This is your chance to get your hands on a deeply discounted 3+2 DETACHED Bungalow with a 2 bedroom basement in-law suite in the Hot Birchcliff neighbourhood of Toronto.
The street in which this property is located is already lined up with many new builds- in fact, half the bungalows in this neighbourhood have been torn down and replaced with new custom homes. A+ location, only an 8-minute walk to the lake. This property will be coming with VACANT possession.
The discounted price, along with multiple exit strategies makes this a perfect investment for any investor looking to get a deal on a Toronto property in a multimillion-dollar neighbourhood and within walking distance to the lake.
How can you profit?
1)Wholetail/Fix & Flip: Remove the junk & give it a cosmetic upgrade to sell for $1.15 million++
2)Buy & Hold: Give the property a minor cosmetic lift and rent out both units.
The 3 bed upstairs should yield $2300+utilities and the 2 bedroom basement apartment should fetch $1700+utilities. At a $960k purchase price, this property will easily cashflow $300+/month after expenses – this is almost impossible to find for a bungalow that’s 25 minutes to the downtown core.
3)House Hack: For young professionals looking to get into the hot TO market, live in one of the rooms and rent the other 4 rooms out to cover your monthly payments. Wait for a few years and sell it to a developer.
Closing is January 31st, 2022.
Property Highlights
- LOCATION!!!!!!
- VACANT POSSESSION!!!!
- Main Floor Unit: 3 beds + 1 Bath + Kitchen + Living area
- Main floor kitchen is in good shape and was upgraded in 2011
- Basement Apartment: 2 beds + 1 bath + Kitchen / Living Area
- Common Area: Laundry + 2 pc washroom
- Total: 5 Bedrooms, 2.5 washrooms
- Parking: 1 front parking pad + Mutual Driveway access
- 25 x 102 Lot
- Stainless steel appliances on the main floor
- Furnace 2011(as per seller)
- Newer Windows
- HWT Rental
- Shared Laundry
- Taxes: ~$3500/year
Property Needs:
- Junk removal
- Minor Cosmetic Upgrades & Finishing/ Flooring repair
- Landscaping to Increase Curb Appeal
Price
WHOLESALE PRICE: $949,000
OR BEST OFFER
Estimated Value: $ 995K
ARV: $1.16 M +
Process
If you are interested and serious, please contact Paul al profitableproperty10@gmail.com if you have any questions.
We will also consider offers sight unseen, but only if you’re 100% certain that you want the property!
Please do not go directly to the address.
Realtors, add your commission amount and bring us a buyer!
Ready to make an offer?
Text Paul or Jeffin
- With the following information:
- 1) Offer price
- 2) Deposit amount
- 3) Name and Email