offset living costs, or use it for extended family! For your contractors and investors this is an easy project. Add your desired commission.
SUMMARY:
– LOCATION: Toronto, ON (Danforth Ave & Coxwell Ave)
– PURCHASE PRICE: $ 1,099,900 Or Best Offer
– AFTER REPAIR VALUE: $1,500,000+
– CLOSING: July 31, 2026 (There can be some flexibility if needed. This is an assignment sale.)
– TYPE: 2 Storey Semi Detached
– BEDS/BATHS: 3 beds/2 baths (+ basement rough in for 2 additional beds and extra full bath)
– PARKING: Mutual shared driveway, 1 parking spot
– BASEMENT: In process as 2nd unit (2 separate entrances, recently underpinned to 7.5ft ceiling height)
– SQFT: 1,760 (There are “VERY few comps this big! Most semis in the area are less than 1400sqft, that’s 20% smaller)
– LOT: 20’ x 122’
– AGE:1922
– PROPERTY TAX: $7,714
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates to the main floor as desired
– Finish basement 2-unit conversion
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– One of the biggest Semi’s in the area.
– Same-street 2-unit comp sold over $1.7M in less than 1 month!
– Good bones, and big ticket items are already dealt with (roof under 8 years, windows under 8 years, furnace 2025, tankless HWT 2025, and AC under 5 years)
– 2 separate basement entrances and 2-unit conversion is half done.
– Basement already dug out with approx. 7.5 ft ceiling height.
LISTING ID: 0526-TOR-F06
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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