Your chance to buy a CHEAP unit in the $200s in the iconic Merchandise Building. Rare studio apartment with large sunny south balcony (140 sq ft), high 12’ ceilings, and raised ensuite loft. Building boasts amazing amenities including gym, guest suites, party room, and one of the best rooftop common areas in downtown Toronto.
How can you profit?
1) Rent It Out. This is one block away from Toronto Metropolitan University (previously Ryerson). Clean it up with some new flooring and a fresh coat of paint, and rent close to $2000/month. (More updates would fetch even higher rents).
2) Move In. Looking for an affordable option to enter the Toronto market? Move in now and update slowly over time.
3) Realtors, we’ll pay you 2.5%! This price is a no-brainer for a buyer who has been looking in the area.
SUMMARY:
– LOCATION: Toronto, ON (Church St & Dundas St)
– PURCHASE PRICE: $299,900 Or Best Offer. Includes 2.5% Co-op for Realtors.
– AFTER REPAIR VALUE: Nearing $400k. The only bachelor that sold this year was very nicely renovated and sold for $470k.
– CLOSING: October 30, 2024 (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: Studio/1 Bath
– PARKING: None
– SQFT: 548
– AGE: 2000
– CONDO FEES: $555/month incl water
– PROPERTY TAX: $1,946 (2024)
RENOVATIONS NEEDED:
– If you’re renting, keep your costs low with minor cosmetic updates to flooring and paint. The kitchen and bath aren’t modern, but they’re rent-ready.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Location, location, location! Close to Yonge & Dundas and everything downtown Toronto has to offer.
– The low, low price of $299k.
– Ensuite laundry and raise loft
– Large (140 sq ft) balcony
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
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.