| Beecroft Road, North York, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: June 2nd, 2025
***BUYER TO PROVIDE DEPOSIT OF $10,000 TO SELLERS LAWYER***
***SELLER HAS THE OPTION TO SHORTEN CLOSING TO MAY 15TH, 2025 GIVEN NOTICE IS PROVIDED TO THE BUYER BY MAY 1ST, 2025***
** Realtors bring us a client and add your commission on top of the purchase price**
Property Details
- Condo
- 2nd floor
- South east exposure
- 1+2 bedrooms
- 1 bedroom
- 1 den + 1 solarium (potential to convert solarium into a bedroom)
- 2 bathrooms
- 1 full bathroom
- 1 powder room
- 1240 sqft
- Breaker panel with copper wiring
- Built in 1982
- Heating, cooling, and hot water are centralized
- Cosmetically dated, well maintained
- 1 underground parking spot
- No storage locker
- Fridge, stove, washer, dryer, and dishwasher included ‘as-is’
- Maintenance fee is $1,156 per month
- Covers water, hydro, heat, windows, and common elements as per seller
- Property taxes are about $3,004
About the Neighbourhood
- 5-minute drive to Highway 401
- 2 subway stations within a 10-minute walk
- Go-Bus station within a 4-minute drive
- In this area, a similar condo can rent for $3,500 per month!
Recommended Renovations
- Cosmetic renovation
- Potentially convert solarium into a 2nd bedroom
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent FIX and FLIP or Rental opportunity.
- Wholesale Price: $584,999 or Best Offer
- We believe that this property is worth $650,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $775,000 on the MLS.
- Purchase today for $65K BELOW MARKET VALUE
Comparable Analysis |
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- 216-155 Beecroft Road sold for $700,000 in March 2025. This comparable condo has a 2+1 bed, 2 bath layout. It lacks a solarium however it has a additional bedroom. Cosmetically, the comparable property is outdated and has an older kitchen similar to the subject property. Although the comparable is outdated, it is a newer build than the subject property and has newer flooring. Additionally, the comparable property has a smaller footprint of 900-999 sqft. The comparable property has one additional parking spot. We believe that in its current condition, taking into account adjustments, the subject property would sell for a price of around $650,000 on the MLS!
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- 2107-33 Elmhurst Avenue sold for $885,000 just 24 days ago after only 6 days on the market! This comparable property has a 2+1 bedroom, 2-bathroom layout with 1 underground parking spot. The solarium in this property has been converted into a second bedroom. The comparable property has a similar 1200-1399 sqft footprint; however, it is on a higher floor. Additionally, the comparable property has been cosmetically updated throughout. We believe that after a cosmetic renovation and the appropriate adjustments are applied, the subject property would sell for a price of around $775,000 on the MLS!
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- 4103-9 Bogert Avenue sold for $900,000 just 21 days ago! This comparable property has a 2+1 bedroom, 2-bathroom layout with 1 underground parking spot. The solarium in this property has been converted into a second bedroom. The comparable property has a slightly smaller 1000-1199 sqft footprint; however, it is on a higher floor. Additionally, the comparable property has been cosmetically updated throughout. We believe that after a cosmetic renovation and the appropriate adjustments are applied, the subject property would sell for a price of around $775,000 on the MLS!
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- 602-131 Beecroft Road sold for $828,000 in November 2024. This comparable condo is located in the same building and has an identical layout to the subject property; however, it has had an extensive renovation done throughout and sold in a stronger market. Additionally, the comparable condo is on a higher floor. We believe that after a cosmetic renovation and the appropriate adjustments are applied, the subject property would sell for a price of around $775,000 on the MLS!
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