MUST SELL IN 48, Sight unseen offers are highly preferred. Builders, renovators and investors! Can you build a 4 plex + garden suite and access CMHC funding for a PERFECT BRRRR on this property? Or just sell once complete. Perhaps you sever this large lot and build 2 new luxury homes on each. Many options here for a discerning investor with this 42’ x 132’ lot so close to the Humber Valley. Situated close to great schools, parks, public transit (TTC, new Mount Dennis LRT station & up.) HUGE Opportunity: this prime double lot makes a great way to have multiple exits. CLOSE FAST and win big with a BRRRR or Flip.
How can you profit?
BRRRR: Potential rent for 5 units would be approx. $16,750/month – 4 x 3 Beds units at $3,250 each and another Garden Suite w/ 4 Beds for $3,750, for. A PERFECT BRRRR in Toronto, what?!?!
FLIP: Flip by severing and building 2 new homes and sell them each for over 1.5M each. Savvy investors have recently done just that! Build on one and sell one! The highest/best use for this property may be to build a 4 plex plus laneway and have an ARV of $3.1M – $3.4M. However, you could simply renovate and live-in or rent the existing home.
SUMMARY:
– LOCATION: Toronto, ON (Jane St & Lambton Ave)
– PURCHASE PRICE: $995,000 Or Best Offer. Offers welcome anytime due to fast close!
– AFTER REPAIR VALUE: over $3M depending on which strategy you choose
– FAST CLOSING: December 16, 2024 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 Bed/1 Bath
– PARKING: 6 cars in tandem
– BASEMENT: Unfinished
– SQFT: Approx 1500-1800
– LOT: 42’ x 132’
– AGE: 1914
– POSSESSION: Dec. 16, 2024 but possibly FLEXIBLE
RENOVATIONS NEEDED:
– Full tear down: Let your imagination loose on this one and pick your strategy.
– Existing home needs full reno if you go that route, but the value is in this lot potential.
– Junk and furniture removal. There’s been some hoarding going on.
– Please view the exterior pictures; interior nis a full gut.
GOOD NEWS:
– Fast close for all of you Builders and Flippers.
– Huge profit potential for those with skill and capital.
– Buy it now! Sight unseen offers welcome due to fast close. Less competition for you than usual! But if you need to see it first, let us know.
LISTING ID: 1124-YOR-F01
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.