Who’s looking for a profitable property?
Add a unit, add income. This one’s already set up for it. Buy at $920,000 OBO and sell into an ARV around $1,200,000. The basement already gives you the important stuff: full ceiling height, separate entrance, kitchen, and full bathroom, with only about half the finishing left to complete. Major systems have already been updated, including furnace, A/C, and water tank, and the detached double garage has heat and electricity. The 50 x 150 lot also opens the door to future garden suite potential, so multiple exit paths remain open.
How can you profit?
1) Easy Flip – Strong lot, updated major systems, detached double garage, and a bungalow layout buyers understand. Finish the flooring, repaint, update the kitchen, touch up the cracked windows, and clean up the basement finish. With an ARV around $1,200,000, the margin is clear.
2) Add a Basement Unit – The basement already has full ceiling height, separate entrance, kitchen, full bathroom, laundry, and space to add a bedroom or 2.
3) Future Garden Suite Potential – The 50 x 150 lot is ADU-sized, which gives long-term investors another angle to explore. There is a double detached, insulated garage with hydro, heat, and a newer roof that could be a strong coach house conversion candidate. Hold the property as a 2-unit rental now, then look at adding more density later if municipal rules and your plans line up. This is a practical setup, not a one-exit deal.
SUMMARY:
– LOCATION: Mississauga, ON (QEW & Cawthra Rd)
– PURCHASE PRICE: $929,900 Or Best Offer
– AFTER REPAIR VALUE: A renovated neighbouring property sold last year for $1.14 M without a basement apartment. Could you get close to $1.2M with your basement apartment reno’d nicely?
– CLOSING: June 10, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds / 1+1 baths
– PARKING: Double detached & insulated garage (w/ hydro & heat!) plus long driveway with parking for about 5 more cars
– BASEMENT: Full-height basement with separate entrance, kitchen, full bath, laundry, and strong 2-unit conversion potential
– SQFT: 1,031
– LOT: 50′ x 150′ (Large lot supports future garden suite potential. Can you convert the existing double detached garage to an ADU?)
– AGE: 1953
– PROPERTY TAX: $7,320 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates (main floor kitchen, flooring, paint). Bathrooms and basement kitchen already renovated!
– A couple of windows have cracks.
– Basement is about 50% finished and needs completion for best use as a second unit.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Separate entrance to full-height basement with kitchen & bath
– 50 x 150 lot with future garden suite potential
– Furnace, A/C, and water tank are only a couple of years old
– BIG detached garage with heat and electricity. Coach house potential??!
– Parking for about 6 cars
LISTING ID: 0326-MIS-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
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?