Flippers, here’s your next project.
There’s up to $250K in gross spread and this one does not need a full gut! Buy at $999K, improve the property with light cosmetic upgrades, and sell around the $1.25M ARV. The house is clean, well-maintained, and already has 8 ft ceilings on both the main and upper floors, plus a finished basement with legal height 6’5″. Grading may support a separate walk-out entrance from the basement, creating an excellent opportunity for a nanny suite, or income unit potential. Even after applying a discount for the lack of street parking on Gerrard, with comps selling $1.32M-$1.48M, this one is conservatively underwritten at $1.25M – you can feel confident in your margins!
How can you profit?
1) Easy Flip – Buy for $999K, complete light updates, modernize the kitchen and floors, clean up the finishes, and list upwards of $1.25M! With up to $250K in gross spread before renovation, holding and closing costs, flippers have real room to work without taking on a full-renovation project.
2) Move In With Equity / House Hack – End users can buy a clean Toronto semi below the finished resale value, move in, and update over time. Make it an even better investment, by adding a separate, walk-out entrance to the basement and allowing a tenant to cover $1,500-$1,650 of the mortgage every month!
3) Realtors Bring Your Clients – Both your investor and end-user clients will appreciate this one – 2.5% Co-Op included at $1.03M!
SUMMARY:
- LOCATION: Toronto, ON (Gerrard St E & Jones Ave)
- PURCHASE PRICE: $1,029,000 (includes 2.5% Co-Op for realtors)
- DIRECT BUYER DISCOUNT: $999,000 Or Best Offer
- AFTER REPAIR VALUE: approx. $1,250,000
- CLOSING: July 23, 2026 (This is an assignment sale)
- TYPE: 2 Storey Semi-detached
- BEDS/BATHS: 3 beds / 2 baths
- PARKING: None
- BASEMENT: Finished, 6’5” ceiling, bathroom, grade may support walk-out entrance
- SQFT: 1,103
- LOT: 17’ x 99’
- AGE: 1924
- PROPERTY TAX: $4,496 (2026)
- POSSESSION: Vacant on possession
RENOVATIONS NEEDED:
- Cosmetic refresh of kitchen, bath and flooring.
- Water damage repair (previous sunroom leak, repaired 2018).
- Attention to the backyard / landscaping will take this to the next level!
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
- Clean, well-maintained semi that is move-in ready, if slightly outdated.
- Full height (6’5”), finished basement with full bathroom.
- 8 ft ceilings on both the main and upper floors.
- Roof and siding replaced around 2018, AC around 2015.
- In the heart of the east-end with excellent transit and Leslieville amenities!
LISTING ID: 0626-TOR-F02
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Tobias King, Georgia Godfrey, Aaron Moore
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors