Who’s looking for a profitable property?
Buy a detached Whitby bungalow for $499K with an ARV upward of $800K. Even comps without pools are going for $750K+, so you can feel confident in your bottom line on a solid property with great bones, curb appeal and an inground pool! Detached homes here are moving fast in this established Whitby pocket and a sub-$500K buy hasn’t happened in years. The basement has 7.25 ft ceiling height and access through the garage, creating a practical path for future 2-unit potential. Add in strong resale upside, and multiple exit paths remain open.
How can you profit?
1) Easy Flip / Wholetail – Buy at $499K, clean it up, complete a cosmetic refresh, and resell upwards of $800K! Comps WITHOUT pools are selling for $750K and even modest finishes fetch top dollar in this neighbourhood. Check out the pool comp that sold at $810K with an outdated kitchen and baths! With a $250-300K spread, flippers have room to work without needing to chase a complicated strategy.
2) Two-Unit Conversion – The finished basement has 7.25 ft ceiling height and access through the garage, giving landlords a possible conversion angle with an estimated $4,200-$4,800 in combined monthly rental income (main floor: $2,700-$3,100/month; basement unit: $1,500-$1,750/month).
3) Move In With Equity / House Hack – End users can buy a detached bungalow in Whitby for the price of a condo and go to bed with $150K+ in equity day one! Buy at $499K, clean it up and simply enjoy the equity, or convert the full-height finished basement into a rental unit and have the tenant cover $1,500-$1,750/month of the mortgage. Make a good investment this summer while relaxing by your own private pool!
4) Realtors Bring Your Clients – Your end-user and investor clients will both thank you for bringing them this one – 2.5% Co-Op included at $515K!
SUMMARY:
– LOCATION: Whitby, ON (NE of Hwy 401 & Hwy 412)
– PURCHASE PRICE: $515,000 (includes 2.5% Co-Op)
– DISCOUNTED DIRECT BUYER PRICE: $499,000 Or Best Offer
– AFTER REPAIR VALUE: $750,000-$800,000 (comps WITHOUT pools selling for $750K!)
– CLOSING: July 30, 2026 (This is an assignment sale.)
– TYPE: Detached bungalow
– BEDS/BATHS: 3+1 BEDS / 1+0.5 BATHS
– PARKING: Garage, 2-car attached + Driveway, 2-car parking
– BASEMENT: Finished basement, 7.25 ft ceiling height, access through the garage
– SQFT: 1,270
– LOT: 51’ x 105’
– AGE: 1973
– PROPERTY TAX: $5,648
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Paint and flooring updates
– Cosmetic refresh of kitchen and bathrooms
– Electrical panel is outdated
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Pool and backyard provide unique selling feature
– Finished basement with 7.25 ft ceiling height and garage access
– Roof and windows approx. 10 years old
– Double garage plus 4 total parking spots
LISTING ID: 0626-WHI-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, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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