Who’s looking for a profitable property?
There’s $500k+ in spread and it needs serious work.
Buy at $879,900 OBO and sell at an ARV around $1.4M in a mature North York pocket near Bathurst and Steeles. The walkout basement already has a kitchen, full bath, bedroom, and separate access through two exterior doors, which gives investors a practical setup for a future in-law suite or income unit. The house is large at 2,310 sq ft, sits on a 53 x 118 ravine lot, and has a double garage. The value here is in the location, layout, and upside. Extreme mould damage means this is a full renovation play, but multiple exit paths remain open.
How can you profit?
1) Fix and Flip – Buy at $879k, renovate, and sell for $1.4M++. The home is already large, the ravine lot is strong, and the walkout basement adds value that retail buyers will understand. With this spread, flippers have a clear margin. Add a basement unit to maximize value – the lower level already has a walkout, two exterior doors, a kitchen, a full bathroom, and a bedroom.
2) Tear Down and Rebuild – With newly built detached homes in this pocket reaching $2-3M+, developers may consider starting fresh. The lot is 53′ x 118′ and sits on a ravine, which is the kind of setting that attracts premium buyers once rebuilt. For builders who specialize in infill projects, this could be an opportunity to create a custom luxury home and sell into the high-end North York market.
SUMMARY:
– LOCATION: North York, ON (Bathurst St & Steeles Ave)
– PURCHASE PRICE: $879,900 Or Best Offer
– AFTER REPAIR VALUE: $1,400,000++
– CLOSING: April 9, 2026 (Or sooner. This is an assignment sale.)
– TYPE: 2 Storey Detached Back Split
– BEDS/BATHS: 4+1 beds/2.5+1 baths
– PARKING: Double Garage Plus 2-3 Driveway Spaces
– BASEMENT: Unfinished
– SQFT: 2,310
– LOT: 53′ x 118′ (Ravine lot!)
– AGE: 1965
– PROPERTY TAX: $7,797 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full gut of the basement due to heavy mould damage
– General full renovation throughout (cosmetic updates)
– Repair water-damaged areas where leaks have affected ceilings and drywall
– Review and address any moisture issues before refinishing
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Walkout basement with kitchen, full bath, bedroom, and 2 exterior doors
– Big ravine lot in a mature pocket near Bathurst and Steeles
– Large 2,310 sq ft layout with double garage
LISTING ID: 0326-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, Tomomi Wang, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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PS. Email us today for your info package. Who wants to make money on this one?