1.5-Storey Quick Flip or Rental With a Secondary Suite Backing Onto a Ravine in Scarborough!! Assigned

  • $850,000
  • 6 beds
  • 3 baths
  • 1051 sqft
Assigned
Offering the perfect cottage vibe in the bustle of the city, this 1.5-storey brick and siding beauty will have you feeling like you’re in Muskoka in your own backyard!! Featuring 4+2 bedrooms, 3 full bathrooms, a carport, separate entrance to the secondary suite, 2 kitchens, and a sprawling yard backing onto a ravine, this property was built for you to profit. With houses in the area selling well into the millions, this place only needs a little bit of love to join the ranks of its neighbours. Most renovations are already complete, so you get to see it through to the finish line and reap the benefits!! The average detached, 4 bedroom home in the sought after West Hill neighbourhood sells for about $1,200,000 (up 37% over last year), with 5 bedroom properties selling for $1,500,000+!! At only $850,000, you can’t miss your chance to invest in a property that will not only make you profit but, accrue tremendous value year over year!!

We are selling our assignable purchase contract.

Closing is July 2nd, 2021
PROPERTY FEATURES
  • 1.5-storeys (as per old listing)
  • 4+2 bedrooms (4 bedrooms, as per MPAC)
  • 3 full bathrooms (2 full bathrooms, as per MPAC)
    • 4-piece bathroom located on the main floor
    • 4-piece bathroom located on the second floor
    • 3-piece bathroom located in the basement
  • Built in 1952 (renovated in 1990, as per MPAC)
  • Above grade: 1051 sq ft (as per MPAC)
    • First floor: 728 sq ft (as per MPAC)
    • Second floor: 323 sq ft (as per MPAC)
  • Basement area: 728 sq ft (as per MPAC) 
    • Ceiling height of 6.864 ft, and 5.837 ft to duct in hallway to kitchen (Buyer to verify)
    • Laundry room
  • Basement is a secondary suite with:
    • 2 bedrooms
    • 1 bathroom
    • Kitchen
    • Separate entrance at the side of the property
  • Separate entrances:
    • Front door opens up to living/dining room (after entering through the covered porch with door)
    • Sliding doors in the living room open to the back patio
    • Side door opens to a landing, either leading up to the kitchen, or down to the secondary suite
  • Main and top floor were both renovated in 2015 and feature new bathrooms, and new flooring (as per Seller)
  • Flooring is a mix of laminate and tile
    • Laminate flooring was installed in 2015 (as per Seller)
  • All appliances are included
  • 125 AMP breaker panel (as per Seller)
  • HE gas furnace is owned, and was installed in 2020 (as per Seller)
  • HWT is rented, and was installed in 2015 (as per Seller)
  • No central AC
  • Windows were updated in 2015 (as per Seller)
  • Roof was updated in 2015 (as per Seller)
  • Storage shed in yard
  • Backyard area backs onto a ravine
  • Hole in backyard patio should be repaired
  • Insulated throughout, including attic (updated in 2015, as per Seller)
  • On municipal services
  • Carport, with parking for 4+ cars on the driveway
  • Property taxes: ~$2100/year (Buyer to verify)
  • Irregular lot: 37.17 ft X 137 ft (as per MPAC)
  • Zoning: RD (f13.5;a557*471) (as per MPAC)
    • The City of Toronto allows Secondary Suites within the primary dwelling of an RD property (see HERE – 150.10) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updating

 

Please click HERE for more pictures and information.
Price:
$850,000
Address:
Fairwood Cres & Beath St
Scarborough, ON
Square Feet:
1051
Lot Size:
37.17 ft X 137 ft
Bedrooms:
6
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1952

Call 647-370-0820 for more details

Property Location