Discounted Detached Non-Conforming Duplex In Toronto (Caledonia-Fairbank)!
VACANT POSSESSION
$90K+ Under Market Value!!
Woodcroft Cres
Toronto, ON
WHOLESALE PRICE OF $789,000 OBO
BY October 13th, 2021, 8:00PM
MAP HERE
One of the lowest priced 1.5 Storey Detached homes in Toronto. Excellent Investment Opportunity on a quiet, child-safe cul-de-sac. Property features 2+1 Bedrooms, 2 Kitchens and 2 Full Bathrooms with a Private Separate Front Entrance to the 2nd non-conforming unit.
The property is located in the family friendly neighbourhood of Caledonia-Fairbank, minutes from St Clair West Village and Dufferin & Eglinton. Less than 1.5km away from Allen Road and the Eglinton West Subway Station. The property is located next to multiple newly built homes, which offers a great potential exit strategy for the buyer.
We are selling our assignable contract for this purchase.
Closing: November 30, 2021
SUMMARY & FEATURES
- Main Unit features a kitchen, full bathroom, living room, and 1 bedroom on the ground floor, with a 2nd bedroom and large storage space on the 2nd floor.
- Basement Unit features a front door separate walk-out, kitchen, full bathroom, and a living room with a joined bedroom. Current owner states that basement unit can be rented for up to $1,300, after a light cosmetic update.
- Above Grade – 929 sq ft (as per MPAC)
- Finished Basement – 669 sq ft
- All appliances included
- Forced Air/Gas Heating, Central A/C
- Concrete/Stone Exterior
- 1 Private Parking Space
- Lot Size: 25 ft x 85 ft
- Zoning: Residential (RM)
- House is currently de-cluttered and vacant
PROPERTY STRATEGIES
- Rent the house fully to 2 separate tenants and keep for long term. We believe the property could be rented out for $3000-3500 per month with simply cleaning
- Flip: The property can be sold in the range of $950K – $1.05M after renovation
- Tear Down and build new custom home: Given that the direct neighbour is listing their newly built home for approximately 2 million, this is another exit strategy for the buyer. The street currently has 3 newly built homes.
NEXT STEPS
Please let us know if you want to view the property or if you require any more details and information.
- Wholesale Price: $789,000 OBO
- Property Viewing: Available Today or Tomorrow, Upon Request
- Offer Deadline: Wednesday, October 13th, 2021, 8:00PM
- Closing Date: November 30, 2021
- Please call us at 647-905-9222 anytime OR Email us at info@nextbrickrealty.com
COMPARABLES:
We believe our property is worth $880,000 As-Is. We believe with some tasteful cosmetic renovation, and an exterior cleanup/landscaping to improve the curb appeal, the ARV on this property can be $1,000,000+. Alternatively, rent out the property for the long-term with positive cash flow.
22 Bloem Ave: Sold in Aug 2021, for $850,000 (16 DOM). 2+1 Bdrm, 2 Bath house.
498 Westmount Ave: Sold in Oct 2021, for $940,000 (7 DOM). 2 Bdrm, 2 Bath house.
104 Ennerdale Rd: Sold in Jul 2021, for $955,000 (9 DOM). 2+1 Bdrm, 2 Bath house.
WE MAKE THE OFFER PROCESS SIMPLE AND EASY TO UNDERSTAND.
If you decide you would like to purchase the property, please let us know – send in your offer & deposit amount, along with your name and contact details. If accepted, we will prepare and send the contract to you.
Please do not go directly to the address.
FINANCING OPTIONS:
Financing options are available for the assignment fee and for the purchase, with competitive pricing and terms. Please let us know if you are interested in this and we can provide further details.