Who’s looking for a profitable property?
Grab a rare downtown Toronto condo assignment at only 60% of ARV! In the sought-after St. Lawrence neighbourhood (Richmond & Sherbourne), this boutique 11-storey building puts you steps from George Brown College, Moss Park, and the Distillery District, with shops, restaurants, transit, and highways close by.
Enjoy a smoke-free lifestyle with modern comforts: in-suite laundry, A/C, fitness centre, party room, and secure entry. Comparable renovated units here sell in the high $400sāmaking this a steep discount.
The 1-bed, 1-bath unit offers 603 sq ft and comes with major updates already done: HVAC (Dec 2023), fridge/oven/cooktop (2024), and exhaust fan (2024). Just add light cosmetic work and junk removal to unlock full market value.
How can you profit?
1) Easy Wholetail ā Lightly touch up and list in the mid $400s as-is. Some cosmetic renos would get you closer to the $500k range!
2) Move In ā Move in today and enjoy $150k in instant equity. (BONUSā¦Could you sell in a year for big tax-free profit??)
SUMMARY:
– LOCATION: Toronto, ON (311 Richmond St E at Sherbourne St)
– PURCHASE PRICE:Ā $299,900 Or Best Offer. Buy for less than MPAC assessed value!
– AFTER REPAIR VALUE: Nearing $500k. Mid $400s as-is.
– CLOSING:Ā Week of November 11, 2025 (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 1 Bed / 1 Bath
– PARKING: None
– SQFT: 603
– AGE: 2001
– CONDO FEES: $528/month (includes water & heat)
– PROPERTY TAX: $2,189
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Light cosmetic refresh only.
– Some junk and furniture removal.
– Minor smoke smell may need treatment.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Priced below assessed value.
– Move-in ready condition with newer appliances and HVAC.
– Highly walkable location near schools, parks, shops, and Distillery District.
– 1 bedroom units in this building are actively selling in the high $400s.
LISTING ID: 0925-TOR-C01
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Sarah Budden, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Do you want to get notified of these deals before everyone else? PUSH HERE to get notified about these deals as soon as they become available.
PS. Email us today for your info package. Who wants to make money on this one?Ā