Nestled in the sought-after Rouge River Estates community, this spacious gem offers an unbeatable location! Steps from Costco, Home Depot, Canadian Tire, parks, schools, and more, with easy access to Steeles Ave, Hwy 407, and transit. Built in 1997 and meticulously maintained, this 27-year-young home boasts incredible size and charm. Inside, you’ll find some of the largest bedrooms around, a grand primary suite with dual walk-in closets and a 5-piece ensuite, and a fully finished basement with a kitchenette, fireplace, and two extra bedrooms—perfect for rental potential. With hardwood floors, 9 ft ceilings, abundant natural light, and move-in-ready condition, this home is a rare find!
How can you profit?
1) Easy Flip/Wholetail: Buy for $1.4M and consider listing as-is without renovations to fetch around $1.5M. Some cosmetic updates would most likely boost the value into the $1.7s.
2) Move In: You can very comfortably move in to this property as-is and enjoy for many years before updates are required. If you like things fancy, update whatever you like at your own pace!
3) Realtors, bring your clients and we’ll pay you 2.5%. There’s lots of time for your buyers to get a bank mortgage, and the recent increase in price cap for insured mortgages means they’ll need less cash to close!
SUMMARY:
– LOCATION: Markham, ON (Hwy 407 & Markham Rd)
– NEW PURCHASE PRICE $1.45M Or Best Offer (Includes 2.5% Co-op for Realtors)
– DISCOUNTED DIRECT BUYER PRICE: $1.4M Or Best Offer
– CURRENT MARKET VALUE: Around $1.5M
– AFTER REPAIR VALUE: The most recent sale on the street was for almost $1.8M, and as far as we can tell, it didn’t even have a finished basement.
– LONG CLOSING: April 30, 2025 (Lots of time to get a bank mortgage! This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4+2 Bedrooms/2.5+1 Bath
– PARKING: 2 Car Garage Plus 4 Driveway Spaces
– BASEMENT: Finished with 2 bedrooms, full bath and plumbing roughed in for a kitchen! There are TWO entrances to the basement. Easy to convert to an apartment if you choose.
– SQFT: 2,980
– LOT: 50’ x 101’
– AGE: 1997
– PROPERTY TAX: $6,287 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Spruce it up with a paint job. Maybe that’s all you do!
– Keen investors may update kitchen, baths, flooring.
– Roof, furnace, A/C etc seem to be in the 10-15 year range. Windows are original but no reported issues.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Great discount in great location…is this your new family home?
– Spring 2025 closing means more time for market to respond to falling interest rates. Buy with equity!
LISTING ID: 1224-MAR-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
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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