Who’s looking for a profitable property?
This Scarborough semi only needs cosmetic work. Is great for a quick wholetail or full reno depending on your goal. Almost all big ticket items are new since covid. $200k Spread available for buyers looking for a flip or for less work for a quicker exit wholetail for a $100k + spread. With easy access to the TTC and the 401 this property is great for commuters and end users it is also close to the University of Toronto and Centennial College making it an easy rental option for landlords.
How can you profit?
1) Full Reno Flip – Properly renovated homes in this area are selling in the high $700Ks. That’s a $200K spread on a home where almost all the big-ticket items are already updated!
2) Easy Wholetail – Clear out the junk and furniture, update some key cosmetics, stage, and list. Comparable semis in this Scarborough pocket are trading in the mid $600Ks to mid $700Ks. That’s over a $100K spread for a cosmetic project!
3) Buy & Hold / Rental – Semi-detached homes in this Scarborough pocket typically rent in the 2,300-2,800/month range for the full house. With a low purchase price and only cosmetic reno’s needed this makes for an easy rental!
4) Add a Basement Unit – The basement is already finished with good ceiling height, and a bathroom giving you a strong starting point for a future secondary suite. If a separate entrance can be added, this opens up a second income stream on top of main floor rent.
SUMMARY:
– LOCATION: Scarborough, ON (Neilson Rd & Finch Ave E)
– PURCHASE PRICE: $589,000 Or Best Offer
– AFTER REPAIR VALUE: $750,000
– CLOSING: November 12, 2026 (Some flexibility if needed. This is an assignment sale.)
– TYPE: 2 Storey Semi Detached
– BEDS/BATHS: 3 beds / 1.5 baths
– PARKING: Driveway parking for 2 cars
– BASEMENT: Finished, good ceiling height
– SQFT: 1,140
– LOT: 26′ x 109′
– AGE: 1976
– PROPERTY TAX: $2,896 (2025)
– POSSESSION: Vacant
– POTENTIAL RENT: 2,300-2,800/month
RENOVATIONS NEEDED:
– Cosmetic renos as desired throughout.
– Potential 2-unit basement conversion.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 1026-SCA-F01
GOOD NEWS:
– Finished basement with good ceiling height
– Roof updated in 2020, furnace, AC, and hot water tank updated in 2022
– 2 parking spaces on a semi-detached lot
– Solid 3 bed, 1.5 bath layout at 1,140 sqft
– Close to University of Toronto, Centennial College and close to 401 with easy TTC access
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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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