Who wants a Scarborough flip with a clean $200k+ spread and a realistic scope of work?
Buy at $699,900 OBO, update cosmetically, and sell into the $900,000+ range. You also get a finished basement in-law suite with a kitchen, 1 bedroom, laundry, and a separate entrance from the backdoor, which keeps the 2-income path on the table if you’d rather hold or BRRRR. The lot is 50’ x 104’, parking is 5+ cars, and the roof is only 4 years old. Multiple exit paths remain open.
How can you profit?
1) Fix and Flip – Buy at $699k, deliver a cosmetic update, and sell into the $900s. Clean $200k spread, practical layout, and resale comps that support the thesis.
2) Convert In Law Suite to Legal Basement Unit – The basement is already finished and includes a kitchen, 1 bedroom, and rear access for separation. Target upper rents of $3,000/month and basement $1,700-$1,900/month (estimated, based on comparable properties) for nearing $5,000/month total, then decide if you hold, refinance, or resell.
3) BRRRR / Buy and Hold – Force appreciation with a full cosmetic update, stabilize it with income from two units, then refinance against the $900k+ ARV. The setup is practical, but always verify secondary suite requirements before you build your final plan.
SUMMARY:
– LOCATION: Scarborough, ON (Lawrence Ave & Scarborough Golf Club Rd)
– PURCHASE PRICE: $699,900 Or Best Offer
– AFTER REPAIR VALUE: $900,000+
– CLOSING: June 2, 2026 (Might be somewhat flexible. This is an assignment sale.)
– TYPE: Detached Backsplit (2 Storey)
– BEDS/BATHS: 4+1 beds/2 baths
– PARKING: 5+ Driveway Spaces
– BASEMENT: Finished in law suite with kitchen, laundry room, rec room, 1 bedroom. Separate entrance from backdoor.
– SQFT: 1,592
– LOT: 50’ x 104’
– AGE: 1963
– PROPERTY TAX: $3,725 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full cosmetic update throughout (kitchen, baths, flooring, paint)
– Replace a few windows (if needed)
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Big $200k+ Spread
– Two kitchens already in place!
– Roof only 4 years old
– No neighbours to rear and one side (backs onto school)
LISTING ID: 0326-SCA-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
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.
PS. Email us today for your info package. Who wants to make money on this one?