| 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:Â 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:Â 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 :Â 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*** |
