Condo Townhouse Flip or Rental Opportunity in Morningside Area of Scarborough!! Assigned

  • $750,000
  • 3 beds
  • 2 baths
  • 1200 sqft
Assigned
Quick, easy profit — it’s as simple as that!! With similar units selling for $900,000 with only minor updates completed, this 3 bedroom, 2 bathroom condo townhome with a 1-car, attached garage is begging for you to invest!! Boasting a backyard with mature trees for privacy, updated flooring in living room, AC, HWT and gas furnace, this property has mass profit potential. The location of this condo townhome is ideal; only a short drive from the 401, shopping, schools, parks, and all other amenities, you truly won’t find a better deal than this in the area. Wholetail, flip or rent for immediate and/or long term income. At only $750,000 with market values continually rising month-over-month and continued low inventory, you truly can’t go wrong with this investment!!

We are selling our assignable purchase contract.

Closing is March 30th, 2022

PROPERTY FEATURES
  • 3 bedrooms
  • 2 bathrooms
    • 4-piece bathroom located on the second floor
    • 2-piece bathroom located on the main floor
      • This bathroom has enough space to become a 3-piece, if desired (Buyer to verify)
  • Built in 1968 (as per MPAC)
  • Above grade: 1200 sq ft (as per MPAC)
  • Fully finished basement: 600 sq ft (as per MPAC)
    • Front door is above grade but is considered to be part of the basement (as per MPAC)
  • Separate entrances:
    • Front door opens to main entrance
    • Sliding doors in living room open directly to backyard
  • Flooring: laminate, tile, hardwood
    • Original 1 inch hardwood top floor (as per Seller)
    • Living room flooring was updated 5-years-ago (as per Seller) 
  • 100 AMP breaker panel (updated 3-years-ago, as per Seller)
  • Gas furnace is owned, installed approximately 6-years-old (as per Seller)
  • HWT is owned, and was installed approximately 6-years-ago (as per Seller)
  • Central AC is owned, and is paid off monthly at a rate of $170/month, tax included (as per Seller)
  • Windows were updated approximately 11-years-ago (as per Seller)
  • Roof was updated 3-years-ago (as per Seller)
  • Large private yard area with mature trees and low to ground partial fencing
  • 1-car, attached garage with no direct access into the property
  • Parking for 1 car in driveway
  • On municipal services
  • Property taxes: ~$1700/year (Buyer to verify)
  • Condo fees: $383.54/month (Buyer to verify)
    • Fees include: windows, roof, exterior maintenance (ie. snow removal, lawn moving etc.) (Buyer to verify)
  • Lot size: 0 ft x 0 ft (as per MPAC)
  • Zoning: N/A (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating

Please click HERE for more pictures and information.

Price:
$750,000
Address:
Ellesmere Rd & Neilson Rd
Scarborough, ON
Square Feet:
1200
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1968

Call 647-370-0820 for more details

Property Location