Purchase Price: $1,460,000
After Repair Value (ARV): $2,100,000
Closing Date: October 15th, 2024
Location: Royal York Rd & Kingsgrove Blvd, Etobicoke
Please make a note of the following information:
Summary:
- LOCATION: Etobicoke, ON (Royal York Rd & Kingsgrove Blvd)
- PURCHASE PRICE: $1,460,000 Or Best Offer
- AFTER REPAIR VALUE: $2,100,000+
- CLOSING: September 1st or sooner (This is an assignment sale.)
- TYPE: Detached 2 Story
- BEDS/BATHS: 3 Beds/ 1+1 Baths
- PARKING: Driveway with single detached garage.
- BASEMENT: Finished with the 2nd bathroom, utility room, living room, laundry and cold storage.
- SQFT: Approx 1800±
- LOT: 40’ x 138’ – Nice & Deep!
- AGE: 1950
- PROPERTY TAX: $5,843 (2023)
- POSSESSION: Vacant
Explore the most affordable detached 2-story house in the prestigious The Kingsway section! This property features 3 bedrooms, 1+1 baths, and spans approximately 1,800 square feet. It’s a solid brick home with strong bones and a roof that was redone in 2016.
Key Features:
- Cosmetic Renovation Required: The spacious interior needs a full cosmetic upgrade, allowing you to add your personal touch and high-end finishes to maximize the After Repair Value (ARV).
- Full Basement: Add an additional bedroom and expand the living area.
- Nice Deep Lot: The property sits on a 40 x 138 lot, offering plenty of room to add more square footage.
- Prime Location: Located just two houses down from a property that recently sold for $2.45 million, highlighting the significant potential profitable spread.
- Parking: Includes a detached garage and a driveway that can accommodate up to 4 cars.
This home presents an exceptional opportunity for investors/builders or homeowners looking to capitalize on the substantial spread in this sought-after neighborhood. With your creativity and vision, this property can be transformed into a stunning masterpiece. Don’t miss out on this rare find in The Kingsway!
Please let us know if you want to view it or if you want the info package. (Comps solds, MPAC info, and more…)
Thank you,
Sam
(289) 246-1411
Info@momentumdeals.ca