Wholesale Ravine Property in Toronto. Basement Apartment. Huge Garage.

aaronmoore

Frequent Forum Member
REIN Member
Here's a nice piece of property in Toronto that you can buy at a big discount.

The lot is 241 feet deep and it backs onto the Humber River. The 1200 sqft garage & workshop make this a premium property for the right buyer. Where else in Toronto do you have parking for 8-10 vehicles?

It has two kitchens, a separate entrance to the basement, and is a great setup to make a legal basement apartment.

What can you do with this property?
1) Fix & Flip
2) Rent as 3-units: 2 apartments in house, plus the 1200 sqft workshop/garage.
3) This is the perfect home for a renovator or someone with a business who needs lots of storage and parking.

SUMMARY:
- LOCATION: Etobicoke (Islington & 401)
- PURCHASE PRICE: $699,900 Or Best Offer
- AFTER REPAIR VALUE: $850-$900k... There aren't many 241' ravine lots with huge workshops to compare to. But there are enough nearby sales in the mid to high $800s.
- CLOSING: August 04, 2020 (This is an assignment sale.)
- TYPE: Detached brick bungalow
- BEDS/BATHS: 3+1 bed/2 bath/2 kitchens
- SQFT: 1129 sqft up (2250 total living space)
- GARAGE: 1200 sqft detached garage/workshop
- PARKING: 8-10 cars (Probably more)
- LOT: 50' x 241'
- AGE: 1958

RENOVATIONS NEEDED:
- It's a dated house and it could use a facelift and maintenance.
- Needs roof, windows, driveway, AC
- Landscaping
- Junk removal
- Please look at the pictures and videos for more info.

GOOD NEWS:
- This is a unique opportunity and you don't find a property like this every day.
- Ravine, 1200 sqft workshop, lots of parking, 50' x 241' lot, basement apartment, etc

Go here for videos, pictures and more: https://www.housedealsgta.ca/property/fixer-upper-homes-for-sale-toronto/
 
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