Attention Handymen, House Hackers and Developers! Who’s looking for a profitable property?
If you’re looking for a place in the heart of Scarborough, and don’t mind putting in a little work, then this is the place for you! Already set up as 2 units with a separate side entrance, this property has good bones but is ready for an update
The detached garage and long driveway mean lots of parking. Combined monthly rent expected over $4k post renovation. Big ticket items updated in the past 10 years so you can just prioritize cosmetics improvements.
Initial research indicates this property falls under Toronto’s Major Streets Policy. Allowing for increased density and mid-rise apartment buildings (up to six storys). With 40 ft frontage this is a development opportunity. Walking distance to both local public school and high school.
How can you profit?
1) Landlords – Buy vacant and pick your tenants. This is primarily a cosmetic renovation. Estimated combined rent: $3,700-$4,200/month ($2,300-$2,600 main + $1,400-$1,600 basement).
2) Fix and Flip – Renovate to a clean, modern finish and sell over $1M. Good bones, and most of the big ticket items have been updated in the past 10 years.
3) Realtors – Bring your Handymen and House Hackers, 2.5% co-op commission included. Help your buyers who don’t mind putting in a little “sweat equity” get this place at a great price.
4) Developers – 40 ft frontage, under Toronto’s Major Streets Policy (buyer to confirm) allows for up to 6 stories, removes parking minimums, and allows for up to 60 units
SUMMARY:
– LOCATION: Scarborough, ON (Kennedy Rd & Lawerence Ave)
– PURCHASE PRICE: $749,900 Or Best Offer
– AFTER REPAIR VALUE: $1,000,000+
– CLOSING: March 25, 2026 (Seller wants to close fast! This is an assignment sale.)
– TYPE: Detached bungalow
– BEDS/BATHS: Main floor unit is 3 beds, 1 bath. Basement unit is 1 bed 1 bath.
– PARKING: Detached 1-car garage + at least 4 cars in driveway (tandem)
– BASEMENT: Finished as a 1 bedroom apt with separate side entrance
– SQFT: 1,096
– LOT: 40’ x 118’
– AGE: 1953
– PROPERTY TAX: $4,042 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout the home.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Separate side entrance to basement
– Two kitchens already in place
– Vacant possession, renovate and pick your own tenants
– Development opportunity under Toronto’s Major Streets Policy
– Detached garage, and ample driveway parking for tenants
– Big ticket items in good shape
LISTING ID: 0226-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?