Who’s looking for a profitable property?
Start generating income immediately, with room to maximize your returns! You are buying a 2-unit setup (not legal yet) in rent-ready condition for only $639K. The upper unit (3 bed/1 bath) shows well, the basement apartment (2 bed/1 bath) is renter-ready with its own kitchen and separate entrance. Estimated total rents land around $4,100-$4,500/month combined. Tenants, house hackers or end buyers will appreciate the quiet family friendly neighborhood close to Smythe Park. Add in the detached 2-car laneway garage, newer metal roof, updated lower and main level windows, and recently front porch (2023 cement, awning and railing).
How can you profit?
1) Hold & Rent – Rent the upper unit for an estimated $2,400-$2,600/month and the basement apartment for an estimated $1,700-$1,900/month, putting total monthly rent around $4,100-$4,500. Start generating rental income immediately or maximize returns with some upgraded finishes! At $639K for a 2-unit in good condition, landlords get immediate income potential on day one.
2) House Hack / Realtors Bring Your Clients – This is a strong play for buyers who want help with their monthly payments from day one. Live in the upper unit and rent out the basement apartment to offset mortgage costs, with estimated basement rent around $1,700-$1,900/month. This makes ownership a lot more affordable while still giving a buyer a detached home in a strong area. Realtors – add your desired commission!
3) Flip – There is still room for flippers here too! Update the property with high-end finishes and list around $900K. For buyers who know how to create a clean, modern finish, this one offers a practical value-add play with multiple exit paths.
SUMMARY:
– LOCATION: York, ON (St Clair Ave W & Jane St)
– PURCHASE PRICE: $ 639,000 Or Best Offer
– AFTER REPAIR VALUE: up to low $900s
– CLOSING: May 7, 2026 (Possibly flexible for earlier closing. This is an assignment sale.)
– TYPE: Detached Bungalow 2-Unit (basement not legal yet)
– BEDS/BATHS: Main: 3 bed/1 bath; Basement: 2 bed/1bath
– PARKING: Detached 2-car garage, plus space for 1 more vehicle in front
– BASEMENT: 2 bed/1 bath basement apartment with separate entrance, kitchen and appliances
– SQFT: 843
– LOT: 25’ x 110’
– AGE: 1926
– PROPERTY TAX: $3,665 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Rent-ready overall, with optional cosmetic basement updates to maximize returns.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– 2-unit setup already in place (not legal yet)
– Rent-ready on day one
– Metal roof (2019)
– Newer windows (2017, excluding bathroom and small kitchen window)
LISTING ID: 0326-YOR-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.