Who’s looking for a profitable property?
Here’s your chance to grab a 1.5-storey detached in North York for only $739,900 OBO—a full $175K under 2023 sold price and cheaper than nearby freehold townhouses. Whether you want to flip for quick equity or hold for cash flow, this property checks the boxes.
Minutes from Hwy 400/401, Humber River Hospital, Sheridan Mall, Walmart, No Frills, schools, parks, and direct transit connections. It’s a central pocket of North York that’s always in demand for both end-users and renters.
The home sits on a 56’ x 108’ premium lot with no sidewalk, giving you extra parking for up to 8 cars plus a garage. Inside, you’ll find 6 bedrooms, 3 full bathrooms, and two kitchens with a finished basement and separate entrance. Recent upgrades include a new roof (3 months), new gutters, new 200-amp electrical panel, and newer kitchen and bath. This property has been used as a high-income room rental, currently generating $6,550/month from reliable tenants.
How can you profit?
1) Cash-Flow Rental Machine – Keep the existing tenants and collect $6,550/month. With a small legal conversion, you could formalize the basement apartment and boost long-term value.
2) Fix & Flip – Insist on vacant possession, renovate, and flip. $250k spread and lots of updates already done!
3) House Hack – Move into one area and let the tenants cover all your bills! Evict other tenants at your own pace…once you share a kitchen/bath with them, you can ask them to leave at any time with reasonable notice. Avoid RTA implications!
SUMMARY:
– LOCATION: North York, ON (Hwy 400 & Hwy 401)
– PURCHASE PRICE: $739,900 Or Best Offer
– AFTER REPAIR VALUE: $1M+
– CLOSING: October 30, 2025 (This is an assignment sale.)
– TYPE: 1.5 Storey Detached
– BEDS/BATHS: 6 Beds/3 Full Baths (2 bedrooms and 1 full bath on each floor)
– PARKING: 1.5 attached garage plus 8 driveway spaces
– BASEMENT: Finished with separate entrance to apartment (2 bedrooms, kitchen, full bath). Not yet legal.
– SQFT: 1,160
– LOT: 56’ x 108’
– AGE: 1952
– PROPERTY TAX: $3,777 (2024)
– POSSESSION: This property is currently tenanted by-the-room at $6500+ monthly. Vacant possession might be possible. Buyer welcome to assume existing tenants.
RENOVATIONS NEEDED:
– Kitchen, bath, roof and 200 amp electrical panel already recently updated.
– Cosmetic updates to modernize finishes.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– $175K under 2023 sale price – rare discounted entry point.
– Already generating $6,550/month income, proving strong rental demand.
– New roof, new gutters, new 200-amp electrical panel – big-ticket items handled.
– Huge 56’ x 108’ lot with tons of parking.
LISTING ID: 1025-NOR-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 & Sarah Budden
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?