Who’s looking for a profitable property?
Located just steps away from public, Catholic, and high schools, this property features a lot size ideal for adding a spacious garden suite, perfect for accommodating multiple families. Enjoy the convenience of being within walking distance of coffee shops, restaurants, shopping, and public transit, with easy access to Highway 401 and 407 just a short drive away.
How can you profit?
1) Fix & Flip: Buy for $679k, renovate, and sell in the $800s/$900s. Big spread for you to make a strong profit! By the time your renos are done, you’ll be enjoying the Spring 2025 market.
2) Easy Duplex Conversion! This has strong bones and a large layout (1200+ sq ft per floor), with 8′ ceilings in basement and all plumbing/electrical in place.
3) Bonus: Potential Severance Opportunity. This is a very interesting lot with R3 zoning. There is potential to add density or maybe even sever off part of this lot. It faces a commercial parking lot, so density would likely not be challenged…
SUMMARY:
– LOCATION: Whitby, ON (Thickson Rd N & Dundas St E)
– PURCHASE PRICE: $679,900 Or Best Offer
– AFTER REPAIR VALUE: Mid $800s at least (but the $800s sales are on much smaller lots.) $900s++ is also very likely. Especially if you make it nice! A very similar house/lot on the street just listed for $1.3M and it’s beautiful.
– CLOSING: December 18, 2024 (This is an assignment sale.)
– TYPE: Raised Bungalow (Detached)
– BEDS/BATHS: 3+1 Bedrooms/1+1 Bathrooms
– PARKING: 6 Car Driveway (at least!) Plus 2 Spot Carport
– BASEMENT: Finished with separate entrance to a basic basement suite. Could easily be a large 2 bedroom apartment! Ceilings are approximately 8’.
– SQFT: 1,241
– BIG LOT: 34’/200’/65’/200′
– AGE: 1964
– PROPERTY TAX: $5,304 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Time for a full reno! Plan for new kitchens, baths, flooring, and paint.
– The pets are using the floor as a litter box. Budget for new subflooring just in case.
– New fence, decking, and some stair repair are needed outside.
– Perhaps upgrade the HVAC. Currently electric baseboard heat.
– Converting basement? Change the layout a bit to add more bedrooms.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Big lot and R3 zoning leaves lots of room for the imagination! Could you sever the lot? Add a garden suite? Increase density? Yours to explore!
– Great location in highly coveted Blue Grass Meadows community
– Roof is about 5 years new
LISTING ID: 1124-WHI-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
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.