Who wants to buy for $938k, reno, then sell for $1.4+ Million?
Where else in downtown Toronto can you buy a property with so many features for so little? A deep lot, with detached garage, laneway/garden suite potential, balcony, rooftop patio, basement apartment.
Walking distance to Little Italy, Kensington Market, Chinatown, and Trinity Bellwoods Park. Easy transit access on every corner!
The neighbour recently demolished their house and is building. Good news: this house will get new siding for FREE and become semi-detached!
HOW YOU CAN PROFIT:
-Fix & Flip: Buy for $938,800, renovate, and sell for $1.4M+.
-Your New Home: get into a hot Toronto neighborhood for under a million bucks.
-Rent It Out:
- U of T is close by! 6 bedroom student rental? $6000+ income.
- Nearby 3 bedroom units are leasing between $3500-$4500 EACH.
2 Units = $7000-$8000+ income. - Adding laneway suite? 3 Units = $10,000-$12,000+ income
SUMMARY:
– LOCATION: Trinity-Bellwoods, Toronto (Dundas & Bathurst)
– REDUCED PURCHASE PRICE: $938,800 Or Best Offer. First Come, First Served!
– AFTER REPAIR VALUE: Around $1.4M based on comparables. Maybe more due to bigger lot, garage, parking, and laneway suite potential.
– CLOSING: Dec 20, 2022 – Feb 20, 2023 (This is an assignment sale.)
– TYPE: 1 3/4 Storey, townhouse (turning into a semi soon!)
– BEDS/BATHS: 4+2 Beds/1+1 Baths
– LANEWAY: 1 Outdoor Parking Space Plus Garage. Potential for laneway suite.
– PARKING: 2 spots. 1 laneway spot + Detached 1-Car Garage with “attic” storage. Extra rental income? Build an apartment on top? You decide!
– BASEMENT: 2 Bedroom Apartment (not legal). Backyard walkup.
– SQFT: 1000+ sq. ft. with addition
– LOT: 13′ x 129′ (narrow but DEEP lot)
– AGE: 1890
– PROPERTY TAX: Approx $5600
RENOVATIONS NEEDED:
– Mostly rent-ready (dated but very livable as-is). Come see…shows better in person than in pictures!
– Basement bathroom NEEDS renos. Roof may need attention soon.
– Possibly convert the 4th bedroom on main floor to living space instead.
– Some junk and furniture removal.
PICTURES are here: https://www.housedealsgta.ca/property/toronto-fixer-upper-houses/
GOOD NEWS:
– HOT Location!!
– One bedroom has a balcony and one has a roof-top patio.
– Windows and sliding doors under 10 years old.
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,
Aaron Moore, Tomomi Wang & Josea Paul
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.