The last time a detached house sold this cheap in desirable Victoria Village was in 2018. Would you rather buy a time machine or buy this house and make money?
Here is your chance to secure a detached bungalow on a premium 50 foot by 120 foot lot in one of North York’s most trusted family neighbourhoods. This pocket around Victoria Village is known for its quiet streets, top ranked schools, parks, ravines and fast access to the DVP, 401, Eglinton LRT and all city amenities. Nearby homes consistently sell in the 1.3M to 1.4M+ range, making this an incredibly rare buy at only $879K OBO.
The home offers solid bones, a functional 3 +1 bedroom layout, a dedicated side entrance for a future suite, and a partially finished basement with approximately 7 foot ceilings. The furnace, AC and roof are all in good working condition, which lets you focus your budget on cosmetic improvements with a clear path to resale value.
How can you profit?
1) Fix and Flip – Buy for only $879K in an area where similar renovated bungalows regularly sell between 1.3M and 1.4M. With big ticket items in solid condition, you can focus on kitchen, bathrooms, flooring, paint and a basement refresh. This neighbourhood’s buyer pool is deep, family driven and willing to pay for quality work.
2) Basement Apartment – With strong rental comps on both levels, investors can expect solid income potential. The side entrance and roughly 7-foot basement height set the stage for a future two-unit layout.
3) Move In with Equity – End users can modernize at their own pace while enjoying an oversized lot in a premium school district. Buy way under market value and build sweat equity to your taste knowing that nearby sales support a large equity position from day one.
SUMMARY:
– LOCATION: North York, ON (Sweeney Dr & Sloane Ave)
– PURCHASE PRICE: $879,000 Or Best Offer
– AFTER REPAIR VALUE: $1.3 – $1.4M
– CLOSING: February 26, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+1 beds/1 bath
– PARKING: 3 total parking spots, 1 in carport plus 2 on driveway
– BASEMENT: Partially Finished
– SQFT: 1,252
– LOT: 50’ x 120’ is a big lot for Toronto
– AGE: 1959
– PROPERTY TAX: $5,493 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– This is a cosmetic renovation opportunity in a high value neighbourhood.
– Expect to handle a full cleanup, removal of hoarded items, and modernization of kitchen, bath and finishes.
– Like any good bathroom, the upstairs bathroom ceiling and walls show mould that should be removed. 😊
– Electrical panel is fuses and should be updated.
– Basement has typical older house smells and some dog odour but offers solid height for future use and a clean layout to update.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– A+ North York neighbourhood with comps way way way above your buy price.
– Big ticket items in good condition: furnace about 5 years, AC about 4 years, roof about 15 years.
– Side entrance with approximately 7 foot basement height for future suite potential.
– 50 foot by 120-foot lot in a family driven community with constant demand.
LISTING ID: 1125-NOR-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 & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Do you want to get notified of these deals before everyone else? PUSH HERE to get notified about these deals as soon as they become available.
PS. Email us today for your info package. Who wants to make money on this one?