Flippers, here’s your next project.
This property offers a $300K+ spread and has solid bones! The roof is only 8 years old and the entire house is less than 30 years old.
In Rouge Hill, comps with minimal upgrades are consistently selling in the high $800Ks. On top of that, sales in the area are moving FAST (most in less than 1 week and almost all under 2 weeks). This blank canvas is ready for an experienced eye. The demolition is already complete now it’s time for the fun part.
This is a high demand area where even condo townhouses are selling over $700K. This opportunity to buy in the $500Ks is a steal!
How can you profit?
1) Full Renovation Flip – This is a full flip, not a quick wholetail. Most areas are down to the studs, and we need you to breathe some life back into it. The demolition has already been completed for you! So you can get started on your finishes right away with lower costs and overhead.
2) 2-Unit Conversion Potential – The basement has approximately 7 ft ceilings and is already framed, and there’s space at the back to explore adding a separate entrance. For maximum ARV consider turning the basement into a 2nd unit. Though uncommon 2-unit comps are selling in the mid $900Ks.
3) Realtors: Bring Your Flippers! – This is best suited for experienced investors. If your client wants a Scarborough flip with a strong ARV and low purchase price, this one is worth a look. Add your desired commission
SUMMARY:
– LOCATION: Scarborough, ON (Lawrence Ave E & Port Union Rd)
– PURCHASE PRICE: $599,000 Or Best Offer
– AFTER REPAIR VALUE: $900,000+
– CLOSING: July 8, 2026 (This one needs a buyer able to be flexible on the close. This is an assignment sale.)
– TYPE: 2 Storey Semi Detached
– BEDS/BATHS: 3 /2.5 baths (1 extra bedroom in basement, framed in only)
– PARKING: 1 car garage plus 2 driveway spaces
– BASEMENT: Unfinished, full height, studded and ready for drywall
– SQFT: 1,306
– LOT: 26’ x 82’
– AGE: 1997
– PROPERTY TAX: $3,793
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– The demolition has already been completed for you! (Get started on your finishes right away with lower costs and overhead)
– Flooring, drywall, paint, fixtures, trim, and finishes etc. throughout.
– No hydro or water currently connected to the property.
– No kitchen at present (A-lender financing may not be viable)
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– 1997-build with solid bones
– Blank canvas ready for your finishes
– Full-height basement with approximately 7 ft ceilings with path to explore separate entrance and 2-unit potential
– Even Condo town’s in this area are selling over $700K
– High demand area where EVERYTHING is selling fast! Close to Rouge Hill GO Station, TTC, Port Union waterfront, parks, schools, groceries, and restaurants.
LISTING ID: 0626-SCA-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 Investor
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