|Here is your chance to go back in time and pick up a condo in the very heart of Toronto for $295K!!
No typo here – this bachelor unit at Bloor and Spadina will qualify as your next flip/buy and hold/rental property. With plenty of meat on the bone, you are well protected against any market fluctuations.
The monthly maintenance fee of $568/month covers heat/hydro/air conditioning/Insurance AND Property Taxes!!
This unit is located at 720 Spadina ave – a well-managed Co-Ownership Building. All you need to do to bring this property up to standards with some light cosmetic work. With it being a bachelor unit, the renovation would be very inexpensive to bring it up to the standards of its recent comparables.
Thanks to its amazing location, you can easily rent it out to professionals/students and collect $1600 in rent each month. This building’s management is known to be investor-friendly- there are quite a few rentals in this building. With a purchase price of $295k , this property will have cash flow.
***Since it’s a co-ownership building, you may be required to put 30% down and finance the property with a credit union.***
Closing is July 15th, 2022