Scarborough Assigned

By July 13, 2020
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $70,000 BELOW Market Value!
Closing Date: August 7, 2020

Warden Avenue & St. Clair Avenue E, Scarborough

778 sqft condo apartment with amazing long term potential! The subject property is conveniently located beside the Warden subway station (2 minute walk), multiple parks, the Warden Hilltop Community Centre, and the Eglinton Square shopping centre. According to the Toronto Real Estate Board, prices for condo apartments in the E04 Toronto municipality (where the subject is located) have increased 20% from June 2019 to June 2020! You can’t find a 2 bedroom condo listing under $500,000 in this area!

Property Features

• 778 sqft
• 2+1 Bedrooms, 1 Bathroom
• 1 parking spot
• Built in 2005
• Property taxes of $1,646 per year
• Condo Fees of approximately $465 per month which includes everything except hydro
• New laminate flooring throughout
• Seller purchased a brand new washer and dryer

We are selling our assignable purchase contract for this excellent WHOLETAIL or RENTAL opportunity.

• Wholesale Price: $430,000 or Best Offer
• We believe that after some minor touch ups, a fresh coat of paint and replacing the bathroom vanity this property should sell for around $500,000 on the MLS
• Purchase today for $70k BELOW MARKET VALUE

Comparable Analysis

• Unit 312 – 684 Warden Avenue is an exact comparable to the subject property. It has the same bedrooms, bathrooms parking and is the same sqft. Unit 312 sold for $455,000 in October 2019. According to the Toronto Real Estate Board, prices for condo apartments in the E04 area have increased by approximately 15% from October 2019 to June 2020. Assuming a conservative 10% increase in prices, we arrive at a market value of approximately $500,000
• October 2019 Sold Statistics:
• June 2020 Sold Statistics: