Who’s looking for a profitable property?
This property is ready to be flipped! Good bones, needing a cosmetic renovation, and a clear path to profit with a $270k spread. On top of that, this property was recently appraised for $830K, meaning you get to buy it for a $200k discount!!
Located on the Nottawasaga River in Wasaga Beach, this home is only a few hundred metres to the beach, and is walking distance to restaurants and shopping.
The walkout basement has potential for a conversion into 2 units. Many comps in this area don’t have a basement! Lots of parking, and big ticket items are in good working order. There are 2 large decks out back, a hot tub, and easy access for swimming, boating, and fishing. This home is ready to be your next profit play!
How can you profit?
1) Fix and Flip – Waterfront properties make for amazing flips! Once renovated they can command top dollar. This property brings a $270k spread, and you may be able to increase it further by adding a basement unit. This is a major advantage as many comps in the area don’t have a basement at all.
2) Add a Basement Unit – The walkout basement already has its own exterior access, a bedroom, and full bathroom. Add a kitchen and you have a practical in-law suite or rental setup. NON-waterfront rents are around $2,200-$2,700/month for the upper level and $1,400-$1,700/month for the basement. Fetch even higher rents with this waterfront property. Lots of parking available.
3) Short-Term Rental or Vacation Hold (Buyer to verify with municipality) – Waterfront property with easy swimming, boating, and fishing, and only a few hundred metre walk to famous Wasaga Beach. River-front properties renting $650-$950/night during peak season.
4) Realtors: Bring Your Clients – If you have buyers looking for waterfront in Wasaga Beach, then this one is for your! Help your clients save $200k on their next home. (2.5% co-op included).
SUMMARY:
– LOCATION: Wasaga Beach, ON (Mosley St. & Sunnidale Rd S.)
– PURCHASE PRICE: $629,900 Or Best Offer (includes 2.5% co-op for Realtors)
– APPRAISED VALUE: $830,000 (your chance to buy for $200k below current appraised value!!)
– AFTER REPAIR VALUE: $900,000
– CLOSING: April 15, 2026 (minimal flexibility if needed. This is an assignment sale.)
– TYPE: Waterfront Detached Bungalow
– BEDS/BATHS: 3+1 beds / 2 baths
– PARKING: 2 car garage plus 4+ cars in driveway
– BASEMENT: Walkout basement with riverfront view. 3/4 finished with bedroom and bathroom. Possible 2-unit conversion.
– SQFT: 1,020 + 800 walkout basement.
– LOT: 50’ x 175’
– AGE: 1977
– PROPERTY TAX: $3,657 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout
– Basement ceilings and drywall need to be finished
– Possible conversion to a basement apartment
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Waterfront lot along the Nottawasaga River
– Short walk to the beach, restaurants, and public transit
– 50′ x 175′ lot
– Walkout basement with 2-unit potential (the basement already has a bedroom and full bathroom)
– Tons of parking
– Updated electrical, roof less than 10 years old, new-ish windows, RV hookup, hot tub, 2 large decks and more!
LISTING ID: 0326-WAS-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, Georgia Godfrey & Tobias King
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.
PS. Email us today for your info package. Who wants to make money on this one?