Who’s looking for a profitable property?
Flippers, here’s your next payday.
Snag this 3+1 bed, 3.5 bath detached in Newcastle for just $589K and unlock serious upside. Located on a 50’ x 125’ lot with a 2-car garage and finished basement, it’s minutes from Hwy 401, schools, and local amenities—perfect for a profitable resale.
Renovated homes in the area are selling in the mid-$800Ks, giving you a clear path to a $200K+ spread. All it needs is paint, cleanup, and cosmetic updates to the kitchen and baths.
This is a classic flip: light reno, strong comps, and a clean exit in the $800s.
How can you profit?
1) Fix & Flip – Buy for $589k, renovate, and relist in the $800s.
2) Easy Wholetail – Clean, refresh, and sell to a family buyer. A coat of paint on the walls and cupboards would go a long way!
3) Move In with Equity – Down to update slowly over time? Buy with significant instant equity and make it yours! Realtors, add your desired comp on top and bring us a buyer!
SUMMARY:
– LOCATION: Newcastle, ON (King Ave E & Arthur St)
– PURCHASE PRICE: $589,900 Or Best Offer
– AFTER REPAIR VALUE: $800k+
– CLOSING: September 16 – October 30, 2025 (Seller’s choice with 3 week’s notice. This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3+1 beds/2.5+1 baths
– PARKING: 2-car attached garage plus 4 cars in driveway
– BASEMENT: Finished
– SQFT: 1,290
– LOT: 50’ x 125’
– AGE: 1989
– PROPERTY TAX: $4,067 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates will go a long way—paint, flooring, kitchen refresh, and possible bathroom updates.
– Basement space is finished but could be improved.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Located in a quiet, family-friendly part of Newcastle.
– Easy commute via Hwy 401 and nearby transit.
– Top-rated public school in the area.
LISTING ID: 0725-NEW-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
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.
PS. Email us today for your info package. Who wants to make money on this one?