Who’s looking for a profitable property?
This home was previously available on MLS for $449K. Now’s your chance to scoop it up for only $299K (that’s a 33% discount)!
It’s a big lot, giving investors ADU potential and tenants / home owners space to enjoy! The lot backs onto the Magnetawan River, helping this property to stand out from the rest.
Though dated, there’s little work that needs to be done before move-in. The basement is unfinished, offering a blank slate for additional living space or storage. With 1,471 square feet above grade, 2 full bathrooms, and lot features other properties can’t compete with, there’s a clear path to a strong resale.
How can you profit?
1) Quick Flip / Easy Wholetail – This home is simply dated. For investors looking for a quick project, this one could be perfect! Though there are few renovated comps, recent sales in the area are generally selling in the low $400Ks (that’s for comps with smaller lots and without the river at the rear). That’s at least a $150K spread for an easy turnaround!
2) Buy and Hold – The home is already in rent-ready condition and is expected to bring in $2,000-2,500 in monthly rental income. The large 66 x 209 lot creates additional opportunity to add an ADU or secondary structure on the property.
3) Realtors: Bring Your Clients – If you know buyers looking for a great deal on their next property, this is the one! Now available at 33% off MLS price. Help your buyers get almost $150K in instant equity! 3% co-op included.
SUMMARY:
– LOCATION: Burk’s Falls, ON (30 minutes North of Huntsville, 1 hour South of North Bay)
– PURCHASE PRICE: $299,900 Or Best Offer (Includes 3% Co-op for realtors!)
– AFTER REPAIR VALUE: $450,000+
– CLOSING: November 26, 2026 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 beds / 2 baths
– PARKING: 2 cars in driveway
– BASEMENT: Unfinished
– SQFT: 1,471
– LOT: 66′ x 209′ (large lot supports future garden suite potential)
– AGE: 1910
– PROPERTY TAX: $2,515 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout the home as desired
– Consider finishing the basement for maximum value
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
LISTING ID: 1026-BUR-F01
GOOD NEWS:
– Huge 66 x 209 lot, significantly larger than recent comps
– $150K discount (that’s 33%!) compared to MLS price
– The lot backs onto the Magnetawan River
– Unfinished basement offers a blank slate for added living space
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 notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.