!!RAVINE LOT!! Brick Bungalow with Separate Entrance to Basement and Detached Garage in Maple Leaf Area of Toronto!! Assigned

  • $1,220,000
  • 5 beds
  • 2 baths
  • 956 sqft
Assigned
Located in the highly sought-after area of Maple Leaf in North York, around the corner from the Castlefield Design District with quick access to the 401, Allen, Yorkdale and everything you could desire, sits an incredible investment opportunity on a premium ravine lot!! Featuring 3+2 beds + den, a separate entrance to the basement, a detached 1-car garage, a gorgeous backyard with a second level large enough to house a volleyball court, new AC, original hardwood and a partially finished basement with walk-in closet and cold cellar, this brick bungalow is guaranteed to turn a profit via wholetail, flip and/or rental. With entirely dated units selling for $1,380,000, many flips and demos/rebuilds going up in the area raising the value of the surrounding properties, and low inventory + high demand, our property is a complete steal at only $1,220,000!!

We are selling our assignable purchase contract.

Closing is March 10th, 2022

PROPERTY FEATURES
Please note: This property is currently tenanted, but will be vacant upon closing.
  • 3+2 bedrooms + den (3 bedrooms, as per MPAC)
    • Large basement bedroom features a walk-in closet
  • 2 full bathrooms (as per MPAC)
    • 4-piece bathroom located on the main floor
    • 3-piece bathroom located in the basement
      • Shower in this bathroom is large enough to convert to a 4-piece, if desired
      • There is some mold on the ceiling, as there is no vent and only a window (see HERE)
  • Built in 1952 (renovated in 1990, as per MPAC)
  • Above grade: 956 sq ft (as per MPAC)
  • Partially finished basement: 1147 sq ft (as per MPAC)
    • Laundry room is located in the basement
    • Cold storage area in basement runs the width of the house
    • Ceiling heights: (Buyer to verify all)
      • Landing at bottom of stairs: 6.16 ft to ceiling
      • Bottom of stairs: 6.2 ft to ceiling
      • Small bedroom: 6.873 ft to ceiling
      • Large bedroom: 6.841 ft to ceiling
      • Den: 6.86 ft to ceiling
      • Bathroom: 6.18 ft to ceiling
      • Partially finished area: 6.93 ft to ceiling
      • Partially finished area: 6.12 to duct
  • Separate entrances:
    • Front door to main entrance way/hallway
    • Back door to landing, which either leads up to the main level, or down to the basement bedroom
  • Flooring:
    • Tile was updated 1-year-ago (as per Seller)
    • Hardwood is original, 1 inch panels (as per Seller)
    • Poured concrete
  • 100 AMP breaker panel (located in the small basement bedroom)
  • HE gas furnace is 1-year-old (as per Seller)
  • HWT is rented, exact age is unknown (believed to be from sometime in the last 5 years, as per Seller) — Buyer to verify
  • Central AC is owned and is 1-year-old (as per Seller)
  • Windows are believed to have been last updated in 1990 (exact age is unknown, as per Seller)
    • Believed to be updated in 1990 — Buyer to verify
  • Left side of roof (when facing from the street) was updated in 2011, and the right side of roof is patched with a tarp from where there was water damage/a leak in the largest main floor bedroom (as per Seller) — see HERE
  • Front exterior has much more curb appeal than other properties
  • Backyard offers a built in “bar” area + a huge, fenced in ravine yard located below main yard (currently used as a volleyball court, as per Seller)
  • 1-car, detached garage (317 sq ft, as per MPAC)
  • Parking for 4+ vehicles in driveway
  • Lot size: 49 ft x 141.4 ft (as per MPAC)
  • Zoning: RD(f15;a550*5) (as per MPAC)
    • The City of Toronto allows Secondary Suites within the primary dwelling of an RD property. (see HERE – clause 10.20.20.20) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updating
  • Repair water damage to main floor bedroom ceiling
  • Repair taped area of roof + update right hand side of roof (when facing from the road)

 

Please click HERE for more pictures and information.

Price:
$1,220,000
Address:
Culford Rd & Lawrence Ave W
Toronto, ON
Square Feet:
956
Lot Size:
49 ft x 141.4 ft
Bedrooms:
5
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1952
Basement:
Partially finished

Call 647-370-0820 for more details

Property Location