Who’s looking for a profitable property?
This property is for experienced investors who can handle a distressed property. As a renovation, this project offers a $400K spread. As a teardown, the spread is $500K+ depending on your plans for the new build.
With over 1,800 sqft this is larger than most comps in the neighbourhood, giving you an edge when it comes to resale. Similar-age and size comps in this neighbourhood are selling unrenovated in the mid-to-high $400Ks! If you’re up for it, this property comes at an incredible price.
The location sets this property apart from the rest. It backs onto a park and is steps away from Rainbow Bridge and the public trails around it. You also have easy access to downtown, and the highway, making it great for commuters!
How can you profit?
1) Full Renovation Flip – Post-renovation, comps of a similar age and size are consistently selling in the mid-$600Ks, and that’s without easy access to green space! Even unrenovated comps are selling in the mid-to-high $400Ks. For flippers who can handle a full project, this one has lots of potential!
2) Teardown and Rebuild – The 49 x 171 lot is in an amazing location! It’s a quiet, residential area, backing onto park, with easy access to downtown, and to the highway for commuters. Instead of restoring the existing structure, builders may prefer to treat this as a teardown. Recent new builds (on less nice lots) are selling in the mid-$700Ks.
3) Realtors: Bring Your Investor Clients – This is not an end-user project. Bring experienced flippers, contractors or builders who understand full-gut renovations and want a great price on their next project! 4% Co-op Included!
SUMMARY:
– LOCATION: Lindsay, Kawartha Lakes, ON (Pigeon Lake Rd & Verulam Rd)
– PURCHASE PRICE: $199,000 Or Best Offer (Includes a 4% commission for co-operating agents)
– AFTER REPAIR VALUE: $600,000
– CLOSING: August 3, 2026 (Flexibility here if needed. This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4 beds/1 bath
– PARKING: 2 approx driveway spots
– BASEMENT: Unfinished with low ceilings (previously a crawl space that was dug out, but not to full height)
– SQFT: 1,830
– LOT: 49’ x 171’
– AGE: 1880
– PROPERTY TAX: $2,480 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full-gut renovation or possible teardown. This is for experienced renovators and builders only.
– Significant junk, furniture and garbage removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Metal roof
– Large 1,830 sqft footprint with four bedrooms and a deep 49 x 171 lot
– Backs onto a park and only steps away from Rainbow Bridge and public trails
– Easy access to highways making it great for commuters
– Large spread for those who can handle the scope
LISTING ID: 0726-LIN-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, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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