Who’s looking for a profitable property?
Secure a nearly turnkey bungalow in scenic Viewlake, less than a kilometre to both Lake Scugog and the local golf course. This property sits on a large 132’x 330’ ONE ACRE LOT with farmland neighbours on two sides, offering privacy, space, and a country feel while still being close to amenities. A massive 2010 addition doubled the home’s size to 2,513 sq ft and created a beautiful main floor with four bedrooms, two baths, an attached heated 2 car garage, and a huge unfinished basement with almost 10 ft ceilings under the addition. With over $100K recently spent on the exterior landscaping including a 40 by 40 composite deck, fire pit grotto, generator system, and hot tub, this one delivers incredible value for both end users and investors.
This property is ideal for anyone wanting a country lifestyle, tons of usable space, and the ability to add serious value through a future basement conversion. Only light finishing touches are needed, making this a rare opportunity at a discounted price.
How can you profit?
- Move In with Equity – The home is turnkey! Only minor touchups needed. Move in and enjoy the upgrades, land, garages, and deck while holding instant equity in a rural pocket with limited supply.
- Easy Wholetail – List as-is or finish the basement to create a beautiful lower level with strong resale appeal. With an ARV around $1-$1.2M, there is upside for the right investor who knows how to maximize the basement’s potential.
- Future Basement Apartment – Add a separate entrance and convert the basement into a full second suite. Basement ceiling height is almost 10 ft which is extremely rare in rural properties. Strong long term rental appeal for multi generational living or income producing layouts. Buyer to verify zoning and municipal rules.
SUMMARY:
– LOCATION: Viewlake, ON (on Lake Scugog, 45 min north of Oshawa. Hwy 57 and Golf Course Rd)
– PURCHASE PRICE: $799,900 Or Best Offer
– AFTER REPAIR VALUE: $1M-$1.2M, depending on finishes
– CLOSING: December 30, 2025 (But likely flexible into 2026 for the right buyer! This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 4 beds/2 baths
– PARKING: Unlimited! Plus 2 car attached garage (with its own furnace!) and 1 car detached garage
– BASEMENT: Unfinished. Extra high 10’ ceilings make basement feel super luxurious!
– SQFT: 2,513
– LOT: 1 Acre
– WELL/SEPTIC
– AGE: 1966
– PROPERTY TAX: Approx $4,997 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Light finishing work only. A few cosmetic touch ups will bring the main level to full completion (under $5k). E.g. – bathroom mirror, some light fixtures, etc.
– The basement is unfinished and offers a major value add opportunity if finished.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Massive 2010 addition doubling the home’s size
– Nearly turnkey with only ~ $5,000 in finishing needed
– 40 by 40 composite deck only 5 years old
– $15,000 generator system included
– Heated and insulated attached 2 car garage with its own furnace
– Additional detached garage or large shed
– Hot tub included
– Farmland on two sides with privacy and views
– Almost 1 acre lot close to Lake Scugog and the golf course
LISTING ID: 1225-VIE-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
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?