Who’s looking for a profitable property?
This Markham detached is a textbook flip – high demand area, strong comps and a wide spread. Nothing in this high-demand neighbourhood has sold for less than $1.07M in the last year (even outdated homes)! Add a basement with a separate basement entrance, large windows and 7.5 ft ceiling height, and an income unit becomes a viable option. Whether you’re looking for your next flip or a smart primary purchase – this one gives you options!
How can you profit?
1) Full Renovation Flip – Buy at $699K, renovate the full property including the basement and sell into a market where even partially renovated homes are selling for $1.1M! With this spread, flippers have a clear margin without taking on excessive risk, even after accounting for a full-scope renovation.
2) Live In With Equity / House Hack – End users that aren’t afraid of a project can get into this desirable pocket at an unbelievable entry point! Buy at $699K, renovate to your liking and simply enjoy the equity when it appraises at $1.1M! Alternatively, supercharge your financial plan by completing a basement unit and letting the tenant pay $1,900/month towards your mortgage. Buyer to verify permitting.
3) Realtors: Bring Your Investor Clients – Don’t let your flippers or value-minded retail clients miss out on this one – 3% Co-Op included at $719K!
SUMMARY:
– LOCATION: Markham, ON (SE of Hwy 7 & McCowan Rd)
– PURCHASE PRICE: $719,000 (Includes 3%+HST Co-Op)
– DISCOUNTED DIRECT BUYER PRICE: $699,000 Or Best Offer
– AFTER REPAIR VALUE: $1,100,000
– CLOSING: September 21, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds / 1 + 0.5 baths
– PARKING: 1-car attached garage, 2-car driveway parking
– BASEMENT: Separate entrance, 7.5 ft ceiling height, conversion-ready
– SQFT: 1,214
– LOT: 64′ x 113′ Irregular
– AGE: 1966
– PROPERTY TAX: $5,063 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic renovation of kitchen, bathrooms, flooring and fixtures
– Add bathroom or expand existing basement half bath
– Finish basement as living space or add kitchen for income unit
– Age of roof, HVAC/AC and windows is unknown, recommended to rely on forthcoming home inspection report.
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
LISTING ID: 0826-MAR-F01
GOOD NEWS:
– Separate basement entrance 7.5 ft basement ceiling height, ideal for a legal second unit
– High-demand neighbourhood near good school, shopping and transit
– 2 driveway spaces plus attached garage
– Large 64 x 113 lot offers extra layout flexibility
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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