Toronto Assigned

By August 20, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $150,000 BELOW Market Value!

Closing Date: September 29, 2021

**Note: Any offers for this property must be sight unseen. The seller of this property does not live in the country and inherited the property from her parents a few years ago. The brother of the seller currently lives in the property without any lease in place and has no rights of ownership to the house. The Seller does not have a good relationship with her brother and thus does not want to deal with removing her brother from the property for the purposes of a sale. The Seller’s lawyer believes that without any lease in place, the brother is a trespasser and the rules under the Residential Tenancies Act do not apply. The Buyer must be comfortable closing on the property with the brother remaining on the premises. However, we’ve ensured our purchase price with the Seller and our price to the Buyer reflects this risk.

Kingslake Road – Toronto, ON

The subject property is a detached bungalow located in the Don Valley Village neighbourhood in Toronto. The property is situated near schools, Fairview Mall, restaurants and is only a 30 minute drive from Downtown Toronto. The property was built in 1965, contains 3 beds, 1 bath and sits on a corner lot. This property is perfect for an investor looking to take on a cosmetic fix and flip with huge upside potential. You can’t find a detached property listed under $1 million anywhere close to this property!

Property Features

• Detached Bungalow
• 1,106 sqft above grade
• 1,106 sqft basement
• Corner lot, 70 ft x 110 ft
• 3 Bedrooms, 1 Bath
• Partially finished basement
• Cosmetically outdated inside
• Some windows have been replaced in the last few years
• Built in 1965

Renovations Needed

• Full cosmetic reno

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

• Wholesale Price: $999,999 or Best Offer
• We believe that this property is worth $1,150,000 as-is on the MLS
• We believe that after a full cosmetic renovation, it should sell for $1,4000,000 – $1,450,000 on the MLS
• Purchase today for $150K BELOW MARKET VALUE

Comparable Analysis

• 33 Oldborough Road sold in February 2021 for $1,163,000. It is a 3 bedroom, 2 bath, bungalow with approximately 1,100 to 1,500 sqft. It sits on a 50 ft x 133 ft lot, is cosmetically outdated inside and has a slightly higher MPAC value then the subject property. Adjusting for the fact that the subject property is a corner lot, we believe that it would sell for approximately $1,150,000 as-is on the MLS.
• 31 Grove Park Cres sold in June 2021 for $1,368,000. It is a detached bungalow with 3 + 1 bedrooms, 1 bath, and a carport. It sits on a 50 ft x 120 ft lot, is approx 1,100 to 1,500 sqft and has been partially renovated inside. The MPAC of this property is slightly higher than the subject property. With nicer finishes than this comparable we believe that an investor should be able to sell for at least $1,400,000 on the MLS.