Who’s looking for a profitable property?
This neighbourhood continues to climb thanks to new transit, strong rental demand, schools, parks, shops and unbeatable access to TTC, Stockyards, Corso Italia, Black Creek, Highway 400 and Highway 401. Keelesdale is known for steady end user demand and landlord stability, making it a top choice for flippers, buy and hold investors and househackers.
The home offers two existing units, a separate entrance, a finished basement, multiple parking options and a solid 28 foot by 100 foot lot. With comparable detached homes in Keelesdale already selling as-is in the $800s, you are purchasing far below the neighbourhood’s baseline detached pricing from day one. With an ARV of $900K+ after cosmetics, the spread is clear and supported by active resale data in this exact pocket.
PROBATE ADVANTAGE FOR INVESTORS
This property must clear probate before closing, and the final closing date will be set once that process is complete. For the right buyer, this becomes a built in advantage. You lock in a discounted Keelesdale detached at $674,900 OBO while the market continues appreciating during the wait. There are no immediate carrying costs and no need to deploy renovation capital until probate clears.
For landlords, flippers and househackers who understand the value of detacheds in Keelesdale, this waiting period can effectively create equity for you before you even take possession.
How can you profit?
- Fix and Flip: Buy for $674,900 OBO, complete cosmetic updates on both levels and target an ARV around $900K+. Flippers have a clean path to a $225K+ spread backed by real comparable sales.
- Buy and Hold Rental: Two units already exist. Add cosmetic improvements and reconfigure the basement if desired into a 2 bed unit. Rental comps support $2500-$3000 for the main floor once updated and $1800-$2150 for the basement.
- Househack with Equity: Live upstairs and rent out the basement to offset most of the mortgage. Build equity with simple upgrades while securing a detached Keelesdale property at a meaningful discount.
SUMMARY:
- LOCATION: Keelesdale, Toronto (Keele St. & Eglinton Ave)
- PURCHASE PRICE: $674,900 Or Best Offer
- AFTER REPAIR VALUE: $900,000+
- CLOSING: After probate clearance. Final date confirmed once the estate completes the process
- TYPE: Detached Bungalow
- BEDS/BATHS: 2+1 beds / 1+1 bath
- PARKING: 1.5 garage plus front parking. Street parking available outside rush hour
- BASEMENT: Finished
- SQFT: 869
- LOT: 28’ x 100’
- AGE: 1947
- PROPERTY TAX: $3,297 (2024)
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Cosmetic updates
- Cigarette smoke smell in basement
- Roof of house and garage need work
- Some windows original, some updated
- Some junk and furniture removal
- Please view the pictures and videos for ideas on what you’d like to renovate
GOOD NEWS:
- $225K+ upside with ARV around $900K+
- As-is Keelesdale comps selling in the $800s
- Two existing units with separate entrance
- TTC access, Stockyards, 400/401, parks, schools
- Vacant possession on closing
- Large lot with multiple parking options
- Probate window can build equity during the wait
LISTING ID: 1125-YOR-F01
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, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – 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?