Flippers, here’s your next project!
This detached 4-bedroom sits on a 51 x 147 lot and has over 2,000sqft of potential! Available at only $299K, renovated comps are selling over $600K!
Few comps in this area are as large as this home. This will help you stand apart from the rest come resale, but it also makes comp’ing difficult. However, even smaller comps that have not been fully reno’d are still able to sell over $600K in this market!
Located in Colborne Ontario, this home benefits from a small town feel without being far from the 401 corridor. It’s only steps away from downtown shops and restaurants, while also being walking distance to local schools and public parks.
How can you profit?
1) Full Renovation Flip – At only $299K this home is 30% cheaper than anything else available in the area (and that home is half our size)! With even partially renovated comps this size selling over $600K there’s substantial margin here for a flipper who executes the renovation well.
2) Easy Wholetail – Instead of a full reno, focus on the most important items, clear the junk and relist. In this market, there’s no detached available on MLS for under $400K let alone one of this size!
3) Realtors: Bring Your Investor Clients – This is a clear investor project with a large, $300K spread. Bring your flippers and investors! Add your desired commission
SUMMARY:
– LOCATION: Colborne, ON (King St E. & Toronto St.)
– PURCHASE PRICE: $299,900 Or Best Offer
– AFTER REPAIR VALUE: $600,000
– CLOSING: November 11, 2026. (Some flexibility required. This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4 beds / 1.5 baths
– PARKING: 1-car garage + 3 driveway spaces
– BASEMENT: Full height, mostly unfinished
– SQFT: 2,064
– LOT: 51′ x 147′
– AGE: 1950
– PROPERTY TAX: $3,290 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Roof needs immediate attention.
– Full cosmetic renovation throughout.
– No air conditioning currently on site but functioning duct work in place.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 0926-COL-F01
GOOD NEWS:
– Detached 4-bedroom with over 2,000 sqft
– $300k spread!
– Front windows already replaced
– Full-height basement, finish for additional living space\
– Only 3km from the 401 corridor
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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