Who’s looking for a profitable property?
Don’t miss the opportunity to buy a SFH with a renovated main floor at condo prices! Flip, BRRR or House Hack, the move-in ready main floor and side entrance opens up more than one path. Buy this detached bungalow for $199K address the basement or fully finish it to for a $435K sale. The main floor has already been updated for you and the roof, AC and windows are only 5 years old! The main floor footprint is manageable at 669 sq ft, which helps keep the project simple and budget tight. You get paid for tackling the basement – potential moisture issues – but the side entrance makes it worth it by creating a path to extra living space or a possible studio-style income unit. Quick access to the 406 and QEW, plus proximity to Fairview Mall, downtown, and a local plaza, help the location do the heavy lifting on value.
How can you profit?
1) Flip – Buy at $199K, the main floor is already renovated for you and then sell into an area where even outdated homes this size are selling at $435K. The small square footage and updated mechanicals, means you can keep your budget lean on the top floor. Clean up and tackle the basement, with sufficient spread for experienced flippers have a real margin to work with.
2) Landlord / BRRRR – The basement with side-entrance provides a two unit conversion opportunity to maximize rents! With main floor rents estimated around $1,500/month and basement unit rents around $1,400/month, that’s a combined rental potential of around $2,900. At only $199K, the numbers become interesting for investors who want a value-add hold.
3) Buy With Equity / House Hack – The renovated main floor provides a real opportunity for home owner to take advantage of significant value-add potential! Live on the main floor while you tackle the basement. With the side entrance, could you create basement income unit to take in up to $1,400/month to help offset the mortgage?
4) Realtors Bring Your Clients – at $199K is a rare entry point for an end-user client who wants to own instead of rent. Your flipper and value-add landlord clients will be happy you brought this one too – add your desired commission!
SUMMARY:
– LOCATION: St Catharines, ON (West of QEW & Niagara St)
– PURCHASE PRICE: $199,000 Or Best Offer
– AFTER REPAIR VALUE: $435,000
– CLOSING: May 27, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 1 bed/1 bath
– PARKING: 3 parking spots on shared driveway
– BASEMENT: Unfinished with side entrance
– SQFT: 669
– LOT: 30’ x 100’
– AGE: 1890
– PROPERTY TAX: $2,720 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Potential foundation remediation, finish basement for highest return!
– Paint and cosmetic touch-ups on main floor.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Renovated main floor – move-in ready
– Roof, windows and AC are all only ~5 years old
– Side entrance, strong setup for basement upside
– Quick access to the 406 and QEW, plus close to Fairview Mall, downtown, and a local plaza
LISTING ID: 0426-STC-F02
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
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PS. Email us today for your info package. Who wants to make money on this one?