Who’s looking for a profitable property?
This property is rent / move in ready. For wholetailers, that means minimal work and a quick turnaround. With almost $100K of instant equity this project will be a profitable one! For landlords, that means no expensive renovations or upgrades. With a low purchase price this one will easily pay for itself!
The big-ticket items are in good shape. The roof and furnace are both less than 5 years old, and the windows are less than 10 years old. This property is close to downtown Kingston, and is steps away from the local Catholic high school. This low purchase price makes it easy to purchase, and keeps lots of exit paths open!
How can you profit?
1. Landlords – This home is rent-ready, and with a purchase price this low the property will easily carry itself. Estimated rent for a 2-bedroom detached is $2,000-$2,300/month, well above expected carrying costs.
2. Wholetail – This house is ready to list! It’s in far nicer condition than many recent comps which sold in the mid to low $300K’s (ask for our info package and check out the Non-ARV comps). Clean it up, make a few cosmetic improvements, and relist. With as is value in the mid 300’s there is enough room here for an easy exit and quick payday!
3. Fix & Flip – If fully renovated, ARV is $400K giving you a $150K spread. The small size will keep renovation costs low!
4. Realtors Bring Your Buyers – This home is move-in ready and a strong fit for first-time buyers, parents buying for students, or value-focused clients who want a detached home below market. At $249,500, your buyers will get almost $100k in instant equity! Add your desired commission
SUMMARY:
– LOCATION: Kingston, ON (Division St & Concession St)
– PURCHASE PRICE: $249,900 Or Best Offer
– AS IS VALUE: $325,000+
– AFTER REPAIR VALUE: $400,000
– CLOSING: May 28, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2 beds/1 bath
– PARKING: Driveway parking for 1 car
– BASEMENT: Crawl space
– SQFT: 951
– LOT: 29’ x 65’
– AGE: 1920
– PROPERTY TAX: $2,281 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Light cosmetic touch-ups if desired
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Rent-ready condition with no major renovation scope noted
– Good bones and big-ticket items in good shape (furnace and roof less than 5 years old, windows less than 10 years old)
– Low purchase price keeps carrying costs easy
– 30-minute walk or 15-minute bus ride to Queen’s University (easy student rental)
LISTING ID: 0426-KIN-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 immediate access to these discounted deals as soon as they are available.
PS. Email us today for your info package. Who wants to make money on this one?