Who’s looking for a profitable property?
This home stands out from the crowd! It has bigger sqft than most recent comps, and is on a larger lot. Once renovated it’s sure to sell well above the rest of the neighbourhood! Smaller properties are selling as high as $1.4M! Even comping conservatively gives you a $600K spread for a mostly cosmetic renovation.
Additionally, this house has a new metal roof with a lifetime warranty, a 2-car attached garage + ample driveway parking, and 100 ft of waterfront! Only 1 hour to Toronto makes this a perfect luxury short term rental.
Backing onto the canal gives you direct access to Lake Simcoe, but the 150ft deep lot means you still have a backyard to use and enjoy!
How can you profit?
1. Full Renovation Flip – Homes on this street with smaller sqft and smaller lots are selling as high as $1.4M! This property has the potential to sell far higher than that. For flippers who can handle a luxury project, this home offers at least a $600K spread!
2. Quick Wholetail – This property is priced WAY below market value. Clear out the junk, stage, and list. Let the waterfront and large lot do the heavy lifting while you benefit from a large spread without taking on the work of a reno!
3. Short Term Rental – Capitalize on the waterfront and turn this into a high-end STR! Located only an hour from the city, and with direct access to Lake Simcoe a STR would be perfect. Georgina permits STR’s and has a quick application process to get approved (buyer to confirm).
4. Realtors Bring Your Buyers – End users who don’t mind dated finishes get tons of instant equity, from a large bungalow on the water with the opportunity to make cosmetic updates on their own timeline. 3% co-op included!
SUMMARY:
– LOCATION: Keswick, ON (Lake Dr S & Ravenshoe Rd)
– PURCHASE PRICE: $799,900 Or Best Offer (Includes 3% co-op for Realtors)
– AFTER REPAIR VALUE: $1,400,000+
– CLOSING: October 13, 2026 (Minimal flexibility on this one. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 4 beds / 2 full baths
– PARKING: 2-car attached garage, with driveway parking for 6 additional cars
– BASEMENT: No basement (waterfront-adjacent lot)
– SQFT: 2,538
– LOT: 100′ x 150′ (large lot, potential future garden suite subject to zoning)
– AGE: 1973
– PROPERTY TAX: $7,409 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout, including flooring, kitchen, and bathrooms
– Garage needs some repairs
– Significant junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
PICTURES are here: https://www.housedealsgta.ca/property/cheap-houses-for-sale-durham
LISTING ID: 0926-KES-F01
GOOD NEWS:
– Oversized 100 x 150 lot
– Waterfront with direct access to Lake Simcoe
– Over 2,500 sqft, much bigger than most comps
– Parking for up to 8 vehicles including 2-car garage
– New metal roof with lifetime warranty
– Huge spread for a mostly cosmetic project
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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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