Who’s looking for a profitable North York Distressed Homes For Sale property?
We’ve just dropped the price on this North York bungalow to $768K OBO. With an ARV near $1.4M after a proper reno, you’re looking at a $600K spread—or keep expenses minimal with a simple wholetail cleanup and sell in the $1M+ range.
This quiet pocket of North York is surrounded by multi-million-dollar homes yet minutes from Yorkdale Mall, Hwy 401, Weston GO, and the Humber River trails. The lot widens to 66’ at the back, giving you rare build-new potential or space for an additional garden suite.
Inside, you’ll find a home with great bones that needs a full cosmetic update. The main floor was originally a 3-bedroom layout—simply add a wall back to restore the extra bedroom. The basement is finished but dated, with a separate entrance. The current ceiling is about 6’6”, but since the floor has been raised and the ceiling dropped, there’s potential to gain several more inches of height by reversing those changes—making the basement much more attractive for a legal suite conversion.
The detached double garage could also be converted into a garden suite for bonus income.
How can you profit?
1) Wholetail – Clear out junk, take new photos, and resell at $1M+—comps support it.
2) Fix & Flip – We can show you comps in the neighbourhood north of $1.4M. Those bungalows are a bit bigger than this one and are nicely renovated. A beautiful update will get you best price!
3) New Build – With a 47’ × 123’ lot (widening to 66’), follow the neighbours’ lead and build a custom home worth $2M+.
4) Garden Suite – Could you convert the big detached garage to a coach house?
SUMMARY:
– LOCATION: North York, ON (Lawrence Ave W & Black Creek Dr)
– PURCHASE PRICE: $829,900 $768,000 Or Best Offer. First come, first served! Sight unseen offers welcome.
– AFTER REPAIR VALUE: Near $1.4M (renovated), $1M+ (simple cleanup/wholetail)
– CLOSING: November 1 – December 1, 2025 (Seller’s choice. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2 bedrooms (originally 3), 1 bath
– PARKING: Garage fits 2, driveway fits 4 (tandem, could be widened)
– BASEMENT: Finished but dated, separate entrance
– SQFT: 918
– LOT: 47’ x 123’ (widens to 66’ at rear)
– AGE: 1952
– PROPERTY TAX: $4,714 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full cosmetic update if you’re looking for best resale price.
– Older windows and original oil furnace. AC also original.
– Roof replaced within last 10 years and in good shape.
– Furniture/junk removal required.
– Please view the pictures and videos for more detail.
GOOD NEWS:
– Massive spread with reduced price—now $768K.
– Rare oversized lot with ADU/garden suite or new build potential.
– Surrounded by multi-million-dollar homes in a high-demand pocket.
LISTING ID: 0825-NOR-F01
Please let us know if you want to view it or if you want the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Sarah Budden, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Email us today for your info package. Who wants to make money on this one?
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