Who’s looking for a profitable property?
Flippers, landlords, end-users – here’s your next project!
This 1995 Niagara Falls detached is built around investor fundamentals: with a $300K spread on a cosmetic flip and mechanicals with lots of life left, there’s plenty of meat on that bone!The $600K ARV has been conservatively underwritten, with some of the comps offering less square footage. In rent-ready condition and with a basement ideally set up for a two-unit conversion, the property provides multiple profitable exit strategies!
How can you profit?
1) Easy Flip / Wholetail – Buy for $299K, focus on the cosmetics, finish the basement and list for $600K! Most of your big Cap-Ex items have plenty of life left in them – add strong, conservative comps and a $300K spread to make this a textbook cosmetic flip.
2) BRRRR / Two-Unit Conversion – The basement already has a separate entrance and roughly 7.5 feet of ceiling height. Buy for $299K, finish the basement and add a kitchen to create a legal second unit for a combined monthly rental income of $3,350-$3,550/month (main floor: $2,000-$2,200/month; basement: $1,350/month). With an appraisal target of $600K, could you pull off a perfect BRRRR?! Buyer to verify zoning and permitting.
3) Move In With Equity / House Hack – Purchase your new home for only $299K, renovate over time and simply enjoy the equity, OR turbo charge your investment by converting the basement and letting the tenant cover $1,350 of the mortgage!
4) Realtors: Bring Your Clients – Whether they are flippers, landlords or end users, don’t let your clients miss out on this equity grab – 2.5% Co-Op included at $308K!
SUMMARY:
– LOCATION: Niagara Falls, ON (SW of Drummond Rd. & Ferry St.)
– PURCHASE PRICE: $308,000 (includes 2.5%+HST Co-Op)
– DISCOUNTED DIRECT BUYER PRICE: $299,000 Or Best Offer
– AFTER REPAIR VALUE: $600,000
– CLOSING: November 17, 2026 (This is an assignment sale.)
– TYPE: Detached
– BEDS/BATHS: 3 beds / 2 baths (1 bath above grade)
– PARKING: 1-car attached garage + 2-car driveway parking
– BASEMENT: Partially finished, approx. 7.5’ ceilings, separate entrance
– SQFT: 1,306
– LOT: 40′ x 131′
– AGE: 1995
– PROPERTY TAX: $3,904 (2025)
– POSSESSION: Vacant
– POTENTIAL RENT: $3,350-$3,550/month combined (2-unit conversion)
RENOVATIONS NEEDED:
– Some junk and furniture removal.
– Cosmetic updates to kitchen, bathrooms and flooring.
– Finish the basement.
– Add a basement kitchen for optional two-unit conversion.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 0826-NIA-F01
GOOD NEWS:
– Very similar comp just down the block sold for $612K!
– Roof approx. 8 years old
– Windows approx. 6 years old
– AC and Furnace approx. 12 years old
– Basement with separate entrance, approx. 7.5’ ceiling, conversion-ready!
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
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.