Who’s looking for a profitable property?
This one’s an awesome BRRRR, flip, or house hack! With a walkout basement in-law suite already in place, you just need to focus on updates! With a $250K spread and a new roof, this could be your next project!
In this neighbourhood, even significantly smaller comps are selling in the mid to low 800Ks and there are often sales over $1M! Resale will be made easy since this home is in Oshawa’s desirable north end, and is walking distance to the local public school, as well as The Harmony Valley Conservation Area.
How can you profit?
1) Full Renovation Flip – This house was built in the 90’s and has good bones! It’s ready for some junk removal and cosmetic renovation. On resale, this property will stand out from the crowd thanks to the basement in-law suite with walkout. Replace the windows, clean up the landscaping, and resell with an ARV of $900K!
2) Add a Basement Unit – The basement has full ceiling height and walkout access to the backyard, and it’s already been finished as an in-law suite. Renovate to maximize the rents; legalize to improve the resale value; then rent it as a 2-unit property. Estimated rents after renovation could be around $3,000-$3,300/month for the upper unit and $1,700-$2,000/month for the basement, for roughly $4,700-$5,300/month total.
3) BRRRR / Hold as Rental – Renovate the house, stabilize the income, and refinance based on the improved value. The existing basement apartment setup gives landlords a practical path to stronger monthly income without starting from scratch.
4) Realtors Bring Your Clients – This property is perfect for handy clients looking for a great deal on a fixer-upper. Bring buyers who understand renovation scope and want the upside from both resale value and basement rental potential. 2.5% co-op included.
SUMMARY:
– LOCATION: Oshawa, ON (Harmony Rd N & Rossland Rd E)
– PURCHASE PRICE: $649,900 Or Best Offer (includes 2.5% commission for cooperating agents)
– AFTER REPAIR VALUE: $900,000
– CLOSING: August 17, 2026 (There is limited flexibility if needed. This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4+1 beds/2.5+1 baths
– PARKING: 2 car garage
– BASEMENT: Finished basement with full ceiling height, walkout to the backyard, kitchen, bedroom, full bathroom, and rec room. Already set up as an in-law suite.
– SQFT: 2,248
– LOT: 48’ x 108’
– AGE: 1990
– PROPERTY TAX: $7,043 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full interior cosmetic renovation required.
– Basement in-law suite to be updated, consider legalization into a duplex.
– Remediation required from cat odour.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– New roof only 3 years old.
– $250K spread for a mostly cosmetic project.
– Walkout basement with in-law suite already in place. Easy 2-unit conversion
– Large 2,248 sq ft detached home with 4 bedrooms upstairs.
LISTING ID: 0526-OSH-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, Tomomi Wang, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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