Who’s looking for a profitable property?
Investors this one is ready for a quick flip! Minimal renovations needed, instead prioritize cleaning up the property and giving it a fresh look. On MLS, properties of this size are consistently selling over $500K with top sales reaching as high as $660K.
This detached bungalow is surrounded by grass and old growth trees; it has a hot tub, and is just 500 meters from the lake and public dock. The detached garage can also function as a workshop creating additional value. Big-ticket items appear in good shape. Furnace is oil, with a new tank only 2 years ago. Septic tank and beds were replaced less than 10 years ago, and the well is drilled to 300ft with a new pump in 2020.
Easy flip, or move-in with almost $200K of instant equity!
How can you profit?
1) Easy Flip / Wholetail – Clear out any junk, freshen up as needed, stage, and list. Homes of this size are consistently selling on market over $500K, and top comps are going as high as the mid $600Ks! This gives you an expected $225K spread for an easy project.
2) Realtors: Bring Your Clients – This one works for investor clients wanting an easy ROI and for end users who want a house that doesn’t require major renovations, and almost $200K of instant equity! Realtors, bring your closers! Includes a 4% co-op!!
SUMMARY:
– LOCATION: East Ferris, ON (25 km South of North Bay)
– PURCHASE PRICE: $349,900 Or Best Offer (Includes $4% co-op for Agents)
– DIRECT BUYER PRICE: $324,900 Or Best Offer
– AFTER REPAIR VALUE: $550,000
– CLOSING: November 2, 2026 (Some flexibility required. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds / 2 baths
– PARKING: 1-car detached garage + ample driveway parking
– BASEMENT: Partially finished
– SQFT: 1,299
– LOT: 57′ x 140′
– AGE: 1970
– PROPERTY TAX: $2,996 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– No known major updates required.
– No AC presently at the home, consider adding to maximize resale!
– Cosmetic updates as desired.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 0926-COR-F01
GOOD NEWS:
– Easy Wholetail with almost $200K of instant equity!
– Detached garage for storage or workshop use
– Big ticket items in good shape: Oil tank only 2 years old, 300ft drilled well with new pump in 2020, septic tank and beds less than 10 years old.
– Minimal work needed, mostly junk and furniture removal
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
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