Condo Townhouse in Scarborough! Assigned

  • $429,999
  • 3 beds
  • 3 baths

Condo Townhouse in Scarborough!

Fix & Flip or Rental Opportunity! 

$100K BELOW Market Value!

Military Trail

Military Trail, Scarborough, ON

Closing Date: December 15th 2023 

The Seller has the option to extend closing to January 5th,2024 if notice is given to the Buyer by November 30th,2023

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Welcome to your next project! This condo townhouse consists of 3 beds, 3 bathrooms, 1 parking spot and has a footprint of 1300 sq/ft. The unit is dated throughout and will require a full cosmetic renovation. The roof is covered by the condo corporation and has been replaced 2 years ago. The windows are the buyer’s responsibility and are outdated. The electrical is on fuse and ideally needs to be updated to a breaker system. This property is ideal for an investor looking to start the new year with an amazing flip or an investor looking for a rental property in Scarborough!

About the Neighbourhood 

The subject property is located in the Morningside area of Scarborough, just south of Hwy 401 and Morningside Ave. Scarborough is located on the east side of Toronto. The subject property is surrounded by countless amenities such as Walmart, Cineplex, No-Frills, Food Basics, LCBO, and countless others. Hwy 401 is only a 2 minute drive away providing easy access both east towards the GTA and west towards the Durham Region. Both Centennial College and University of Toronto are within walking distance from the subject property. There are multiple bus stops located at the Morningside Ave and Military Trail intersection which is a 3-minute walk from the subject property.

Property Details

  • Condo townhouse
  • 3 beds
  • 3 bath
  • 1300 sqft above grade
  • 650 sqft below grade
  • Built in 1970
  • Appliances are included
  • Fuse panel
  • Finished basement
    • 7ft ceiling height
    • There is potential to create an additional bedroom in the basement
    • Basement currently has a kitchenette, no separate entrance however
  • Furnace is owned
    • installed prior to 2003 as per seller
  • AC is broken and would need to be serviced/replaced
    • installed prior to 2003 as per seller
  • HWT is rented
    • installed in 2016
  • Roof was replaced 2 years ago
  • Windows are dated and likely need to be replaced
  • Maintenance fees are $465/month
    • Includes water, cable, and internet
  • Small backyard area
  • 1 parking spot included
    • underground parking spot
  • Property taxes are approximately $1806
  • Zoning RM

Recommended Renovations

  • Full cosmetic renovation
  • Replace windows
  • Update the electrical panel to a breaker panel
  • Repair or replace A/C unit
  • Seller has the option to leave junk behind so we recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $429,999
  • We believe that this property is worth $530,000 as-is on the MLS
  • We believe after a cosmetic renovation, the subject property would sell for at least $610,000 on the MLS
  • Purchase today for $100K BELOW MARKET VALUE

Comparable Analysis

  • 1087-100 Mornelle Crt sold for $575,000 in June 2023 after only 11 days on the market! It is located within walking distance to the subject property and has a similar footprint at 1200-1399 sqft. This condo townhouse consists of 3 beds similar to the subject property but has only 1 bathroom while the subject property has 3. The comparable is completely dated throughout however it is much more well-maintained than the subject property. The comparable has 2 parking spots unlike the subject property which has 1. Therefore after adjustments, we believe the subject property would sell for a price around $530,000 on the MLS, AS IS!
  • 90-21 Livonia Pl sold for $638,000 in October 2023. The comparable has 3+1 beds unlike the subject property that has 3 beds. Similar to the subject property the comparable has 3 bathrooms and a similar footprint at 1200-1399 sqft. The comparable has 2 parking spots while the subject property only has 1 parking spot. Therefore after adjustments, we believe the subject property would sell for a price of around $610,000 on the MLS, after a full cosmetic renovation.
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Need Financing?
Looking for a construction cost estimate?

SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email
View our past projects here

If You’re Interested….

Email us at or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.


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Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.
Assignment of Contract
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Call 647-930-0291 for more details