Who’s looking for a profitable property?
This one’s for the flippers!
Whether youāre an experienced flipper looking for your next gut, or a first-timer, looking for a project with anĀ affordable entry and low carrying costs, this oneās for you!
With 1,550 sqft and a $300K spread, this detached has strong fundamentals. Being a small town, there are few renovated properties to compare to, but a comp in good shape sold earlier this month for $420K! This comp was smaller, with less beds, an unfinished basement, and it wasnāt even newly renovated (it just wasnāt super dated).
Small-town charm, and walking distance to the river, and Lake Lyndhurst are the icing on the cake!
How can you profit?
1) Full Renovation Flip ā At only $99K this property is less expensive than vacant lots on MLS! With even dated properties in this town selling over $300K this one will be a moneymaker.Ā ARV is AT LEAST $400K, giving you a $300K+ spread. With a purchase price this low your carrying costs will be almost negligible!
2) Realtors ā Bring your investors! Weāre looking for flippers who are comfortable with a bigger project and donāt mind a property thatās more rural.Ā Add your desired commission.Ā
SUMMARY:
– LOCATION: Leeds and The Thousand Islands, ON (Lyndhurst)
– PURCHASE PRICE: $99,900 Or Best Offer
– AFTER REPAIR VALUE: Ā $400,000+
– CLOSING: June 8, 2026 (Thereās some flexibility here. This is an assignment sale.)
– TYPE: 1 3/4 Storey Detached
– BEDS/BATHS: 3 beds/1 bath
– PARKING: 1 car detached garage + 2 cars in driveway
– BASEMENT: Unfinished, not full height.
– SQFT: 1,558
– LOT: 66ā x 99ā
– AGE: 1900
– PROPERTY TAX: $1,463 (2025)
– POSSESSION: VACANT
RENOVATIONS NEEDED:
– Full gut renovation required throughout.
– Property has not been lived in for several years.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Priced below tax-assessed value
– Only $99K for a 3-bedroom detached home!! (You could buy this on a credit card!)
– Large $300K spread for a manageable 1,500 sqft
– In the heart of Lyndhurst, walking distance to shops, the river and Lyndhurst Lake!
LISTING ID: 0326-LEE-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and moreā¦)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca ā 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?