Who’s looking for a profitable property?
Here is your chance to secure a near half acre detached in Innisfil (Alcona) on a massive 103 foot by 200 foot lot, minutes from beaches, boat launches, parks and all lakeside amenities. The sellers lifted the original bungalow in 2015 and built a new first floor under it with permits. Most big ticket items are updated and the upstairs is ready for cosmetic finishing.
Right now the home is set up as 2 beds and 2 baths, but MPAC shows it as a 3 bedroom and the upstairs can be quickly reconfigured into a 3 or even 4 bedroom layout by adding dividing walls or removing the old kitchen area. If you prefer income, the upstairs can also be updated and finished as a self-contained second unit with its own entrance already built in. This gives flippers, landlords and end users multiple paths to unlock value with very little structural work needed.
With an ARV around $900K plus and a purchase price of $614,900 OBO, a lean cosmetic finish can produce a realistic net of $170K to $200K after typical reno, holding, legal and selling costs. Two unit income potential is strong. Airbnb could generate approximately $5,000 to $6,000 per month depending on season. Long term rental potential is about $4,000 to $4,200 per month combined. You can flip, rent or move in with instant equity.
Highlights:
A two storey home on slab with a new main floor, metal roof, updated mechanicals, 1,920 sq ft, parking for 6 cars, 2 car garage and a large open second floor ready for your layout. The upstairs has its own entrance for an easy two unit setup. The existing garage is not usable as-is and will need to be rebuilt, giving you the option to rebuild a standard 2 car garage or use the footprint for a secondary dwelling, garden suite or workshop. Seller is leaving vinyl siding, laminate flooring and a shower door to reduce your reno costs.
How can you profit?
- Fix and Flip: Finish the upstairs, complete the exterior siding with included material and list around $900K plus. Realistic net profit of $170K to $200K after typical costs.
- Two Unit Rental or Airbnb: Separate entrance already in place. Airbnb potential of $5,000 to $6,000 per month. Long term rental potential of $4,000 to $4,200 per month combined.
- Move In with Equity: Updated main floor, newer systems, huge lot and major upside. Finish the upstairs on your timeline and with your choice of finishes.
SUMMARY:
- LOCATION: Innisfil Beach, ON (25th Side Rd & 10th Line)
- PURCHASE PRICE: $614,900 Or Best Offer
- AFTER REPAIR VALUE: $900,000+
- CLOSING: January 26, 2026 (This is an assignment sale.)
- TYPE: 2 Storey Detached
- BEDS/BATHS: 2 beds, 2 baths (MPAC shows 3; upstairs can convert to 3 or 4 beds)
- PARKING: 2 car garage; 6 cars in driveway
- BASEMENT: None (house on slab)
- SQFT: 1,920
- LOT: 103’ x 200’
- AGE: 1968 (original bungalow moved up; main floor built 2015)
- PROPERTY TAX: $4,647 (2024)
- WELL/SEPTIC: Property is currently on artisanal well and septic. Septic was emptied this month. Municipal services available at the street if you choose to connect.
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Cosmetic updates
- Finish exterior siding (material to finish included)
- Some electrical work to pass final inspection
- Some junk and furniture removal
- Please view the pictures and videos for ideas on what you’d like to renovate
GOOD NEWS:
- Huge 103 foot by 200 foot lot in Alcona near the Lake
- New main floor built in 2015 with permits
- Metal roof installed 2015
- Furnace installed 2020
- Windows and doors updated (2015 main floor, 2009 second floor).
- Private entrance to both units for duplex or rental potential
- Vinyl siding, laminate flooring and shower door being left behind for new owner to install at no extra cost
- Upstairs can be reconfigured to a 3 or 4 bed layout if desired
- Clean slab foundation, no basement moisture issues
- Property is vacant on closing for fast renovation start
- Existing garage is not usable as-is and can be rebuilt as a 2 car garage or converted into a secondary dwelling, garden suite or workshop
- Currently on well and septic with option to connect to municipal services later
LISTING ID: 1125-INN-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
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PS. Email us today for your info package. Who wants to make money on this one?