Flippers, here’s your next project.
Buy this cared-for 2 ½ storey semi-detached in the Trinity-Bellwoods for $280K below its 2025 appraised value! The layout already does a lot of the work for a duplex or triplex conversion. There are two separate front doors (one for the main floor, one for upstairs), two kitchens (one on main floor and one upstairs), and a finished basement with 2 bedrooms, a full bathroom, and its own separate entrance to the backyard. Wiring, plumbing, and the electrical panel (200 amp service) have already been updated, and newer furnace and AC. Multiple exit paths remain open here!
How can you profit?
1) Full Renovation Flip – Buy at $1.15M, keep the charm, modernize the conveniences and list for $1.75M! With $600K in spread, this property presents an opportunity to create a beautiful character-filled home that is in high demand in this popular neighbourhood.
2) Multi-Unit Conversion – With two kitchens, separate entrances, and a strong rental market, it’s hard to ignore the multi-unit potential of this property! Convert to three self-contained units and you’re looking at estimated total rental monthly income of $7K-$8.1K (single floor above grade units: $2,650-$2,850/month; basement units: $1,700-$2,400/month). With 2-floor units renting at a premium ($4,600-$6,000/month), consider an up-down duplex set up for $9.2K-$12K/month! Buyer to verify permitting.
3) BRRRR – With triplex comps selling for $1.8M, buy at $1.15M, convert into a multi-unit, start generating $7K-$12K in monthly rental income and confidently pull out all or most of your principle when it appraises at $1.8M!
4) Realtors: Bring Your Investor Clients – Don’t let your flippers, landlords and value-conscious end users miss this one – 2.5% Co-Op included at $1.18M!
SUMMARY:
– LOCATION: Toronto, ON (NW of Ossington Ave & Dundas St W)
– PURCHASE PRICE: $1,180,000 (Includes 2.5%+HST Co-Op)
– DISCOUNTED DIRECT BUYER PRICE: $1,150,000 Or Best Offer
– APPRAISED VALUE (2025): $1,430,000
– AFTER REPAIR VALUE – SFH: $1,750,000
– AFTER REPAIR VALUE – TRIPLEX: $1,800,000
– CLOSING: December 10, 2026 (This is an assignment sale.)
– TYPE: 2 ½ Storey Semi-detached
– BEDS/BATHS: 4+2 beds / 1+1 baths
– PARKING: Street parking
– BASEMENT: Finished, separate entrance, 2 bed, and 1 bath
– SQFT: 2,486
– LOT: 22′ x 116′
– AGE: 1880
– PROPERTY TAX: $9,419 (2025)
– POSSESSION: VACANT on closing
– POTENTIAL RENT: $7,000-$12,000/Month (multi-unit conversion)
RENOVATIONS NEEDED:
– Full cosmetic renovation required throughout, including kitchens and bathrooms
– Roof and windows require updating
– Repair ceiling damage due to previous leak (leak repaired)
– Addition of basement kitchen for triplex conversion (buyer to verify permitting)
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
LISTING ID: 0926-TOR-F01
GOOD NEWS:
– Appraised as is at $1.43M just last year!
– Two doors at entrance already in place: one for the main floor, one for the upper level
– Separate basement entrance to the backyard with 2 beds and 1 bath
– Two kitchens are already in place!
– Wiring and plumbing updated, 200 amp electrical service with panel on the second floor
– Newer furnace and AC
– Near highly popular Trinity-Bellwoods Park and Ossington Ave TTC
– Very clean, well cared for home
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.