Who’s looking for a profitable property?
With an exact comp (with fewer updates) selling at $850K, you can be confident you’re purchasing more than $150K below current market value! The house is a vacant 1,228 sqft, 3-bed detached in move-in condition. The property has a finished basement and a straightforward update list that includes the kitchen, bathrooms and flooring. With an ARV of $1M, updated properties in this area are selling fast – the comps sold in 9-18 days on market!
How can you profit?
1) Wholetail / Cosmetic Flip – Buy at $699K, just clean it up and re-list for $850K+ or go for the $300K spread with a cosmetic refresh of the kitchen, bathrooms and flooring and an additional bathroom. With fast moving comps in this pocket, you can feel confident in your margins!
2) Move In With Equity – with $150K+ in instant equity on this move-in ready Scarborough detached, you can confidently make a good investment without compromising on comfort. You won’t find opportunities like this sitting on the MLS!
3) Realtors, Bring Your Clients – don’t let your end-users or investors miss out on this equity grab – 2.5% Co-Op included at $719K!
SUMMARY:
– LOCATION: Scarborough, ON (Kingston Rd and Harding Blvd)
– PURCHASE PRICE: $719,000 (includes 2.5%+HST Co-Op)
– DIRECT BUYER DISCOUNT: $699,000 Or Best Offer
– AFTER REPAIR VALUE: $1,000,000
– CLOSING: August 18, 2026 (This is an assignment sale.)
– TYPE: 2 Storey detached
– BEDS/BATHS: 3 Beds / 2 baths (1 above grade, 1 below grade)
– PARKING: 1-car driveway parking
– BASEMENT: Finished, 4-piece bathroom and laundry
– SQFT: 1,228
– LOT: 25’ x 100’
– AGE: 1930
– PROPERTY TAX: $4,540 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic refresh, kitchen, bathrooms and flooring.
– Roof, furnace and window condition to be confirmed at inspection.
– Add AC.
– Add an additional bathroom for maximum return.
– Note: only one site-visit will be provided by the seller prior to closing.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Multiple exits, move-in ready plus room for a flip
– Vacant possession, making renovations or occupancy straightforward
– Three above-grade bedrooms plus a finished basement with a 4-piece bathroom and laundry
– Close to Birch Cliff Public School, Birchmount Park Collegiate, transit, Scarborough GO, the Scarborough Bluffs and Lake Ontario
LISTING ID: 0726-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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