Who’s looking for a profitable property?
Flippers, here’s your next project.
There is over $200K in spread on a detached split bungalow with great bones and updated mechanicals! Buy for $499K and sell into a market where renovated comps are selling over $700K. The house has strong fundamentals: functional layout, finished basement, updated big-ticket items – did we mention the premium curb appeal of the park frontage? The durable metal roof is under 5 years old, sump pump is 3 years old, and the furnace, AC and HWT are all less than 3 years old! The finished basement offers great in-law / nanny suite potential! With a solid layout that doesn’t require massive structural changes, you can stick to refreshing the cosmetics and addressing the mould developing in the bathroom. This is a practical setup for an easy flip or end user equity buyer.
How can you profit?
1) Easy Flip / Wholetail – Buy at $499K, clean it up, paint, update cosmetics, address the kitchen and bathrooms, and list into an area where comps are selling in the $700s. With the metal roof under 5 years old and furnace, AC, and HWT under 3 years old, flippers can focus on the things that really drive those offers on open house day!
2) Two-Unit Conversion – The basement is already finished with a bedroom, bath and large windows – the hard work is done. Add a side entrance, and you’ve unlocked a legal two-unit with an estimated $4,200–$4,400/month in combined rents (main floor: $2,400–$2,500/month; basement: $1,800–$1,900/month). With updated mechanicals across the board, this BRRR pencils!
3) Move In With Equity – This presents a great opportunity to purchase a family home for only $499K, move into a solid brick bungalow with big-ticket items already handled, and do cosmetic updates over time! The basement gives extra living space for a growing family or multi-generational living.
4) Realtors: Bring Your Clients – This works for investor clients and handy end users looking for a discounted detached home with room to add value. Don’t let your clients miss out – add your desired commission!
SUMMARY:
– LOCATION: Peterborough, ON (Lansdowne St W & The Parkway)
– PURCHASE PRICE: $499,000 Or Best Offer
– AFTER REPAIR VALUE: $700,000+
– CLOSING: May 29, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+1 beds/1+0.5 baths
– PARKING: 1 Garage spot plus 2 Driveway spots
– BASEMENT: Finished with bedroom, 2-piece bath, laundry, large windows, and fireplace
– SQFT: 1,179
– LOT: 52’ x 142’
– AGE: 1977
– PROPERTY TAX: $4,741 (2025 est)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Paint and flooring throughout, cosmetic refresh of kitchen.
– Mould remediation and cosmetic refresh of bathroom.
– Expand half bath or add bath for top dollar resale.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Great bones and $200K in spread to update cosmetics
– Metal Roof, Furnace, AC, HWT and Sump Pump ALL < 5 years old
– Finished basement with bedroom, bath, fireplace, laundry, and large windows
– Premium curb appeal, fronting a park and near St. Alphonsus and Keith Wightman schools
LISTING ID: 0426-PET-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.
PS. Email us today for your info package. Who wants to make money on this one?