Who’s looking for a great price on a new property?
This Etobicoke detached offers a $150K spread for a quick wholetail. Nothing in this neighbourhood is selling under $700K and you have the chance to buy in the $500’s! Dated comps are selling in the low 700’s with partially renovated comps selling in the mid and even high 700’s.
The fundamentals are strong, with solid big-ticket items, a finished full-height basement, and a large pie-shaped lot. The basement already includes a bedroom, full bathroom, and wet bar. The current 1-bedroom main floor layout was previously 2 bedrooms, and could easily be converted back.
How can you profit?
1) Easy Wholetail – There are no detached sales in this area under $700K. Clear the junk, deep clean, and stage it. That’s over a $150K spread for minimal work. Or, do more updates and sell even higher! Current value estimated at $720K.
2) Add a Basement Unit – The finished basement already gives you a bedroom, full bathroom, and wet bar. Create a proper separate entrance, and make some updates and this could become a strong 2-unit hold or resale story. Estimated rent is $1,800-$2,200/month for the main floor and $1,500-$1,800/month for a basement unit, putting total potential rent over $3,500/month
3) Realtors, Bring Your Clients – Investors and end users looking for Etobicoke detached under $600K do not get many options especially not with this lot size and upside. Help your buyers get over $150K of instant equity!! Add your desired commission.
SUMMARY:
- LOCATION: Etobicoke, ON (Islington Ave. & Rexdale Blvd.)
- PURCHASE PRICE: $549,900 Or Best Offer
- CURRENT VALUE: $720,000
- CLOSING: May 26, 2026 (Closing can be adjusted if needed. This is an assignment sale.)
- TYPE: Detached bungalow
- BEDS/BATHS: 1+1 beds / 1+1 baths (previously 2 bedrooms upstairs, easy conversion back if desired)
- PARKING: 3 cars in driveway (in tandem)
- BASEMENT: Mostly finished basement, full height, with 1 bedroom, full bathroom, and wet bar. Potential 2-unit conversion.
- SQFT: 823
- LOT: 84.57′ x 169.98′ (Large lot supports future garden suite potential, buyer to verify)
- AGE: 1952
- PROPERTY TAX: $3,642.24 (2026)
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Interior updates including kitchen and bathrooms.
- Modifications to basement if 2-unit conversion is desired.
- Possible rear entrance adjustment to create a separate entrance.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
- Very affordable detached, with low carrying costs
- Over $150K in instant equity
- Finished full-height basement with bedroom, full bath, and wet bar
- Large pie-shaped lot (future garden suite potential?)
LISTING ID: 0426-ETO-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Email us today for your info package. Who wants to make money on this one?
PPS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.