Who’s looking for a profitable property?
With 1,505 square feet, 3 beds, and 2 baths in the main home and the 2024-built carriage house (ADU potential) offering a self-contained 1-bed, 1-bath unit, the property is perfect for house hackers and multi-generational families. Even outdated and builder-grade homes are selling in the $730s without an ADU – you can feel confident you’re buying this updated two-for-one well below market value!
While the house suffers from some uninspired fixtures, finishing and staging, the big-ticket items are 5 years old or less (roof, windows, furnace and AC) – take this to the next level and aim to beat the 1+2 bed bungalow $800K sale right next door (no ADU)!
How can you profit?
1) Easy Flip / Wholetail – With the main house mechanicals all updated since 2021 and the carriage house (ADU potential) built in 2024, you can keep your flip fast and your budget under control. Buy for $599K, do a light cosmetic refresh, staging and target a quick sale at $800K!
2) Move-In With Equity – Builder-grade / outdated homes with no ADUs are selling in the $730s, and did we mention this house offers a roof, furnace and windows that are all 5 years old or less?! Buy for $599K, move-in immediately and sleep soundly on approximately $150K+ of equity day one!
3) ADU / House Hack –With area basement units renting for $1,500-$1,800/mo, you can buy for $599K, and supercharge your financial plan by renting out the carriage house – have the house pay for its own upgrades, all while maintaining your private space!
4)Realtors: Bring Your Clients – Don’t let your flippers and bargain hunting end-users miss out on this one – 2.5% Co-Op included at $617K!
SUMMARY:
– LOCATION: Clarington, ON (NW of King St E & Scugog St)
– PURCHASE PRICE: $617,000 (Includes 2.5%+HST Co-Op)
– DIRECT BUYER PRICE: $599,000 Or Best Offer
– CURRENT MARKET VALUE: approx. $750,000
– AFTER REPAIR VALUE: $800,000-$850,000 (Next door 1+2-bed, NO ADU sold for $800K!)
– CLOSING: November 26, 2026 (Flexibility for earlier. This is an assignment sale.)
– TYPE: Detached Bungalow with Carriage House (ADU potential)
– BEDS/BATHS: 3+1 beds / 2+1 baths
– PARKING: 2-car detached garage, plus 10-car driveway parking!
– BASEMENT: Partial
– SQFT: 1,505
– LOT: 111′ x 277’ (irregular, ~0.56 ac)
– AGE: 1958
– PROPERTY TAX: $6,498 (2025)
– POSSESSION: Vacant on closing
– POTENTIAL RENT (ADU): $1,500-$1,800/month (based on area basement rentals)
RENOVATIONS NEEDED:
– Light cosmetic updates throughout
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
LISTING ID: 1026-CLA-F01
GOOD NEWS:
– Separate carriage house (2024), ~700sf, 1-bed, bath, kitchen and laundry (ADU potential)
– Newer roof (2021), furnace (2021), AC (2021) and windows (2024)
– Up to 12-car parking – tenants, family gatherings? No problem!
– Builder-grade / outdated comps in the area are selling in the $730s and none have a carriage house ADU!
– Next door, a fully renovated 1+2 bed bungalow sold for $800K, also with no carriage house ADU!
– Minimal work required, mostly upgrading fixtures and finishes for full ARV
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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