Who’s looking for a profitable property?
This condo apartment is brimming with potential. With a bit of TLC in the form of cosmetic upgrades to the kitchen, bathrooms, flooring, and a fresh coat of paint, you can transform this diamond in the rough into a profit-generating gem. 24 hour concierge, indoor/outdoor pools, gym, tennis court, and ample visitor parking. Minutes to 401, GO Station, and Scarborough Town Centre. Steps to TTC and future Sheppard LRT.
Buy for $549k, update cosmetically, and sell in the high $600s. It’s got TWO parking spots!
SUMMARY:
– LOCATION: Scarborough, ON (4725 Sheppard Ave E at McCowan)
– PURCHASE PRICE: $549,900 Or Best Offer
– AFTER REPAIR VALUE: Nearing $700k (high $600s)
– CLOSING: September 29, 2023 (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 2 Beds/2 Baths
– PARKING: 2 Indoor
– SQFT: 1400 sq. ft.
– AGE: 1988
– CONDO FEES: $706/month (includes water)
– PROPERTY TAX: Approx $1630/year
RENOVATIONS NEEDED:
– Cosmetic updates to kitchen, flooring, paint.
– Bathrooms need the most attention. Full update required.
– Some drywall/ceiling repair needed.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– 2 parking spots!
– It’s a condo…No big ticket items to budget for.
– Unit has been mostly emptied out since photos were taken.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Myra Afidchao, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.