Who’s looking for cheap houses to buy in Scarborough with real profit potential?
This house has good bones and offers over a $250K spread. With smaller, dated comps selling on MLS in the high $800Ks and low $900Ks, this one has lots of room for profit. For buyers searching for houses for sale in Scarborough with real upside, this is the kind of deal that stands out. Ask us for the info package and check out the 2-unit ARV that sold last summer for $1,250,000!
With good bones, this Scarborough detached is built around investor fundamentals. The layout also gives you flexibility. With a basement kitchen, full bathroom, bedroom, and separate laundry, a 2-unit conversion will be easy. Compared to many Scarborough houses for sale, this one gives investors a clearer path to value-add profit.
Let the location do the heavy lifting. This property sits in Highland Creek, one of Scarborough’s most established pockets, where even vacant lots smaller than this one are listed on MLS higher than this purchase price. You’re minutes from U of T Scarborough, Centennial College Morningside Campus, and the Toronto Pan Am Sports Centre, giving future buyers or tenants access to major education, employment, recreation, transit, and daily lifestyle demand. That combination is exactly what helps support resale value, rental demand, and long-term buyer appeal. Investors are not just buying the house here, they’re buying into a location with strong fundamentals and multiple demand drivers already built in, especially for anyone comparing Scarborough real estate listings for below-market opportunities.
How can you profit?
1) Easy Flip – With over a $250K spread, you’ve got options! Update cosmetics and resell into a market where detached homes are listed and selling well over $1M. ARV is $1M+, giving flippers a large margin without taking on a full gut project.
2) Add a Basement Unit – The basement already has a bedroom, kitchen, bathroom, full-height ceiling, and its own laundry. Add a proper separate entrance and you have a real 2-unit income play. Estimated rents are about $2,800-$3,100/month upstairs and $1,400-$1,600/month downstairs, putting total potential rent around $4,200-$4,600/month.
3) Easy Wholetail – Even with modest improvements, there are smaller comps selling on MLS in the high 800’s and low 900’s. A deep clean, junk removal, and fresh paint, can work wonders! For investors who want a faster project with controlled scope, this one is for you.
4) Real Estate Agents – Whether for end users or flippers, bring your buyers! Get into Highland Creek at a steep discount, and either move in with significant equity, or make this your next flip. Bring your closers! (2.5% co-op commission included)
SUMMARY:
– LOCATION: Scarborough, ON (Ellesmere Rd & Meadowvale Rd)
– PURCHASE PRICE: $719,000 Or Best Offer (includes 2.5% commission for co-operating real estate agents)
– AFTER REPAIR VALUE: $1,000,000+ (Check out the 2-unit comp that sold last summer for $1.25M!!)
– CLOSING: July 15, 2026 (Not flexible. This is an assignment sale.)
– TYPE: 2-Storey Detached
– BEDS/BATHS: 3 bedrooms, 1.5 baths above grade, 1 bed 1 bath below grade
– PARKING: 4 spaces in driveway + 1 garage space
– BASEMENT: Full-height basement with kitchen, bathroom, bedroom and separate laundry. Separate entrance to be added for 2-unit use
– SQFT: 1,330
– LOT: 30’ x 105’
– AGE: 1985
– PROPERTY TAX: $4,170 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout
– Big-ticket items aren’t new, but shouldn’t require immediate attention
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Detached 2-storey in Scarborough in the low $700Ks with a $250K+ spread
– Basement already has kitchen, bathroom, bedroom and its own laundry
– Windows updated in 2017
– No sidewalk on driveway for easier parking
– Minutes to Highway 401, U of T Scarborough and Centennial College
– Less expensive than vacant land comps on market
LISTING ID: 0426-SCA-F02
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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get notified about these cheap houses to buy in Scarborough as soon as they become available. Sometimes these discounted 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?