Who’s looking for a profitable property?
Flippers, here’s your next project.
Buy this 2-storey Toronto semi in a strong resale pocket near St. Clair West for only $649K! This property needs a full junk out and cosmetic update, but good bones and a healthy $450K spread keep the fundamentals strong. With laneway access and a full-height basement with a separate back entrance already in place, this one will fit your strategy. Minutes from St. Clair-Old Weston GO/SmartTrack, the 512 streetcar, Earlscourt Park, schools, shops, and the St. Clair West/Corso Italia buyer pool. Multiple exits remain open: full flip, or a conversion play!
How can you profit?
1) Full Renovation Flip – Buy for $649K, junk out, update and resell upwards of $1.1M! The spread is big enough for experienced flippers who can handle the cleanout, cosmetic overhaul, and older mechanicals. With as-is properties nearby still trading in the high $700s and renovated comps moving quickly, this is a fundamentals-first Toronto flip.
2) Two-Unit Conversion – With a full-height basement and separate back entrance already in place, a multi-unit conversion is an obvious play! Estimated rents after renovation could be around $3,000-$3,100/month for the upper portion and $1,500-$1,700/month for a finished basement unit, for combined rental income of $4,500-$4,800/month!
3) House Hackers – Buy at $649K, create equity while creating your dream home and let the basement tenants help offset your mortgage by $1,500-$1,700/month. Make a great financial investment and live in a beautiful home – no need to compromise!
4) Realtors Bring Your Investor Clients – Your flipper clients will thank you for bringing them this one: low entry price, healthy spread, a full-height basement with a separate entrance, 2 parking spots, and transit nearby. 2.5% Co-Op included at $669K!
SUMMARY:
– LOCATION: Toronto, ON (NE of St Clair Ave W & Caledonia Rd)
– PURCHASE PRICE: $669,000 (Includes 2.5% Co-Op for Realtors)
– DIRET BUYER PRICE: $649,000 Or Best Offer
– AFTER REPAIR VALUE: $1,100,000+
– CLOSING: June 18, 2026 (This is an assignment sale.)
– TYPE: 2 Storey Semi Detached
– BEDS/BATHS: 3 beds/ 1 bath
– PARKING: 2 Driveway Spots (rear laneway)
– BASEMENT: Unfinished, full height, with separate back entrance
– SQFT: 1,386
– LOT: 18’ x 132’
– AGE: 1922
– PROPERTY TAX: $4,298 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full cleanout / junk hauling required.
– Kitchen, bathroom, flooring, paint, fixtures, and finishes need updating.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Full height basement with separate entrance.
– Good bones and area demand for renovated homes.
– Minutes from St. Clair-Old Weston GO/SmartTrack and 512 streetcar.
– As-Is comps selling for high $700s
LISTING ID: 0526-TOR-F03
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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