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. Resale value is estimated at $550K giving flippers a $225K spread for an easy wholetail!
This detached bungalow sits on a large 216′ x 193′ lot (that’s nearly an acre) has a hot tub, and is just 500 meters from the lake and public dock. The large detached garage can also function as a workshop creating additional value.
Easy flip, or move-in with almost $200K of instant equity!
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. Resale value is estimated at $550K giving flippers a $225K spread for an easy wholetail!
This detached bungalow sits on a large 216′ x 193′ lot (that’s nearly an acre) has a hot tub, and is just 500 meters from the lake and public dock. The large detached garage can also function as a workshop creating additional value.
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. Properties 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) Future ADU / Garden Suite Potential – The 216′ x 193′ lot gives you room most investors don’t get at this price point. For buyers thinking long-term, this size of lot supports future garden suite potential and keeps your options open.
3) Realtors: Bring Your Clients – This one works for investor clients wanting an easy ROI and for end users who want a large lot with room to grow 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: 2-car detached garage + ample driveway parking
– BASEMENT: Partially finished
– SQFT: 1,299
– LOT: 216′ x 193′ (large lot, supports future garden suite potential)
– AGE: 1970 (well past its 25th birthday and still standing strong)
– PROPERTY TAX: $2,996 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– No known major updates required.
– 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:
– 216′ x 193′ lot, nearly an acre of land, future ADU?
– Easy Wholetail with almost $200K of instant equity!
– Large detached garage for storage or workshop use
– 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