Who wants a profitable property to start the new year?
Most flippers can expect a $200K spread, but make sure you check out the comp from last month that sold for almost $600K! With top-quality finishes and an in-law suite this comp demonstrates the potential upside for the right flipper.
Or, for investors wanting less work and less risk, consider wholetailing! With a good clean, and some cosmetic improvements, similar properties in this area are selling in the high $300Ks to low $400Ks. Though the spread is smaller, the reduced expenses will still allow you to generate a strong profit.
This detached bungalow in the Haig neighbourhood of St. Catharines is close to schools, shopping, and is only 500m from the QEW. The 897 sqft layout is simple, functional, and will help control the scope of this project.
How can you profit?
1) Quick Wholetail – Clean it out, update some key cosmetics, stage, and list. Most wholetail comps are selling in the high $300Ks to low $400Ks, giving you a $100K-$150K spread for minimal work!
2) Full Reno Flip – For flippers who want to push value further, renovated homes in this neighbourhood are selling in the mid to high $400Ks giving flippers a $200K spread. For real inspiration, check out 74 Patrick st which sold 3 weeks ago for almost $600K potentially opening the door for a $300K+ spread with the right upgrades!
3) Buy & Hold Rental – Full house rentals of this size are renting for $2,200-2,700 / month. Clear the junk, complete high-priority upgrades and carry this property into a better market. The separate basement entrances creates 2-unit potential!
SUMMARY:
– LOCATION: St. Catharines, ON (Carlton St & Geneva St)
– PURCHASE PRICE: $269,900 Or Best Offer
– AFTER REPAIR VALUE: $450,000 (Check out the comp from last month that sold for almost $600K!!)
– CLOSING: January 5, 2027 (Some flexibility if needed, longer closing preferred. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds / 1 bath
– PARKING: Driveway parking – 1 car.
– BASEMENT: Unfinished with separate entrance. Basement height approximately 6’4”
– SQFT: 897
– LOT: 33′ x 105′
– AGE: 1923
– PROPERTY TAX: $3,144 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates as desired throughout.
– Consider finishing the basement for maximum resale value.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 1026-STC-F01
GOOD NEWS:
– Easy wholetail or full reno. Multiple exit paths remain open.
– Separate basement entrance creates 2-unit potential!
– Simple, 897 sqft layout helps control scope and keep reno costs manageable.
– Priced for a quick, low-risk turnaround.
– Located in the Haig neighbourhood, close to the QEW, schools, and shopping.
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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.