Major Mackenzie Drive E, Richmond Hill
Offer Date: FIRST COME FIRST SERVED
Closing Date: May 15th, 2026$15,000 deposit payable to the Sellers lawyer, in trust by the Buyer upon acceptance*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- END USER: Ideal for an end user/ first time home buyer to capitalize on this inexpensive condo available for below market value.
- RENTAL: Purchase this condo below market value, build equity over time, and generate steady income by renting it out.
Property Details
- Condo Apartment
- Beds: 1 + Den
- Baths: 1 Full
- 1 Parking space
- 1 locker
- 700-799 sqft as per previous listing
- Built in 1987
- Maintenance fees $875/ month. Includes: Internet, cable, water, hydro,& heating
Mechanical & Systems
- Electrical: Breaker Panel
- Furnace: Owned, age unknown
- A/C: Owned, age unknown
- HWT: Rental, Installed in 2023
- Appliances included: Fridge, stove, washer, and dryer
Lot & Location
- Property taxes are approximately $1,673
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent end user/ rental opportunity.
- Wholesale Price: $359,999 or Best Offer
- We believe that this property is worth $400,000 as-is on the MLS
- We believe that after a cosmetic renovation is completed, this property should be worth $450,000 on the MLS!
- Purchase today for $40K Below Market Value.
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| 203-249 Major Mackenzie Dr. E sold for $427,000 in February 2026. This neighbouring unit, located in the same building, features 2 bedrooms plus a den, effectively offering an additional bedroom compared to the subject, and has approximately 900–999 sq ft. The overall condition is comparable to the subject property. Given the additional bedroom, appropriate downward adjustments have been applied. Based on these adjustments, we estimate the subject property would achieve approximately $400,000 on the MLS in its current as-is condition. |
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| 116-326 Major Mackenzie Drive E sold for $469,500 in January 2026. This unit features 1 bedroom plus a den, 1 bathroom, 1 parking space, with approximately 700–799 sq ft. of living space. The property has undergone recent renovations and upgrades, and is in a modern, turn-key condition. Maintenance fees are reported at $891/month, slightly higher than the subject property’s $875/month. The subject property offers a similar layout, size, and overall utility, but lacks the updated finishes seen in this comparable. Given the comparable’s renovated condition, appropriate adjustments have been made. After completing renovations to bring the subject property to a similar standard, we estimate an after-repair value of approximately $450,000 on the MLS. |
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