Who’s looking for a profitable property?
This is your shot to grab a vacant 1.5-storey detached in Peterborough’s East City for just $359,900 OBO—with a mid-$500s ARV. That’s approx $200K in potential spread on a property that’s almost rent-ready and loaded with upside.
The seller already conditionally purchased their dream home and needs to firm up FAST—so if you can move fast, you’re in the driver’s seat.
Located on a quiet residential street within walking distance to downtown (far enough to avoid the noise), this home sits on a 50’ x 101’ lot and features a full-height basement with space to add a 2nd bathroom and extra bedroom—boosting both value and rental potential.
How can you profit?
1) Rent & Hold – $5–10K in updates (mainly bathroom) gets it tenant-ready fast. 3 bedroom houses rent in the $2700-$2800 range plus utilities.
1) Easy Wholetail – $200K spread on an easy reno with room to add a bathroom/bedroom or rec area in the basement.
3) Move In – Live in East City for under $360K and build equity as you update. Priced like a fixer upper but move in ready! Realtors, add your desired comp on top and bring your fast decision maker buyers!
SUMMARY:
– LOCATION: Peterborough, ON (Parkhill Rd & Armour Rd in East City)
– PURCHASE PRICE: $359,900 Or Best Offer. Priced for quick sale! Make us a fast firm offer.
– AFTER REPAIR VALUE: Mid $500s
– CLOSING: September 4, 2025 (Somewhat flexible into October. This is an assignment sale.)
– TYPE: 1.5 Storey Detached
– BEDS/BATHS: 3 Beds (1 smaller on main floor, 2 upstairs) / 1 Bath
– PARKING: 1 Driveway Space, 1 Carport Space
– BASEMENT: Full height, partially finished. Rec room covers half the basement; unfinished space could fit both a bathroom and bedroom.
– SQFT: 1,212
– LOT: 50’ x 101’
– AGE: 1953
– PROPERTY TAX: $3,523 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Bathroom has visible mould on ceiling—update recommended before occupancy.
– A paint job and some minor touch ups would make it rent-ready!
– Flippers would update flooring and bathroom. Kitchen is already updated.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Vacant & flexible closing—ready for immediate work or quick rental.
– Prime East City location, walkable to shops, restaurants, and parks.
– Basement height ~7’ with space for an extra bedroom and bathroom.
LISTING ID: 0825-PET-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
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PS. Email us today for your info package. Who wants to make money on this one?