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Are you looking for a flip project with a large spread in a Premium Location in Toronto? This trendy Little Portugal Rowhouse is available to you with a large $350k+ spread - there are smaller condos in the area selling for a lot more than this!
Flip / Buy and Hold / BRRRR / Reno it to the 9s and turn it into your Primary Residence in a trendy neighbourhood - choose your pick with this one and you can’t go wrong at this price point. The fact that it has a Walk Up Basement with its own kitchen and washroom makes it even more attractive for anyone looking for a house with a mortgage helper - a huge plus in today’s market since rent prices in the area are through the roof!
This property needs a full cosmetic reno to get it to today’s standards. There is a lot of potential in this place - the high ceilings make this place feel a lot larger than a townhouse. The property’s Hardwood flooring could be refinished to save costs and keep its Victorian feel. The Furnace and the HWT are also in good working order. The fact that it already has 2 kitchens makes it easier for an investor to renovate the space and market it as a property with an in-law suite. The layout is already ready for you!
Toronto proper has held its value throughout various Real Estate cycles- this property’s prime location, proximity to the core of Downtown Toronto, and the fact that it’s freehold makes this an extremely strong asset to add to your portfolio. For those planning to flip the property, your target buyer would be Young Professionals looking to take advantage of the trendy location!
Get it today at a super discounted price of $922k. With renovated examples going for over $1.3M, there is a large enough spread built in to reap a healthy profit. Now that’s what we call a Profitable Property!
Closing : November 2nd, 2023
***The Seller has the option to remain in the property till 5:00PM on November 30th, 2023. The Buyer’s lawyer will holdback the sum of $50,000 till Vacant Possession is provided to the Buyer***
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