Who’s looking for a profitable property?
This one’s for experienced builders and flippers who can handle a completion project.
There’s $1.25M in gross spread between the $1.35M purchase price and the $2.6M ARV.
The real leverage here is the 61’ x 210’ lot in Willowdale. It is significantly larger than most lots in the immediate area and gives you multiple ways to approach the property. Complete the existing two-storey addition and target the $2.6M ARV, create a custom home for yourself, or explore redevelopment. The existing construction is substantially unfinished and there are open building permits to assume, but the project presents major upside for buyers who understand construction!
How can you profit?
1) Complete the Build & Flip – Buy for $1.35M, complete the existing two-storey addition and sell in a neighbourhood where properties this size are selling for $2.6-2.8M! Keep in mind, those comps are on significantly smaller lots without pools! Take this one the final leg to the finish line for the big payoff.
2) Build & Live In With Equity – Forget keeping up with the Joneses – YOU will be the Joneses living on this rare 61’ x 210’ lot with a swimming pool! End users with construction experience can purchase at $1.35M, finish the home, and still walk away with $100s of thousands in equity after it appraises at $2.6M.
3) Realtors, Bring Your Clients – don’t let your flippers and developer clients miss out on this one – 2% Co-Op Included at $1.38M!
SUMMARY:
– LOCATION: North York, ON (SW of Young St and Finch Ave W)
– PURCHASE PRICE: $1,380,000 (includes 2%+HST Co-Op)
– DISCOUNTED DIRECT BUYER PRICE: $1,350,000 Or Best Offer
– AFTER REPAIR VALUE: $2,600,000+
– CLOSING: September 17, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow with unfinished two-storey addition
– BEDS/BATHS: 4 beds/1 bath
– PARKING: 2-car tandem garage with access to backyard, 2-car driveway parking
– BASEMENT: Finished, full height
– SQFT: 4,030 (as planned); 1,382 (original structure)
– LOT: 61’ x 210’ (oversized lot supports future redevelopment and garden suite potential, buyer to verify)
– AGE: 1950
– PROPERTY TAX: $9,607 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Major completion work required on the unfinished two-storey addition.
– Many windows in the new addition not yet installed.
– Interior finishing throughout the addition is required.
– Furnace and AC are older.
– Buyer to assume open building permits and verify the status of permits and outstanding construction requirements.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Massive 61’ x 210’ lot creates redevelopment options.
– In-ground pool, an amenity the comps don’t have.
– Roof approx. 2 years old.
– Full height, finished basement.
– Tandem garage provides access through to the backyard.
– Approximately 5 minutes to Finch TTC Subway Station, with Churchill Public School on the same street.
LISTING ID: 0826-NOR-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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