Who’s looking for a profitable property?
Flip or add a unit. This one’s set up for it.
Buy this detached bungalow for $419K and hit an ARV around $600K with a fully finished basement. There are multiple paths to adding value on this property. Paint and rent it as is, finish the basement for a full-value flip, or convert it to two units to maximize rental income!
The main floor is rent-ready, with cosmetic refresh optional, while the separate rear entrance and partially finished basement create a potential 2-unit conversion opportunity. The lot is a full 50 x 150, with easy highway access and Port Dalhousie within walking distance. Multiple exit paths remain open, whether you want a rental, a flip, or a below-market home with upside!
How can you profit?
1) Fix & Flip – Work with a $180K spread on a property that has good bones. Benefit from a nice neighbourhood surrounded by much higher-priced homes!
2) Add a Basement Unit – The separate entrance from the backyard and existing basement bedroom (not legal) give landlords a practical setup to explore a second unit or in-law style income space, buyer to verify. Estimated main floor rent is $1,900-$2,000/month, and a lower unit could potentially bring $1,100-$1,300/month. That puts estimated total rent over $3,000/month. Could you maximize your investment with a garden suite in this spacious lot?
3) Wholetail – With the cheapest detached in the neighborhood currently listed for $580K, this is a chance to buy a move-in-ready home for only $419K and step into over $100K instant equity on day one!
4) Realtors Bring Your Clients – Realtors, this is the kind of property that works for investor clients and value-focused end users alike. Help your buyer save $100K on their next property! With a large private lot, separate entrance, and upside to roughly $600K, there is a clear value story. Add your desired commission!
SUMMARY:
– LOCATION: St. Catharines, ON (Ontario St & Queen Elizabeth Way)
– PURCHASE PRICE: $419,000 Or Best Offer
– CURRENT MARKET VALUE: $530,000
– AFTER REPAIR VALUE: $600,000
– CLOSING: July 7, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2+1 beds/1 bath
– PARKING: 4 spaces in driveway (tandem parking)
– BASEMENT: Separate entrance, partially finished, full-height ceiling, fireplace
– SQFT: 1,047
– LOT: 50’ x 150’ (Large lot supports future garden suite potential)
– AGE: 1955
– PROPERTY TAX: $4,151 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic refresh of main floor.
– Finish basement (with an apartment / in-law suite for top-dollar returns).
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Separate rear entrance to full-height basement
– Rent-ready, update over time
– 50′ x 150′ lot with future garden suite potential
– Walking distance to Port Dalhousie and close to highway access
LISTING ID: 0426-STC-F01
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Tobias King, Georgia Godfrey, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Email us today for your info package. Who wants to make money on this one?
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