Who’s looking for a profitable property?
How many units can you get in this building? Three? Four? Five?!? Lots of potential to turn this huge Toronto building into several well designed apartments with a commercial storefront.
Convert this canvas to multiple units that fetch between $1500-$2500+ EACH, depending on number of bedrooms. Could you get $8k-$10k/month for this building??
This property is the end unit of the soon-to-open NIA Centre for the Arts. Close to transit and various retailers. 16 min walk and 1.2 km to Eglinton W subway station. 2 km from Corso Italia and 5 km from Yorkdale Mall.
– LOCATION: Toronto/York, ON (Eglinton & Oakwood, close to Allen Rd)
– PURCHASE PRICE: $899,900 Or Best Offer
– MARKET VALUE: A vacant, unfinished triplex under renovation sold for $1.15M in January. Other similar properties are listed/sold in the $1.2-$1.9M range. Ask us for comps!
– CLOSING: June 5, 2023 (Some flexibility on closing may be possible. This is an assignment sale.)
– TYPE: Commercial Retail/Office with Residential Unit
– BASEMENT: Unfinished. Dug out for 9 ft ceilings.
– MAIN FLOOR: Storefront with Kitchenette and 1/2 Bath. Towards Rear: 1 Kitchen / 1 Bed + Office / Rear Extension
– SECOND FLOOR: 1 Kitchen / 2 Bed + Den / 1 Bath / Large Extension Added
– THIRD FLOOR: Unfinished. Layout for 1 Kitchen / 1 Bed / 1 Bath / Outdoor Patio
– PARKING: 1 Garage Space, 2 Paved Spaces
– SQFT: Unknown due to third floor addition and large extensions
– LOT: 15′ x 110′
– PROPERTY TAX: Approx $6000/year
– ZONING: CR2(c1;r2*983)
– Some renovations were started, but not much is complete. View the photos and ask us for videos!
– Leaky patio on third floor.
– Some junk and furniture removal.
– Huge upside! Convert this to many profitable units and enjoy the cashflow for years to come.
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…)
Josea Paul, Myra Afidchao, Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors