Who’s looking for a profitable property?
With an ARV between $1.15M–$1.3M and a price of just $799k, this detached bungalow offers serious spread for renovators. Featuring 3+3 bedrooms and a finished basement with a separate side entrance, it’s primed for a flip or 2-unit conversion. Yes, there’s black mold in the basement from drainage issues—but that’s your gateway to unlocking major equity.
This house is on a quiet, family-friendly street just minutes from Warden Station, Highway 401, top-rated schools, and major shopping. The extra-deep 40’ x 124’ lot adds development flexibility and long-term appeal, making this a high-upside project in a strong Scarborough pocket.
How can you profit?
1) Fix & Flip: A renovated 2-unit sold last week for almost $1.3M!—you’re getting $500K in potential spread. This is a big canvas for flippers with vision.
2) 2 Unit Conversion: Already has a side entrance and finished basement layout. Reno it properly, address the mold, and apply for permits. Long-term hold with appreciation potential!
3) Build Your Dream Home: Does your family love the neighbourhood? A 2200 sq ft custom home on the street sold for $1.66M in February on the same size lot.
SUMMARY:
– LOCATION: Scarborough, ON (Ellesmere Rd & Warden Ave.)
– PURCHASE PRICE: $799,900 Or Best Offer
– AFTER REPAIR VALUE: $1.15M-$1.3M. A renovated 2-unit sold last week for almost $1.3M!
– CLOSING: July 31, 2025 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+3 beds/1+1 baths
– PARKING: Large driveway to park 3+ cars
– BASEMENT: Finished with separate entrance, 3 bedrooms and a kitchen (per Seller)
– SQFT: 1,073
– LOT: 40’ x 124’
– AGE: 1953
– PROPERTY TAX: $3,927 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Main floor requires full cosmetic updates (original condition)
– Black mold remediation needed in basement from suspected drainage issue. Cosmetic updates will also be required to kitchen & bath in basement.
– Deck needs repair
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– HUGE $500K spread!
– 2-unit conversion potential with side entrance
– Excellent access to transit and amenities
LISTING ID: 0525-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
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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P.S. Don’t let someone else take advantage of this Scarborough slam dunk! Contact us now for more information.