Who’s looking for a profitable property?
There are few recently sold renovated comps to establish ARV. However, even dated comps are selling in the mid-to-high $500Ks, and dated comps with an in-law suite are selling as high as $700K!
This Stoney Creek detached already has a separate entrance to the full-height basement, simplifying a 2-unit conversion. A basement unit could significantly improve ARV increasing the $300K spread, or create additional monthly cash flow as a buy-and-hold investment.
The oversized lot offers additional value for investors thinking long-term, and this is a feature not commonly seen in this neighborhood.
How can you profit?
1) Full Renovation Flip – This property needs a full gut renovation. Once renovated, properties of this size are selling over $650K. Even dated comps are selling in the mid-to-high $500Ks, while properties that have an in-law suite selling even higher. This gives you a $300K+ spread to work with!
2) Add a Basement Unit (BRRRR) – The basement already has a separate entrance and full ceiling height, making a 2-unit conversion easier. Once finished, estimated basement rent is $1,500–$1,800 per month, while estimated main floor rent is $1,800–$2,200 per month. That’s a total of $3,300–$4,000 per month.
3) Future ADU/Garden Suite Potential – At 50′ x 220′, this lot is more than double the depth of a typical city lot. For investors thinking long-term, that extra depth could accommodate a future garden suite, creating an additional income stream that most properties in this price range simply don’t have space for.
4) Realtors Help Your Investors Land Their Next Deal – If you’ve got flippers or BRRRR clients who want a $300K+ spread, this one is for you! 3% Co-Op included.
SUMMARY:
– LOCATION: Stoney Creek, ON (Hwy 8 & Green Rd)
– PURCHASE PRICE: $349,000 Or Best Offer (includes 3% Co-Op for real estate agents)
– AFTER REPAIR VALUE: $675,000
– CLOSING: November 24, 2026 (Some flexibility if needed, this is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2 beds / 1 bath
– PARKING: 1-car detached garage plus parking for 3 cars in the driveway
– BASEMENT: Partially finished, full-height ceiling, separate entrance
– SQFT: 802
– LOT: 50′ x 220′ (Large lot, future ADU potential?)
– AGE: 1949
– PROPERTY TAX: $3,646.71 (2026)
– POSSESSION: Vacant
– POTENTIAL RENT: Estimated $3,300–$4,000/month total if converted into two units (main floor: $1,800–$2,200; basement: $1,500–$1,800)
RENOVATIONS NEEDED:
– Full cosmetic renovation throughout
– Detached garage needs a new roof
– Replace exterior siding if desired
– Signs of mold present in the basement, remediation required
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
LISTING ID: 1026-STO-F01
GOOD NEWS:
– Large 50’ x 220’ lot! Opens the door for future ADU potential
– Basement has a separate entrance and full ceiling height, conversion-ready
– Located in the heart of Stoney Creek
– Large $300K+ spread
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, Tobias King & Georgia Godfrey
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.