Who’s looking for a profitable property?
This property is in the highly desirable Mineola area of Mississauga. It has a new addition that almost DOUBLES the sq ft of the home. It’s now significantly larger than most older comps in the area and is a more similar size to many of the new builds. The addition is 95% complete with only minor things (like railings) needed to close out the open building permit. Since half the house is newly built, you have the opportunity to flip with half the house already done! The original house is dated but livable, giving you multiple exit paths to profitability!
How can you profit?
1) Fix and Flip – Buy at $1,079,000 OBO, modernize the original home, finish the addition properly, then sell into a market where significantly smaller ARV comps are selling for $1.5M. With this spread, flippers have a clear margin without taking on a teardown level project.
2) Add a Second Living Area (Short Term or Long Term) – The addition functions like a second “home within the home”. With its own entrance through the garage, it could be turned into a separate living space for either long term or short term rentals! Though the addition is almost finished, it was not built with income potential in mind. Meaning that you would need to make some significant changes if this is your vision.
3) Move In With Equity – Though dated, the original house is still completely livable. End users can move in immediately, and use the significant savings to fund gradual renovations to turn this into your dream home!
4) Realtors: Bring Your Clients – This is not a typical listing. It’s got a big square footage, and half the house is newly built. If you have buyers who understand value and don’t mind putting in a little effort, this could be an incredible opportunity to bring them a deal hundreds of thousands below market!
SUMMARY:
– LOCATION: Mississauga, ON (Cawthra Rd and Lakeshore Rd E)
– PURCHASE PRICE: 1,079,000 Or Best Offer
– AFTER REPAIR VALUE: 1,500,000+
– CLOSING: March 18, 2026 (Seller willing to close sooner! This is an assignment sale.)
– TYPE: 3 Storey Detached
– BEDS/BATHS: 4+1 beds/2 baths
– PARKING: 2 spots on the driveway and 1 in the garage
– BASEMENT: Full height, partially finished
– SQFT: 2,816
– LOT: 44’ x 100’
– AGE: 1947
– PROPERTY TAX: $9,708 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Minimal finishes needed to close out the open permit from the addition (stair handrails, trim etc).
– Cosmetic updates to the original home (kitchen, baths, paint, flooring, fixtures).
– Possibility to convert addition into separate living space for income potential!
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– $1,079,000 OBO buy price with ~$1,500,000 ARV
– 2,816 sq ft, Much larger than most comps (other than the $3m new builds)
– 3 storey addition started in 2020, 95% complete
– Separate access to the addition setup through the garage
– Roof redone in 2022. Furnace and AC in 2016
– Pool on site with heating system (condition to be verified by buyer)
LISTING ID: 0126-MIS-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 & Tobias King
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?