Semi-Detached, Bungalow Investment Property in a Desirable Area of North York! Assigned

  • $899,999
  • 5 beds
  • 3 baths
  • 1248 sqft

A very well cared for and update semi-detached bungalow in the heart of Bayview Village and walking distance to a subway station. A perfect cosmetic, value-add opportunity for an investor. This home is seconds to the 401 ramp, GO Station, Bessarion subway station, and Bayview Village Shopping Centre. Amenities are abundant in this very convenient location, creating premium rents for the investor! Here’s an excellent chance for an investor to buy this property at its 2016 value (our estimation) and receive over $100,000 in positive equity on closing. Act fast!!!

We are selling our assignable purchase contract.

Closing is May 5th, 2020.
**The Seller is purchasing another property and is firm on this closing date. The Buyer is expected to close on this date.**

Please click HERE for more information and pictures.

Price:
$899,999
Address:
Caracas Rd
North York, ON
Square Feet:
1248
Lot Size:
32.46 ft x 111 ft
Bedrooms:
5
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1960
Basement:
Finished

Additional Features

- Five minute walk to Bessarion subway station - 3+2 bedrooms - 3 full bathrooms - 2,500 sq ft of living space - 1,248 sq ft above grade - 1,248 sq ft below grade - Built in 1960 - Basement is fully finished (nicely renovated in late 2018) - Seller claims to have used permits for the basement renovation - Separate entrance to basement - Basement ceiling height: 7 ft (floor to drywall) - 6’3” to bulkheads - 2015 renovation year includes: - New roof, windows, doors, eaves troughs and skylight - All three bathrooms have been updated nicely - 100 AMP breaker - House was professionally rewired in 2018 (as per Seller) - Furnace and central air: 2015 (as per Seller) - Water softener is owned - Seller is buying out the hot water tank - Fancy, newer shed in backyard with a remote-controlled door - Nice interlock in the backyard - Shared driveway with at least two parking spots - 11 ft, semi-vaulted ceilings on main floor - Poured concrete foundation (as per Seller) - Seller has owned this home for 14 years, but house has been in family since the '60s - Lot size: 32.46 ft x 111 ft - Zoned: RM (we believe the City is allowing these properties to have secondary suites. Buyer to verify) - Property taxes are estimated to be $4900 PROPERTY NEEDS - Kitchen and living room could use a full update but the property is nicely liveable as-is - Master bathroom could use a new vanity - We recommend to power-wash and stain the deck - Minor maintenance and hardware needed - Buyer has the option to turn the basement into a secondary suite **As per the APS, the Seller is allowed to leave behind all appliances, cast iron patio table, propane BBQ, and snow blower (in shed). Pool table is not included.**

Call (289) 200-1500 for more details

Property Location