Who’s looking for a profitable property?
Buy for only $249k and with an ARV over $450,000. This detached bungalow is only 885 sq ft, which keeps the project scope limited and your reno costs down.
After renovation, you can keep the property and let the rental income pay for itself, or you can sell for a nice profit. Most renovated properties in the area are selling within 1 month on the market.
Many ARV comps have unfinished basements. This creates additional opportunity to add value and sell for even more! Within walking distance to a park and public school, this home will deliver a community feel that will help drive buyer demand.
How can you profit?
1) Fix and Flip – This is the clearest play here. With a $200k spread, a low purchase price, low carrying costs, and a market where renovated properties sell FAST, this should be a no brainer. If you’re an experienced flipper who knows how to execute, then this one is for you!
2) BRRRR – Very affordable entry point. Invest in renovations, then benefit from a $200k increase in value. Once done, rent it for $2,300-$2,600/month and let the property pay for itself.
3) Realtors: Bring Your Contractors! – This is not for end users. This property is for investor clients who want a cheap entry point, a fast closing, and a clear value-add opportunity. Add your desired commission.
SUMMARY:
– LOCATION: St. Catharines, ON (Lake St & Welland Ave)
– PURCHASE PRICE: $249,900 Or Best Offer
– AFTER REPAIR VALUE: $450,000
– CLOSING: April 7, 2026 (Seller can be flexible. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds/1 bath (all main floor)
– PARKING: Driveway parking for 3 vehicles. Two space tandem, third space is adjacent.
– BASEMENT: Partially finished, approx. 6 ft ceiling.
– SQFT: 885
– LOT: 45’ x 91’
– AGE: 1913
– PROPERTY TAX: $2,879 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full renovation required throughout.
– Finish the basement and add a bathroom for additional value-add!
– Windows are old, electrical may require attention.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Low entry point and low carrying costs at only $249,900
– Most comps are selling in less than 1 month!
– Simple bungalow layout keeps the renovation straightforward
– Roof updated about 3-4 years ago
LISTING ID: 0326-CAT-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, Sarah Budden & 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?