Scarborough, ON

Oversized brick bungalow on a corner lot

Wholesale assignment Posted today
New

Asking

$815,000

ARV

$1,310,000

Gross spread

$495,000

ARV minus asking, before renovation and closing costs.

About this deal

Oversized detached brick bungalow on a 61 x 98 ft corner lot near Pharmacy and Sheppard. 3+2 bed, 3 full bath, about 1,405 sq ft above grade, finished basement, attached garage, vacant, flexible closing. Mostly cosmetic work: kitchen, bathrooms, flooring, paint, lighting, with an electrical panel upgrade recommended. Basement apartment potential subject to buyer due diligence. Renovated comp sold at $1,310,000; dated comps around $1.05M.

5 beds 3 bathsDetached

Highlights

  • 61 x 98 ft corner lot
  • Vacant, flexible closing
  • Renovated comp $1.31M
  • Basement apartment potential

Deal type

Assignment of contract