💰💰💰400k+ Spread – Profitable Flip in a Prime Area🔥🔥🔥 Available

  • $850900
  • 3 beds
  • 2 baths
  • 1243 sqft
💰💰💰400k+ Spread – Profitable Flip in a Prime Area🔥🔥🔥

*↓Click on the photo below for Photos & Videos↓*

PRICE: $850,900

(Assignment Fee Included)

***Danforth Ave & Coxwell Ave***

Toronto, ON

Map

PROPERTY INFO
Profitable Property is proud to present another deal in one of the most sought after locations in Toronto- this Semi Detached fixer upper is located on the Danforth, and is waiting for an Investor to bring it to modern standards.

Location:  You couldn’t have asked for a more prime location in the city- this is 20 minutes from the downtown core, a quick walk to Danforth Ave, and steps to the Greenwood Subway Station.

Multiple Exit Strategies: Flip / Buy and Hold / 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 Value: This is a Semi Detached House that is available to you with a $450k+ spread to ARV. Not a single comparable property has sold on the same street at our price point in the last 5 years! There are plenty of dated Semis in the area that sell for over $1 million.

Scope of Work: This property is a full fixer upper – needs a full cosmetic reno along with Electrical, Plumbing and HVAC updates. There is a lot of potential in this place – the high ceilings make this place feel a lot larger than a semi. The roof was done about 10 years ago.

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 its freehold makes this an extremely strong asset to add to your portfolio.

Get it today at a super discounted price of $850K. With unrenovated examples going for over $1M, there is a significant discount and large enough spread built in to reap a healthy profit. Now that’s what we call a Profitable Property!

Closing : July 2nd, 2024

***The Seller has the option to remain in the property till 5:00PM on September 10th, 2024. The Buyer’s lawyer will hold back the sum of $50,000 till Vacant Possession is provided to the Buyer***

PHOTOS & VIDEOS
PROPERTY HIGHLIGHTS
  • A+ Toronto Location(South of Danforth Ave)
  • 2 Storey Semi Detached House
  • 1243 sq.ft.(above grade)
  • 3 Bedrooms
  • 2 Washrooms
  • 17.5 ft x 100 ft lot
  • Year built: 1920
  • Rear Entrance to Basement
  • Laundry in Basement
  • Roof was replaced ~10 years ago
  • Fuse Panel
  • HWT rental
  • Taxes: $4,806.74/year(approx)
RECOMMENDED RENOVATIONS
Full Cosmetic Update, Update Electrical, Junk Removal, Clean Up
PRICE
PRICE: $850,900

(Assignment Fee Included)

ARV COMPARABLE
126 Felstead Ave sold for $1,475,000 on February 2nd, 2024

This semi is similar to our property in terms of its overall size but it sits on a slightly smaller lot. It was fully renovated with contemporary finishes throughout, and the basement was fully finished. This is a great property to refer to for finishes. It sold for $1.475m in February- that’s a whopping $625k spread to ARV!

UNRENOVATED COMPARABLES

93 Monarch Park Ave sold for $1,207,925 on April 30th, 2024

This property is similar to our property in terms of its overall footprint and layout. However, it does have a finished basement. Please take note that this property is fully dated with carpet and old finishes. It was marketed well and sold recently for $1.207m – That’s a $350k+ spread from our price point for a non renovated property!

191 Parkmount Rd sold for $1,030,000 on February 28th, 2024

Same street as our property and the exact amount of bedrooms and bathrooms. This property was fully dated and needed a full renovation to be brought to modern standards. It still sold for $1.03 million- that’s $180k over our price point!

Price:
$850900
Address:
toronto
toronto, ON
Square Feet:
1243
Lot Size:
17.5 x 100
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1920
Basement:
Unfinished

Call (647) 955 2561 for more details

Property Location

Call Us!
(647) 955 2561