Realtors, bring your investor clients. This one works as a flip, BRRRR or primary!.
How can you profit?
1) Cosmetic Flip – Buy for $399K, update cosmetics and add a bathroom to nail that $670K list price! That is a $270K gross spread to complete your renovations without needing a full gut.
2) BRRRR / Two-Unit Conversion – Buy for $399K and add a basement unit to maximize your rental returns. Estimated rents are approximately $2,200/month upstairs and $1,400/month downstairs, or about $3,600/month total. Modernize, rent and refinance against the $670K ARV.
3) Realtors, Bring Your Clients – Both your investor and end user clients will find value in this detached bungalow – 2.5% Co-Op included at $412K!
SUMMARY:
- LOCATION: London, ON (Griffith St and Byron Baseline Rd)
- PURCHASE PRICE: $412,000 (includes 2.5%+HST Co-Op)
- DIRECT BUYER DISCOUNT: $399,000 Or Best Offer
- AFTER REPAIR VALUE: $670,000
- CLOSING: September 10, 2026 (This is an assignment sale.)
- TYPE: Detached bungalow
- BEDS/BATHS: 3+1 beds / 1 bath
- PARKING: 3-car driveway parking, 1-car garage currently converted to workshop
- BASEMENT: Partially finished, full height, with bedroom
- SQFT: 1,527
- LOT: 60′ x 188′
- AGE: 1955
- PROPERTY TAX: $5,432 (2025)
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Paint, flooring and fixtures.
- Cosmetic refresh of kitchen and bathroom.
- Add a second bathroom to maximize returns.
- Replace the rear portion of the roof.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
- Oversized 1,527 sqft bungalow with an addition and large side workshop
- Full-height finished basement with a fourth bedroom and potential income layout
- Newer furnace and AC, with Boler Mountain nearby
LISTING ID: 0726-LON-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
*GTA AREA PS WEBPAGE LINK: https://www.housedealsgta.ca/go/investment-properties/
*OUTSIDE GTA AREA PS WEBPAGE LINK: https://www.housedealsgta.ca/preferred-buyers/
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