Who’s looking for a profitable property?
Here is your chance to secure a rare, detached bungalow in Greely near Osgoode, one of Ottawa’s most desirable family communities. This area is known for its luxury estates, massive lots, green space, quiet streets, and strong long term appreciation. You are a short drive to downtown Ottawa, the airport, parks, shopping, schools, recreation and everyday amenities. Properties with this kind of land, this kind of price, and this kind of upside simply do not hit the market often. Properties with this kind of land, this kind of price, and this kind of upside simply do not hit the market often.
Sitting on 0.39 acre lot with parking for 20 plus cars, this detached bungalow is perfect for landlords and flippers who want a big spread without heavy risk. The numbers work on every exit strategy. With an ARV around $600,000 and purchase price of only $285,000, buyers have a path to instant equity, rental income, and a strong long-term hold in a growing Ottawa pocket.
How can you profit?
1) Fix and Flip – Cleaned up comps are selling in the 450K plus range. With cosmetic updates only, the spread is strong. A more complete renovation of 100K+ can push your resale into the 600K range. Plenty of margin for Ottawa flippers.
2) Buy and Hold BRRRR – Rents for similar homes are in the 2500 to 2600 range. With a mortgage around 350K, payments would be about 1480 plus 200 in taxes. That gives you positive monthly cash flow plus over 200K in built in equity. Rare numbers in Ottawa.
3) Move In with Equity or Easy Wholetail – For end users or wholetailers, this is a chance to secure a detached home on a massive lot at a price far below nearby sales. Some buyers will simply clean out the property, handle minor cosmetics, and relist toward 450K or move in with immediate equity.
SUMMARY:
– LOCATION: Greely, ON (Evening Shadow Ave & Bank St)
– PURCHASE PRICE: $285,000 Or Best Offer
– AFTER REPAIR VALUE: $590,000
– CLOSING: January 14, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds/1 bath
– PARKING: 20 plus cars. Massive lot.
– BASEMENT: Unfinished basement. Approx 6 foot height
– SQFT: 1,295
– LOT: 0.39 Acres, Big Lot! Irregular 100’ frontage, 127’ rear, 140’ depth approx..
– WATER: Well
– SEWER: Septic
– AGE: 1955
– PROPERTY TAX: $2,612 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates recommended throughout the home to maximize value.
– Furnace and AC are from 2005. Roof from 2007.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Buy at a big discount in a high demand Ottawa suburb
– Big 0.39 acre lot with 20 plus car parking
– Perfect for landlords with strong rent comps
– Huge spread for flippers with light cosmetic renos
– Long term growth area surrounded by luxury estates
LISTING ID: 1125-GRE-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
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.
PS. Email us today for your info package. Who wants to make money on this one?