Who’s looking for a profitable property?
$250K in gross spread for mainly cosmetic work. This large 2,850 sqft detached is available for only $349K.
Located in a small town, there are few comps of this size, but even smaller homes of a similar age are selling over $600K once renovated!
The early-2000s rear addition nearly doubled the size of the home and gives investors a practical starting point for a possible back-to-front two-unit conversion. Estimated combined rents after conversion are approximately $3,400-$4,000/month. On top of that, the large 50 x 182 lot creates future garden suite potential, giving you multiple exit paths!
How can you profit?
1) Quick Flip / Wholetail – The low purchase price keeps carrying costs down, and the large sqft gives you the room to bring your vision to life! Benefit from a $250K spread without taking on a full-gut renovation.
2) Add a Second Unit – The front and rear portions of the house each have exterior access, and the addition creates a practical layout to explore a back-to-front duplex conversion. Estimated rents are approximately $1,700-$2,000/month per unit, or $3,400-$4,000/month combined.
3) Move In With Equity – End users get 2,850 sqft, four bedrooms, 2.5 bathrooms, and a large lot for only $349K. Update the finishes over time while getting more house and more land for your money than typical retail options.
4) Realtors: Bring Your Clients – This works for experienced flippers, or value-focused end users who want a deal more than they want turnkey condition. The low entry price leaves plenty of room for buyers to improve the property based on their preferred exit. 2.5% Co-op included.
SUMMARY:
– LOCATION: Winchester, ON (50km S of Ottawa)
– PURCHASE PRICE: $349,900 Or Best Offer (2.5% co-op included for Realtors)
– AFTER REPAIR VALUE: $600,000
– CLOSING: August 31, 2026 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4 beds/ 2.5 baths
– PARKING: 3 cars driveway spaces
– BASEMENT: Partially finished
– SQFT: 2,850
– LOT: 50’ x 182’ (Large lot, future garden suite potential?)
– AGE: 1912
– PROPERTY TAX: $4,225 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic renovations throughout.
– Roof should be replaced.
– Complete the basement to make that space fully usable and increase the living space of the home!
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Massive 2,850 sqft layout with four bedrooms and 2.5 bathrooms
– Early-2000s rear addition nearly doubled the original home’s size
– 200-amp breaker panel and copper plumbing
– Windows reported to be in great condition
– Front deck, rear deck, and stone patio are in good overall condition
– 50′ x 181.5′ lot supports future garden suite consideration
– Potential back-to-front two-unit layout with estimated combined rents up to $4,000/month
LISTING ID: 0726-WIN-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, 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.