🔥Downtown Toronto Freehold Townhouse – $350k+ Spread đź’°
***Dundas St. W & Brock Ave*** Little Portugal , Toronto
Wholesale Price: $922,000 (Assignment Fee Included)
Photos/Videos:Â
https://drive.google.com/drive/folders/1NqHUy8k57laP1oUrEogVXd4Qst_2OtP-
FULL BUYER’S PACKAGE: https://conta.cc/3t7zDj5
Are you looking for a flip project with a large spread in a Premium Location in Toronto? This trendy Little Portugal Rowhouse is available to you with a large $350k+ spread – there are smaller condos in the areas selling for a lot more than this!Â
Flip / Buy and Hold / BRRRR / Reno it to the 9s and turn it into your Primary Residence in a trendy neighbourhood – choose your pick with this one and you can’t go wrong at this price point. The fact that it has a Walk Up Basement with its own kitchen and washroom makes it even more attractive for anyone looking for a house with a mortgage helper – a huge plus in today’s market since rent prices in the area are through the roof!
This property needs a full cosmetic reno to get it to today’s standards. There is a lot of potential in this place – the high ceilings make this place feel a lot larger than a townhouse. The property’s Hardwood flooring could be refinished to save costs and keep its Victorian feel. The Furnace and the HWT are also in good working order. The fact that it already has 2 kitchens makes it easier for an investor to renovate the space and market it as a property with an in-law suite. The layout is already ready for you!Â
Toronto proper has held its value throughout various Real Estate cycles- this property’s prime location, proximity to the core of Downtown Toronto, and the fact that it’s freehold makes this an extremely strong asset to add to your portfolio. For those planning to flip the property, your target buyer would be Young Professionals looking to take advantage of the trendy location!
Get it today at a super discounted price of $922k. With renovated examples going for over $1.3M, there is a large enough spread built in to reap a healthy profit. Now that’s what we call a Profitable Property!
Closing : November 2nd, 2023
***The Seller has the option to remain in the property till 5:00PM on November 30th, 2023. The Buyer’s lawyer will holdback the sum of $50,000 till Vacant Possession is provided to the Buyer***
Property Highlights:
- A+ Downtown Toronto Location (Dundas St.W)Â
- Freehold Townhouse/Rowhouse
- Steps to TTC(Streetcar and Subway)
- 2 Storey Freehold TownHouse
- 3 Bedrooms
- 2 Full Washrooms
- 2 Full Kitchens
- 15.5 x 59.0 ft lot
- Walk Up Basement with Separate Entrance
- 7”+ feet ceilings in the Basement
- Laundry in Basement
- 100 AMP Breaker Panel
- Roof was serviced in 2022.
- Furnace is 7 Years Old(Owned)
- HWT rental
- Taxes: $3,851.07/year(approx)
- Year Built: 1910
Suggested Renos:Â
Full Cosmetic Update, Turn Basement into a Bachelor Suite(already has a Kitchen and Washroom)
Comparables:Â
- 360 Lansdowne Ave sold for $1,413,000 on August 3rd, 2023Â
https://housesigma.com/web/en/house/nM697kV4oobybmwe/360-Lansdowne-Ave-Toronto-M6H3Y3-C6685974
This freehold townhouse has one extra powder room and a parking space(no garage). It was renovated nicely with some high quality finishes and staged very well. It sold for $1.41m last month – that is about half a million dollars over our price point!
- 132 Lindsey Ave sold for $1,320,999 on July 17th, 2023
https://housesigma.com/web/en/house/J6Em7b2aD1L7XBeq/132-Lindsey-Ave-Toronto-M6H1E6-C6658380
This Freehold Townhouse is very similar to our property in terms of overall size. It has an updated main floor and upstairs. However, this property does not have a finished basement. It still sold for a whopping $1.32m on July 17th(after the last rate hike). That’s almost a $400k spread from our price point!
3) 122 Harrison St sold for $1,370,000 on July 14th, 2023
https://housesigma.com/web/en/house/Vwod7vKQ8op35mGN/122-Harrison-St-Toronto-M6J2A3-C6650848
This property has one less Bedroom and one less bathroom than our property. It was fully renovated with modern finishes and was marketed well. It sold for $1.37m -that’s $400k+ over our price point!
Map Link: https://goo.gl/maps/Zmw8NBGnLNPKYH826