Who’s looking for a profitable property?
Attention builders and land bankers. This is a gutted teardown on a 0.77-acre R3 lot in Pickering’s prestigious Rougemount pocket – and the slow, expensive part is already done for you! The severance into two fully serviced lots is complete except for final PIN registration, $60K+ in development and servicing costs are already covered, and architectural plans for both lots are in hand.
You’re surrounded by new multi-million-dollar custom mansions and million-dollar townhomes in this high demand neighbourhood just minutes to Hwy 401, the GO Station and transit! Bring your build team and step into a project where the servicing and planning groundwork is largely behind you. Homes on lots with half the frontage are selling for $1.9M, and townhomes on a quarter of the frontage are going for $960K+ – there are multiple strategies that pencil!
How can you profit?
1) Sever & Build Two Custom Homes – Two fully serviced lots, plans ready for both. Buy at $1.17M, build two single family homes and sell on a street where homes with 50’ frontage trade at $1.9M+, and sell for a total of $3.8M!
2) Land Banker / Builder Flip – Don’t want to build? Buy the assembled, near-severed land at entry and resell to a builder or simply hold. A short redevelopment lot on the same street sold for $720K at roughly 56% of this lot’s size, and yours comes further ahead with two serviced lots and plans. Could you get more for two premium lots?
3) Townhome Upside (buyer to verify) – Explore 3–4 freehold townhomes; new towns on this street sell around $965K! Buyer to verify rezoning requirements. With $2.8M-$3.8M in resale value, is it an option worth exploring?
SUMMARY:
– LOCATION: Pickering, ON (NW of Kingston Rd & Altona Rd)
– PURCHASE PRICE: $1,170,000 Or Best Offer
– AFTER REPAIR VALUE: approx. $2,800,000 to $3,800,000
– CLOSING: July 9, 2026 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 beds/2.5 baths
– PARKING: 2+ car driveway, existing garage
– BASEMENT: Unfinished
– SQFT: 2,247
– LOT: 97’ x 318’ = 0.77 acres
– AGE: 1945
– PROPERTY TAX: $10,190 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– House potentially salvageable, fully gutted.
– New construction.
– Some demolition and / or junk removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Severed lots ready, architectural plans included
– Premium neighbourhood with high-value comparables
– Close to Highway 401, GO Station, and transit
LISTING ID: 0626-AUR-F01
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Tobias King, Georgia Godfrey, Aaron Moore
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.