Who’s looking for a profitable property?
Nothing sold under $600K in the area since 2019!
Buy this Scarborough detached for $549k OBO and sell into a market where renovated homes are reaching around $875,000, with custom homes on similar lots pushing $1.5M. The house needs a deep cosmetic renovation, but the footprint is workable at 1,041 sq ft, there is space to create a third bedroom on the main floor, and the location continues to do the heavy lifting on value with Victoria Park subway within walking distance and fast access to the DVP, Warden Station, the upcoming Eglinton LRT, top rated schools like Clairlea PS and SATEC @ W.A. Porter. Multiple exit paths remain open for flippers, developers, and buyers who want to renovate and hold.
How can you profit?
1) Build and Hold or Resell – Detached homes on similar lots in this pocket are seeing much stronger value when redeveloped or fully repositioned (around $1.5M!). Developers and land bankers may like this one simply because it is a low-entry detached Scarborough property in an area with stronger surrounding value.
2) Fix & Flip – Buy at $549,900, perform a full renovation, improve the layout by creating a third bedroom on the main floor, and sell in the mid $800s. This is the clearest value-add path for buyers who want to maximize resale and capitalize on the spread.
SUMMARY:
– LOCATION: Scarborough, ON (St. Clair Ave E & Pharmacy Ave)
– PURCHASE PRICE: $549,900 Or Best Offer 535
– AFTER REPAIR VALUE: $825,000-$875,000
– NEW BUILD VALUE: Around $1.5M
– CLOSING: May 28, 2026 (This is an assignment sale.)
– TYPE: 2-storey Detached
– BEDS/BATHS: 2 beds (easy conversion to 3 beds) / 1+1 baths
– PARKING: 2 driveway spaces
– BASEMENT: Finished basement with very low ceilings
– SQFT: 1,041
– LOT: 25’ x 104’
– AGE: 1922
– PROPERTY TAX: $3,551.75 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– A brand new build is likely the most lucrative play for this property.
– Major interior renovation (cosmetics +)
– Rework the main floor layout if you want to create a third bedroom for maximum resale value
– Older windows, wiring, and mechanicals should be reviewed
– Cat odour treatment and general interior clean-up
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Strong spread at a $549k buy price with ARV in the mid $800s for a flip
– Custom homes on similar lots supporting long-term upside. Builders can exit around $1.5m
– Detached Scarborough entry point at a low price
– Walk to Victoria Park subway
– Space to add a third bedroom on main floor
LISTING ID: 0426-SCA-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Email us today for your info package. Who wants to make money on this one?
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