Who wants to make the money on this property?
This is a no-brainer flip. The house next door sold for $670k and many similar houses are selling for over $700k when nicely renovated. Think about how you can make more money by using your décor skills or by adding a kitchen in the basement. We believe in you!… you can be creative and make this more beautiful and appealing than the $670k sale next door.
Location and no-brainer upside—this semi-detached gem in Oshawa is a golden opportunity for investors looking for their next profitable project. Nestled on a quiet cul-de-sac and directly across from a public school, it’s a perfect spot for young families or future tenants. Just a short walk to Lake Ontario and the scenic Oshawa Valleylands Conservation Area, this area offers top-notch outdoor amenities including parks, beaches, and nature trails. The home itself has great bones and is ready for a modern refresh—plus the unfinished but framed basement is a blank slate with strong income potential.
How can you profit?
1) Fix & Flip – Buy for $469k, renovate, then sell for $670k- just like the neighbour did. Put in more effort into your renos and selling, and you could sell over $700K like other nearby semis.
2) BRRRR or Long-Term Rental – Opportunity to add a basement suite and increase cash flow. Value can be over $700k with a basement apartment. This can rent for $4000-$4500 as a 2-unit or around $3000 as a single family home.
3) Move in after renos – And enjoy the wealth and equity you’ve just created for yourself. Realtors, we’re paying 2.5% or more on this one.
SUMMARY:
– LOCATION: Oshawa, ON (Ravine Rd & Wentworth St W)
– PURCHASE PRICE: $469,000 Or Best Offer
– AFTER REPAIR VALUE: $670,000 easily and over $700k with more effort.
– CLOSING: May 28, 2025, but a different closing date may be negotiable (This is an assignment sale.)
– TYPE: 2 Storey Semi-Detached
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: Up to 3 driveway spots
– BASEMENT: Unfinished but framed (in-law suite potential)
– SQFT: 1,086
– LOT: 32’ x 97’
– AGE: 1976
– PROPERTY TAX: $3,193 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– It’s time for lots of cosmetic renos!
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Prime location on a family-friendly cul de sac across from a school.
– Walking distance to Lakeview Park, beaches, and conservation trails—an outdoor lover’s dream.
– Bathroom has been recently updated, saving you reno costs. – Basement is already framed.
– Roof partially updated (2021).
– Seller has owned for ~40 years and is ready to pass this opportunity to a savvy investor.
LISTING ID: 0425-OSH-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 & Randall Reashore
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.