Here’s a hot opportunity in Toronto. You can profit by using this as a rental or flipping this house.
This is an AMAZING price for a detached good-sized house, with big backyard, parking, and in the Upper Beaches neighbourhood.
In the MPAC report the Property Code & Description is: 333-Residential property with three self-contained units. This can help get bank financing. But this triplex is not up to building code… like many 3 and 4 unit properties in Toronto.
ASSIGNMENT: We’re happy to assign this contract to a serious buyer.
JOINT VENTURE: We are open to joint venturing with someone with a proven track record in renovations and construction.
– LOCATION: Woodbine Ave & Kingston Rd, Toronto (Upper Beaches)
– PURCHASE PRICE: $959,900 Or Best Offer
– AFTER REPAIR VALUE: We wouldn’t be shocked if it sells over $1.4 or $1.5 Million after you make it beautiful. As either a single-family home or 3-unit.
– CLOSING: Feb. 02, 2021 (This is an assignment sale.)
– TYPE: Detached, 2 storey
– BEDS/BATHS: Upper is 2-bed, Main is 2-bed, Lower is 1-bed (3 Baths)
– PARKING: space for two cars in front. Has license for only 1 spot.
– BASEMENT: separate apartment with back entrance.
– LOT: 25′ x 110′
– AGE: 1900 Built
– SQFT: 1713 sqft
– TENANTS: Vacant possession will be given. Tenants have signed N11s to move by end of January.
RENOVATIONS NEEDED: It’s an old house and finishings are basic. Please take a look at the pictures and videos. There’s so much potential here. What’s your vision?
– There are many ways to make money with this property.
– It’s a low price for this area given the size of house and lot size and parking.
Viewings will be extremely limited. Please let us know if you want to view it or if you want us to get you details. (Videos, Comparable sales, MPAC info, and more…)
Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors