Profitable Fix & Flip - Cheap Price in a Hot Neighbourhood

aaronmoore

Frequent Forum Member
REIN Member
Who's looking for a profitable flip in Toronto? This house needs a lot of work, but the price is super cheap for Toronto's Corso Italia neighbourhood.

SUMMARY:
- LOCATION: Toronto (Caledonia & St Clair - Corso Italia area)
- PURCHASE PRICE: $659,900 Or Best Offer
- AFTER REPAIR VALUE: mid-high $800s and maybe over $900k. If it didn't back onto train tracks it'd probably sell over $1 million when made beautiful.
- CLOSING: June 28, 2021 (This is an assignment sale.)
- TYPE: Semi-Detached, 2 Storey
- BEDS/BATHS: 3 + 1 Bed/2 Bath
- KITCHENS: 2 (A bedroom upstairs is being used as a kitchen, but most people would want it as a bedroom.)
- PARKING: 2 spaces. 1 in garage. 1 on driveway.
- BASEMENT: Unfinished basement
- SQFT: 1362 sqft
- LOT: 25' x 84'
- AGE: 1913
- Backs onto GO train Newmarket track
- PROPERTY TAX: $3,184.43

RENOVATIONS NEEDED:
- The house is in rough shape and needs a lot of work.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you'd like to renovate.

GOOD NEWS:
- The price is extremely cheap for this area. It's hard to find anything in the $800s, let alone $600s!

PICTURES are here: https://www.housedealsgta.ca/property/fixer-upper-house-for-sale-toronto/
 
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