Who’s looking for a profitable property?
In this market, similar comps are selling in the high $200Ks and low $300Ks. Even partially renovated comps are selling in the high $300Ks giving you a $200K spread without the need for an extensive renovation. Simply bring the house back to move-in-ready condition and re-list!
The massive 63 x 240 lot is an end user’s dream, or it can create ADU potential! Located on a quiet street, across from the lake, and only a 500 meter walk to the public dock and community access point!
How can you profit?
1) Move In With Equity – Buy this detached bungalow for only $185K while similar properties are selling in the high 200Ks and even low $300Ks! End users benefit from over $100K in instant equity without paying retail market pricing.
2) Easy Wholetail – Even dated properties selling in the high $300Ks. The small sqft keeps your reno costs low, and you have a $200K+ spread without having to deliver a luxury renovation.
3) Future ADU – The 63 x 240 lot gives long-term investors room to explore a detached additional dwelling unit. Even a future one-bedroom unit could provide significant additional income!
4) Realtors Bring Your Buyers – Whether they’re investors or end users, there are few properties in the $100Ks that aren’t priced for a bidding war! (5% co-op included)
SUMMARY:
– LOCATION: Vermilion Lake (about 35KM outside Sudbury)
– PURCHASE PRICE: $199,900 (Includes 5% co-op for agents)
– DIRECT BUYER DISCOUNT: $185,000 Or Best Offer
– AFTER REPAIR VALUE: $385,000 (As-is comps selling in the high $200Ks and low $300Ks)
– CLOSING: September 3, 2026 (Flexible if needed. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds/ 1 bath
– PARKING: Driveway – can fit 4 cars
– BASEMENT: Unfinished with approximately 7 ft ceilings
– SQFT: 1,120
– LOT: 63’ x 240’ (Large lot may support a future additional dwelling unit?)
– AGE: 1978
– PROPERTY TAX: $3,077 (2025)
– POSSESSION: Vacant
– WELL/SEPTIC: Private well and septic
RENOVATIONS NEEDED:
– Cosmetic updates throughout the home as desired.
– Oil furnace was recently inspected and described as nearly new.
– Living room flooring needs to be installed.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Purchase BELOW tax-assessed value
– As-is comps selling in the high $200Ks and low $300Ks
– Across from Vermilion Lake, 500M to the community dock / access point.
– Massive 63 x 240 lot with future additional dwelling unit potential
– Large wrap around deck with accessible ramp.
LISTING ID: 0726-CHE-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
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.