DISCOUNTED PROPERTY WHOLESALE IN TORONTO (CANADA)
DISCOUNTED PROPERTY for rental, flip, or to own!
7 Four Winds Drive Unit 11, North York
Excellent opportunity to purchase a discounted condo townhouse very close to the new Finch West subway station opening later this year!
I am a house flipper and real estate investor in the GTA. I purchased this property to flip. I am looking to assign the Purchase Agreement for a profit. This is a good opportunity for a flipper who is looking for investor, a contractor or handyman who wishes to flip a house, or homeowner who wants to buy at a discount.
Since the subway will be coming very close to this unit and opening by the end of 2017, I believe an investor would do very well by renting this unit out (can be rented in current condition with just cleaning) and then renovating and selling next year, as values are sure to increase more than in other areas once the subway actually opens.
This property is approximately 1,700 sqft+Basement:
-3 Storeys plus basement
-4+1 Bedrooms (2 large masters)
-3 Full bathrooms
-Walkout basement
-Large balcony on main floor
-Great ceiling height on every floor including basement, large windows
-Built in the 1970’s
-Taxes: $2,276.80 (2016)
-Close to York University with excellent rental potential
Closing date: July 31, 2017. The property is vacant and could be closed on sooner.
Newer AC. Roof, windows, Furnace, HWT, etc are all maintained by the condo corp. Condo fees include Heat, water, hydro, gas, cable TV, garbage, common elements (including fitness centre with gym, squash courts, pool), building insurance. Condo fees $900/month. 1 underground parking spot included and use of above ground visitor parking.
Kitchen is relatively updated in good condition, basement bathroom in good condition, upstairs bathrooms are mostly original.
For a flip, it needs a new breaker panel and a cosmetic update throughout.
This unit is one of the closest you can get to the new subway station opening in December 2017 (Approximately 100-200 meters, 2 minute walk).
Two recent comparables sold for $555,000 and $560,000. The unit at $560,000 is the exact same layout as this unit.
I flipped the unit sold at $560,000. Here is a 3D tour so you can see what can be done with the property: http://gallery.vrlisting.com/3d-model/23-four-winds-dr/fullscreen/
These units are easier than most to renovate as the structure is simple and solid – poured concrete between the floors, no cheap wood construction. This means that the interior walls are not structural and the main floor can be opened up, and the ceiling is dropped so there is space above it, making it easy to run new wires or add potlights.
Asking price is $439,900.
More information, comparables, and photos can be found here: https://www.dropbox.com/sh/botlfpeh71sv50r/AADFOUKicNtndMEzTzSnVsPNa?dl=0
I believe this is a deal and if nobody wishes to purchase it, I will be flipping it myself.
For details or to make an offer, call, text, or email Luc.
Cell: 647…637…0126
Email: [email protected]
If you wish to join my mailing list for wholesale and discounted properties to find out about new deals as they come up, fill out the form at: http://www.ibuyhousestoronto.ca/investors/