Who’s looking for a profitable property?
Buy rent-ready for $299K and hold, or sell close to $400K with light refresh.
At 1,015 sq ft, this oversized condo is already clean and functional, so you are not dealing with a heavy renovation project. The property also features in-unit laundry, something not every unit in the building has. Paint, a vanity update, and light cosmetic improvements could be enough to reposition it for resale. With no roof, windows or major exterior items to worry about, your renovation costs stay focused and predictable. The building has excellent access to TTC and GoTrain. A spacious layout and minimal work mean flippers, landlords, and end users all have clear value here!
How can you profit?
1) Move In With $100k Instant Equity – End users can buy a 1,015 sq ft move-in ready condo for only $299K while comparable units support value closer to the $400K range. Live in it as is, update gradually, and capture the upside over time.
2) Buy & Hold Rental – Estimated rent for similar 2-bedroom units in this area is $2,450/month based on comparable properties. With the low purchase price and rent-ready condition, this could deliver stable cash flow while the condo appreciates over time.
3) Easy Flip / Wholetail – Buy for $299K and relist after light cosmetic updates. Comparable units support resale around $400K-$406K depending on finishes. Because the unit is already clean and functional, this is a practical setup for a quick turnaround without heavy construction.
4) Realtors: Bring Your Clients – Realtors, this is a clean deal for both investors and budget buyers. Bring your clients a 1,000+ sq ft, 2-bedroom condo at only $299K with tens of thousands in instant equity. Add your desired commission!
SUMMARY:
– LOCATION: Scarborough, ON (Eglinton Ave E & Midland Ave at 20 Gilder Dr)
– PURCHASE PRICE: $299,000 Or Best Offer
– CURRENT MARKET VALUE: Around $400,000 (Buy with $100k instant equity!)
– CLOSING: April 14, 2026 (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 2 beds/1 bath
– PARKING: 1 parking spot
– SQFT: 1,015
– AGE: 1975
– CONDO FEES: $807/month (includes water, heat, cable, common elements but not hydro)
– PROPERTY TAX: $1,071 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Light cosmetic updates such as paint
– Some buyers may want to refresh bathroom vanity, kitchen backsplash or flooring depending on preference
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
GOOD NEWS:
– Oversized 1,015 sq ft layout, with in-unit laundry
– Updates optional, minimal renovation commitment
– Excellent location near TTC and GO Train access
LISTING ID: 0326-SCA-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, Georgia Godfrey & Tobias King
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?