Who’s looking for a profitable property?
Though dated, this property has lots of potential and more than anything, it needs a cosmetic upgrade! Less than 1KM to the beach, on an oversized lot, and in a gorgeous neighbourhood. These investor fundamentals will ensure the long term value of this property.
There are few fully renovated comps in the area, but even dated homes that have been cleaned up and nicely staged are selling in the high $500Ks. This property offers a $225K spread for a mostly cosmetic renovation.
Even vacant land is more expensive than this deal!!
How can you profit?
1) Easy Flip – Low buy price, and a mostly cosmetic scope of work make this an affordable project. There are few fully renovated comps, but even partially renovated and nicely staged properties are selling in the high $500Ks. That give you a $225K+ spread!
2) Rental – Whether you’re looking at short term rentals thanks to the proximity to the lake, or long term you’ve got options! Do some cosmetic renovations then list for $2,500-$3,000/month or as high as $400 / night!
3) Realtors: Bring Your Clients – This property would even work for an end user! Anyone who doesn’t mind putting in a little elbow grease, and wants a great deal on a property would love to see this home. Whether first time buyers or someone wanting an affordable summer getaway; help your buyers save over $100K on their next home! Add your desired commission.
SUMMARY:
- LOCATION: Keswick, ON (Terrace Dr & The Queensway S)
- PURCHASE PRICE: $349,900 Or Best Offer
- AFTER REPAIR VALUE: $575,000 ($225K Spread!)
- CLOSING: September 15, 2026 (Some flexibility. This is an assignment sale.)
- TYPE: 1.5-storey detached home
- BEDS/BATHS: 3 beds / 1.5 baths
- PARKING: Parking for 2+ vehicles
- BASEMENT: Crawl space
- SQFT: 1,057
- LOT: 60′ x 136′ (Oversized lot, Potential Garden Suite?)
- AGE: 1950
- PROPERTY TAX: $3,259 (2025)
- POSSESSION: Vacant
- POTENTIAL RENT: Estimated $2,500-$2,800/month after updates
RENOVATIONS NEEDED:
- Cosmetic updates throughout.
- Forced air gas furnace (2016), but no central air conditioning.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
- $225K spread on a mostly cosmetic reno
- Cheaper than vacant lots!
- Premium 60′ x 136′ lot with future garden suite potential
- Walking distance to Cook’s Bay on Lake Simcoe
LISTING ID: 0726-KES-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 Investors
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.