Who’s looking for a profitable property?
If youāre looking for a new home with lots of instant equity, a low-effort rental, or an easy flip then this oneās for you!
Most comps only have 3 above-grade bedrooms, this property has 4. Recent comps with unfinished basements are consistently selling in the mid-$900Ks making this an easy wholetail. Or, invest in finishing the basement and you can expect to sell over $1M giving you a $200K spread for minimal work!
Built in 2004 with an updated roof and HVAC, so there are no big-ticket items to worry about. The unfinished basement has 8 ft ceilings, giving landlords and house hackers a practical path to a second unit.
Located in a quiet, family-friendly neighbourhood, just 15 min from Mississauga and Oakville. Ideally located within walking distance to parks, top-rated schools, the library, grocery stores, and shops. With easy access to the 401, 407, and GO Station.
How can you profit?
1) Easy Wholetail / Light Flip – Clear out the remaining contents, complete some minor cosmetic updates and relist. Built in 2004 itās got great bones and shows well. Recent sales in the area are consistently selling in the mid $900Ks and most of those only have 3 beds. Or for the full $200K+ spread, finish the basement and sell over $1M!
2) Add a Basement Unit – The unfinished basement has 8 ft ceilings and gives you a clean slate for a legal secondary suite (buyer to verify). Help cover the mortgage or simply increase resale value!
3) Rental Property – Estimated upper-home rent is $3,000-$3,500/month, plus an extra $1,600-$2,000/month from a future basement unit. That creates approximately $4,600-$5,500/month in total potential rent. Newer mechanicals and move-in-ready condition reduce immediate landlord work.
4) Realtors: Bring Your End Users – Most current listings in this neighbourhood are well over $1M. Help your buyers secure a great property at an unbelievable price. Good bones, and move-in ready condition. 2.5% co-op includedĀ
SUMMARY:
– LOCATION: Milton, ON (Fourth Line & Derry Rd W)
– PURCHASE PRICE: $799,000 Or Best Offer (Includes 2.5% commission for Realtors)
– AFTER REPAIR VALUE: $1,000,000+ (wholetail potential in the mid $900Ks)
– CLOSING: October 15 (There is some flexibility but longer closing is preferred. This is an assignment sale.)
– TYPE: 2-storey detached
– BEDS/BATHS: 4 beds / 2.5 baths (most comps only have 3 beds!)
– PARKING: 1-car garage plus 1 driveway space
– BASEMENT: Unfinished, full height with 8 ft ceilings
– SQFT: 1,634
– LOT: 36′ x 80′
– AGE: Built in 2004
– PROPERTY TAX: $4,551 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Unfinished basement can be completed for added living space, future secondary unit, or increased resale
– Original finishes from 2004, can be updated as desired
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Move-in ready. No major renovations required.
– Roof replaced in 2021
– Furnace, AC and hot water tank approximately 1.5 years old
– 10 ft main-floor ceilings, 8.5 ft second-floor ceilings and 8 ft basement ceilings
– Walking distance to parks, schools, Beaty Branch Library, groceries and coffee, with easy access to Highways 401, 407 and the GO station.Ā Only 15 minutes to Mississauga
LISTING ID: 0726-MIL-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and moreā¦)
Thank you,
Aaron Moore, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca ā Wholesale Properties For Real Estate Investors
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