Who’s looking for a profitable property?
This is your chance to score a highly profitable and easy flip in Guelph—one of Ontario’s most stable and desirable markets. Priced at just $579K with an ARV of ~$850K, this detached bungalow offers a massive spread and the kind of fundamentals flippers love: clean layout, separate basement entrance, two kitchens, and a fast, vacant closing.
Minutes to Riverside Park, walking trails, shopping, transit, schools, and Guelph General Hospital. The area’s mix of families, students, and professionals makes this an easy resale or rental.
The bones are solid with a 1959 structure that’s been well cared for—roof is 2–5 years old, windows are in great shape, furnace and AC are both ~10 years and running well. Basement has tall ceilings, 2 beds, full bath, kitchen, laundry, and its own entrance. Outside, the lot is a tidy 89’ x 68’, with a 3–4 car driveway and 1-car garage.
How can you profit?
1) Fix & Flip – Modernize the kitchens and bathrooms to hit top-of-market resale value (~$850K).
2) Wholetail – Clean it up and relist without renos to a buyer looking to move in with equity.
3) Long Term Rental – Collect around $4300/month and enjoy regular positive cash flow! 3 bed uppers rent around $2500/month. 2 bed basements around $1800/month. You’ll get more if they’re nicely renovated!
SUMMARY:
– LOCATION: Guelph, ON (Victoria Rd & Eramosa Rd)
– PURCHASE PRICE: $579,900 Or Best Offer
– AFTER REPAIR VALUE: $800k-$850k, depending on finishes. A lovely renovated 2-unit just sold for $850k nearby.
– CLOSING: July 29, 2025 (But very flexible. This is an assignment sale.)
– TYPE: Detached Bungalow on Corner Lot
– BEDS/BATHS: 3+2 beds/1+1 bath
– PARKING: 3-4 car driveway + 1-car attached garage
– BASEMENT: Finished w/ 2-bed/1 bath apartment (separate entrance)
– LOT: 89’ x 68’
– SQFT: 965
– AGE: 1959
– PROPERTY TAX: $4,144 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Main floor bedrooms need some minor work to turn them back into true bedrooms.
– Cosmetic updates throughout.
– Junk/furniture removal
– Replace garage door (optional cosmetic update)
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Clean, well-maintained home with great bones
– Roof, furnace, A/C, and windows all in solid shape
– Fully finished basement apartment w/ full height ceilings and sep entrance
LISTING ID: 0625-GUE-F01
Please let us know if you want to view it or if you want the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Get notified of only the deals you are interested in by telling us your areas of interest. We notify you by email based on the geography you want. PUSH HERE to get the deals you want.