Who’s looking for a profitable property?
Flippers and STR Operators, here’s your next project!
This is a solid flip opportunity on a detached home in a desirable area near Parry Sound, only 2.5 hours from Toronto. This ravine lot offers fitness trail access, while the spacious layout provides plenty of upside with only cosmetic updates required! The house is in good condition with mechanicals in solid shape (furnace 2025). Comparable homes with modest updates are trading upward of $680K. Alternatively, set up your short-term rental and start earning money quickly with minimal improvements – maximize your investment over time! Multiple exit paths remain open for investors who want flexibility.
How can you profit?
1) Easy Flip – Paint, flooring, modernize fixtures and list. Homes with modest updates and finished basements in this area are selling in the $680K to $700K+ range. With a purchase price of $449K and bones in good condition, there’s $200K+ in margin without heavy renovation.
2) Short-Term Rental – This home offers the perfect combination of space and location for a short-term rental. Parry Sound’s Georgian Bay location drives strong year-round demand – summer boaters and cottagers, fall foliage seekers, and winter snowmobilers, just 2.5 hours from Toronto. Purchase for $449k and after minimal updates, you can earn $3,700-$4,700/month on platforms like Airbnb. With a serene, private lot backing onto a ravine, it’s perfect for guests looking to escape the city, providing steady demand and strong returns. Maximize rental capacity by finishing the full-height section of the basement!
3) Family Cottage with Equity – With the home in solid condition, your family can start making memories right away, while you update over time. With modestly updated homes selling in the $680K+ range, you’ll be making a good investment at the same time!
4) Realtors, Bring Your Clients – This property is a great fit for your clients who are looking for a solid property in a desirable area at a discounted price. With a price point of $449K and strong neighbourhood equity, it’s a perfect opportunity for those looking for a primary residence or vacation cottage at an affordable price! Add your desired commission!
SUMMARY:
– LOCATION: Parry Sound, ON (Joseph St & Isabella St)
– PURCHASE PRICE: $449,000 Or Best Offer
– AFTER REPAIR VALUE: $650,000++
– CLOSING: May 11, 2026 (Possibly flexible for earlier close. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 4 beds/2.5 baths
– PARKING: 2-car garage (heated), plus 4-car driveway
– BASEMENT: Part crawlspace, part full height (approx. 700sf with existing workshop)
– SQFT: 2,063
– LOT: 160’ x 138’
– AGE: 1985
– PROPERTY TAX: $4,954 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Paint, flooring, kitchen and laundry room refresh.
– Finish full-height portion of the basement to maximize returns.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Solid bones with light cosmetic work needed.
– Newer furnace (2025).
– Ravine lot near the water with fitness trail access.
LISTING ID: 0326-PAR-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, Tobias King, Georgia Godfrey, 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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