PURCHASE A PROPERTY FOR UNDER 300K DOWNTOWN TORONTO!!!! Available

  • $295000
  • 1 baths
PURCHASE A PROPERTY FOR UNDER 300K DOWNTOWN TORONTO!!!!
Wholesale Price of $295,000.00

Or Best Offer!

Bloor & Spadina

Downtown Toronto

Map

PROPERTY INFO
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

(Flexible Closing)

PICTURES & VIDEOS
PROPERTY HIGHLIGHTS
  • Well Maintained Co-Ownership Building
  • A++ Location ( Bloor and Spadina!!)
  • Walking distance to UofT, Spadina subway station, Royal Ontario Museum and many other Toronto landmarks.
  • Bachelor Unit
  • South Facing with a Large Balcony(CN Tower Views!)
  • The monthly maintenance fee of $568.14 includes EVERYTHING!
  • Property Tax included in Maintenance fees
  • VACANT POSSESSION
  • Parking/Locker is Available at an extra fee.
  • Common Laundry on every floor!
PROPERTY RENOVATIONS
  • Cleaning up/Painting
  • Renovating a bathroom and a kitchen (they are both small!)
PRICE
WHOLESALE PRICE: $295,000

OR BEST OFFER

COMPARABLES
720 Spadina – Unit 603
This unit in the same building sold for $382K on May 26th (16 DOM). This is a great apples-to-apples comparison of how the subject property can be renovated.  Similar unit in terms of size, balcony, maintenance fee and everything else. This recently sold comp is a testament to the discount in our deal!
Rental Comparable:

720 Spadina Ave – Unit 1306

Bachelor rented out recently (5 DOM) for $1600/month! This is a unit without parking/locker – great example of what the property can be rented for after a very light cosmetic reno. A+++ location can command premium rent and select high-quality tenants in this area.
PROCESS
If you are interested and serious, please contact Jefin at 647-955-2561 or email profitableproperty10@gmail.com if you have any questions.

We will also consider offers sight unseen!

Please do not go directly to the address.

Realtors, add your commission amount and bring us a buyer!

READY TO MAKE AN OFFER
Text Jefin at – 647-955-2561
  • With the following information:
  • 1) Offer price
  • 2) Deposit amount
  • 3) Name and Email

Address: Greater Toronto Area,
ON L1N 6E2
Phone: (647) 955 2561
Join our Buyers list
Price:
$295000
Address:
720 spadina ave
Toronto
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Apartment

Call (647) 745 4598 for more details

Property Location