Michael K Hyatt Realtor

$200k Spread on Almost Move-In Ready Condo in East York

Deep discount on a Toronto Condo!

High demand location in East York near Leslieville. 15 minutes to Woodbine Beach. Grab the TTC out front or take short walk to Donlands Subway. Close to the Danforth, hospital, parks, shops, restaurants, schools and grocery. Convenient access to DVP. Across from local elementary school.

How can you profit?

1) Fix & Flip: Buy for $474,900, renovate cosmetically, and sell in the mid $600s. It’s a condo, so renos will be cheap!

2) Rent It: Change some flooring, get the cleaning lady in, and rent for around $2600+/month.

3) Move In: Make money when you buy! Enjoy the built in equity and renovate slowly over time. Enjoy the rooftop patio with barbecues and patio furniture in the summer, or the party room year round!

– LOCATION: Toronto, ON (280 Donlands Ave at Cosburn Ave)
– PURCHASE PRICE: $474,900
– AFTER REPAIR VALUE: Around $650k
– CLOSING: November 24, 2023  (Or sooner if possible. This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 2 Bed/2 Bath
– PARKING: None
– LOCKER: Yes
– SQFT: 901 sq ft plus 100 sq ft balcony
– AGE: 2013 (only 10 years young!)
– CONDO FEES: $857/month includes water & heat
– PROPERTY TAX: Approx $2500/year

RENOVATIONS NEEDED:
– Needs new flooring and a good clean. If you want to rent it or move in, that’s all it needs.
– Flippers will likely want to update kitchen and baths.
– Some junk and furniture removal.

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