Detached 3-Level Backsplit in Etobicoke! Available

  • $1,179,999
  • 4 beds
  • 3 baths

Detached 3-Level Backsplit in Etobicoke!

Fix and Flip or Rental Opportunity

$95K BELOW Market Value!

North Carson Street, Etobicoke, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: May 30th, 2025
*BUYER TO COMPLETE APS DEPOSIT OF $20K TO SELLER’S LAWYER*
** Realtors bring us a client and add your commission on top of the purchase price**

 

About the Property

Calling all Toronto Buyers! Check out this detached 3-level back split in need of some cosmetic renovations and touch-ups! The property consists of 4+1 bedrooms, 3 bathrooms, a detached 1 car garage, and sits on a 40ft x 126.67ft lot. The property has a footprint of 2288 sqft above ground. The basement is set up as an apartment with a separate entrance providing potential for rental income. The windows are older with wooden frames and the roof is 15 years old. Additionally, the A/C is older and might have to be updated. The electrical is on breaker and the furnace was installed in 2016 saving the buyer a costly upgrade. This property is great for an investor looking for a summer project in Toronto or an investor looking for a great rental property in Toronto.

About the Neighbourhood 

The subject property is situated in the Alderwood area of Etobicoke. It is located about 20 minutes from downtown Toronto. There are countless amenities including restaurants, Sherway Mall, parks, grocery stores & more. There are multiple bus stops within a 5-minute walk and the Longbranch Go Station is only 7 minutes away providing easy transportation for commuters. The QEW is only 6 minutes away providing easy access westbound towards Mississauga and eastbound towards downtown Toronto.

Property Details

  • Detached 3-level backsplit
  • 4+1 bed, 3 bath
  • 2288 sqft above grade
  • 1123 sqft below grade
  • Basement is setup as a apartment
    • Has a seperate entrance
    • 6ft11 ceiling height (6ft1 under bulkhead)
  • Electrical is on breaker panel
    • Copper wiring
  • Built in 1952
  • Furnace is owned
    • Installed in 2016
  • HWT is rented, buyer to assume
    • Exact age unkown
  • AC is owned
    • Older unit exact age unkown 
  • Roof redone 15 years ago
  • Dated wood frame windows
    • Exact age unkown
  • Detached 1 car garage
  • Appliances included in as-is condition 
    • 2 fridges, 2 stoves, washer, dryer, dishwasher
  • 40ft x 126.67ft
  • Property taxes are about $5565
  • RM (U4) (x18) zoning

Recommended Renovations

  • Cosmetic renovation 
  • Consider updating windows 
  • Consider updating A/C
  • The seller has the option to leave junk behind so we would recommend budgeting for junk removal
Pictures and More

The Numbers

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

  • Wholesale Price: $1,179,999 or Best Offer
  • We believe that this property is worth $1,275,000 as-is on the MLS
  • We believe that after the recommended renovations are completed, this property should be worth at least $1,500,000 on the MLS.
  • Purchase today for $95K BELOW MARKET VALUE

Comparable Analysis

  • 194 Gamma Street sold for $1,250,000 in January 2025. This comparable has a similar 4+1 bedroom setup and basement apartment. The comparable is a 2-storey which adds value however it does lack a garage. The comparable sits on a similar 50ft x 106ft lot and has one additional bathroom versus the subject property. The comparable has a similar footprint of 2000-2500 sqft and is dated throughout similar to the subject property. We believe that in its current condition, the subject property would sell for a price around $1,275,000 on the MLS!
  • 18 Goa Court sold for $1,300,000 in January 2025. This comparable has a 3 bedroom, 4 bathroom setup and lacks a basement apartment. The comparable is a back split similar to the subject property however it does have an attached garage which adds value. The comparable sits on a smaller 36ft x 120ft lot and has one additional bathroom versus the subject property. The comparable has a slightly smaller footprint of 1932 sqft and is dated throughout similar to the subject property. We believe that in its current condition, the subject property would sell for a price of around $1,275,000 on the MLS!
  • 453 Valermo Drive sold for $1,515,000 in October 2024. This comparable has a 3+1 bedroom, 3 bathroom setup and lacks a basement apartment. The comparable is a back split similar to the subject property however it does have a detached 2 car garage which adds value. The comparable sits on a similar 45ft x 136ft lot and lacks one bedroom versus the subject property. The comparable has a slightly smaller footprint of 1946 sqft and is dated throughout similar to the subject property but has been better maintained. We believe that after the recommended renovations are completed, the subject property would sell for a price around $1,500,000 on the MLS!
Price:
$1,179,999
Address:
Bedrooms:
4
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1952

Call 647-930-0291 for more details