Who’s looking for a profitable property?
This is your shot to grab a detached bungalow for just $378,000 and create serious upside. Youâre walking distance to downtown, groceries, and parks, with the 401 just minutes away.
The layoutâs ready for a savvy investor: 2+3 beds, 2 FULL baths, a side entrance to the basement, and a finished lower level with bedrooms and a bathroom already in place. Add a kitchenette and egress, and youâve got a functional (though not legal) rental suiteâor keep it as bonus family space.
Yes, the home needs some cosmetic updates and a roof vent repair, but itâs in livable shape today. And with an ARV in the $600s, thereâs real spread here for a flip, or move-in buyer who sees the value.
The detached garage with its own electrical panel (though it could use an upgrade) and the quiet residential area round out the package. Whether youâre a flipper, landlord, or handy end-user, this is a deal that works.
How can you profit?
1)Fix & Flip: Easy cosmetic reno + refresh could bring resale value around $620K+.
2) Rent as Single Family Home: Rent out as a 5 bedroom single family and cash flow day 1! Itâs almost rent ready as-is.
3) Move-In with Equity: Fix it up over time while adding long-term value. Once you patch the leaky roof and repair some minor water damage, itâs liveable as-is!
BONUS IDEA: Add In-Law Suite. Add a kitchenette & egress windows to convert the basement into an in-law suite. The ceilings are on the lower side, so a legal conversation may not be an option.
SUMMARY:
– LOCATION: Oshawa, ON (Ritson Rd & Stacey Ave)
– PURCHASE PRICE: $378,000 Or Best Offer
– AFTER REPAIR VALUE: Low $600s
– CLOSING: August 19 â September 30, 2025 (Sellerâs choice. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2+3 beds/1+1 bath
– PARKING: 1.5 car detached garage, plus parking for 3 cars in the driveway + ample street parking
– BASEMENT: Separate entrance. Finished with 3 bedrooms and a full bathroom; low ceiling height but side entrance already in place
– SQFT: 940
– LOT: 40â x 95â
– AGE: 1946
– PROPERTY TAX: $3,980 (2024)
– POSSESSION: Vac ant
RENOVATIONS NEEDED:
– Cosmetic refresh of the main floor and basement
– Patch roof vent leak and repair minor water damage
– Add kitchenette and egress window for basement conversion potential
– Update electrical panel in garage (currently old fuses)
– Furnace is functional but ~25 years oldâfactor for future replacement
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– 3 bedrooms in the basement!
– Quiet residential location, walking distance to groceries, parks, and downtown Oshawa.
– Detached garage with powerâgreat for workshop, hobby space, or additional storage.
– Minutes to Hwy 401, making this ideal for commuters or future resale.
LISTING ID: 0725-OSH-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and moreâŠ)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca â Wholesale Properties For Real Estate Investors
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PS. Email us today for your info package. Who wants to make money on this one?