Who’s looking for a profitable property?
Flippers and landlords this one is for you! Renovated comps with basement apartments are selling around $900K. That’s a $220K spread. Or keep it as a single-family to make the renovation faster and easier!
Finishing the basement and adding an additional unit will help you get the most out of this property. Whether you’re holding it and the basement is providing additional income, or you’re flipping it and want top dollar, this basement is a value-add just waiting to happen.
Great location, fast and easy access to both the 401 and 400. Also, it’s just across the street from Emery Creek Park and the Humber River.
How can you profit?
Fix & Flip – $220K spread if you finish the basement and put in a separate unit. Or, make it a faster, cheaper project and leave the basement unfinished. Renovated single-family comps are selling in the mid $800K’s.
Hold as Rental – This is a practical income property with a separate entrance and a basement already set up to support a second unit. Estimated rents are around $2,800/month upstairs plus $1,500/month downstairs, for about $4,300/month total, giving landlords a semi in North York with strong cash flow and long-term value.
Add a Basement Unit – The separate entrance, full-height basement, second full bathroom, and 1-bedroom layout downstairs make this an easy value-add play. Whether you’re flipping or holding, a basement apartment will help you maximize your value.
SUMMARY:
– LOCATION: North York, ON (Sheppard Ave & Weston Rd)
– PURCHASE PRICE: $679,900 Or Best Offer
– AFTER REPAIR VALUE: $900,000
– CLOSING: June 3, 2026 (This is an assignment sale.)
– TYPE: Semi Detached Bungalow
– BEDS/BATHS: 3+1 beds/1+1 baths
– PARKING: 2 on driveway and one in garage
– BASEMENT: Full height, separate entrance and ready for renovation (partially finished)
– SQFT: 1,138
– LOT: 28’ x 110’
– AGE: 1966
– PROPERTY TAX: $3,499 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic renovation throughout.
– Complete basement renovation (turn it into a 2nd unit for maximum ARV)
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Separate entrance to the basement, ideal for a 2-unit setup
– Full-height partially finished basement with second full bathroom
– Rental potential around $4,300/month total
– Minutes to both the 401 and 400
– Across the street from Emery Creek Park and the Humber River
LISTING ID: 0426-NOR-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. 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.
PS. Email us today for your info package. Who wants to make money on this one?