Who’s looking for a profitable property?
This is the perfect opportunity for investors who want fast, easy money or a rental property! Take this multi-unit flip across the finish line for just $502,990!! You’re getting two units (with the heavy reno lifting already completed) on just under an acre just north of the 401 at the iconic Big Apple! With the possibility of a third unit (via the unfinished basement with separate entrance) you’re looking at approx. $6100/month in rent. OR, add a coat of paint and stage for an easy wholetail. Looking for an even bigger payday? The property has been extensively renovated since 2019 and features 5 additional structures, and newly created in-law suite. With multiple pathways to profit, you can’t go wrong with this rural gem!
Get to know the area:
Only 1.5 hrs to Toronto, 30 mins to Oshawa GO, easy access to the 401, short drive to Belleville, Brighton, PEC and the beautiful beaches of the Quinte region. Spend the weekends in wine country and quickly commute to the city for work with the beautiful rolling hills, peace and tranquility to return to each night.
How can you profit?
1) Wholetail- Pick it up well below market and make a quick profit reselling.
2) Quick Cosmetic Flip- With the heavy lifting already done, all you have to do is add the finishing touches to reap the full reward!! Buy for $502,990, renovate, and sell for $700k+.
3) Rental Property- Minimal cosmetic updates would make this a rental ready two-unit property. Take the full vision across the finish line and convert the unfinished basement with separate entrance into a third rental unit for approx. $6100/month total!!
4) Move in with equity!! Ideal for multi- generational living or house hacking. Realtors, add your commission on top and bring us a buyer!
SUMMARY:
– LOCATION: Castleton, ON (Cty Rd 27 & Cty Rd 25; just north of the 401 at the Big Apple)
– PURCHASE PRICE: $502,990 Or Best Offer
– AFTER REPAIR VALUE: $700,000+
– CLOSING: September 18, 2025 (This is an assignment sale. Seller is open to a quicker close, August preferred)
– TYPE: Detached 2 Storey + Bungalow Addition
– BEDS/BATHS:
- Original 1900s Home – 3 bed / 1 bath / kitchen
- Bungalow Addition – 2 bed / 1.5 bath/ kitchen
– PARKING: 10+ spots
– BASEMENT: Full basement underneath addition with separate side entrance (ceiling height approx. 7’); crawl space under original home.
– SQFT: 1,452
– LOT: Irregular- 3 pins, please see MPAC
– AGE: 1900 (original), 1976 (addition), 2022 (extended addition into garage)
– PROPERTY TAX: $4,272
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Rent-ready with minimal updates– both units vacant and clean with the option to add a third in the unfinished basement (under addition only)
– Cosmetic touches to maximize wholetail or quick flip
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
GOOD NEWS:
– Fully renovated since 2019! Updates include: updated electrical (copper wiring), breaker panel, PEX plumbing, half bath added, geothermal furnace/AC system, newer roof, paint and wood flooring, outdoor kitchen area and deck,
– 3-stage water purification system – reverse osmosis, UV light, and salt filtration (Culligan Water System)
– 5 structures added since 2019
– Secondary suite with separate entrance created; suite extended into the garage
– Both units vacant and rent-ready – estimated market rent after cosmetic updates: approx. $2,300 (main) + $2,000 (second unit) = $4,300/mo. OR add basement unit at approx. $1800/mo. for a total of $6100/mo.!!
– perfect for multi-generational living or house hacking; move in with equity and have your mortgage paid!!
LISTING ID: 0825-CAS-F01
PS. Email us today for your info package. Who wants to make money on this one?
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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