Who’s looking for a profitable property?
With even unrenovated comps selling over $650K, this is your chance to buy with a $250k spread! The home comes with deeded access to the water less than 100m away. You get the beauty of waterfront without waterfront prices.
This house has good bones, and many of the big-ticket items have already been upgraded. The detached workshop with separate panel will be a great selling feature for any end user.
Don’t forget the double lot that front’s onto 2 roads, giving you the opportunity to subdivide and create additional value. Proximity and access to water even make short-term rentals a viable option. Multiple exit paths remain open.
How can you profit?
Quick Flip – $250k spread for mostly cosmetic work. Newer roof and furnace will help keep your reno costs low. Not all comps have deeded water access like this one!
Hold & Rent – Complete cosmetic updates, and rent it out at an estimated $3K/month to long term tenants or take it to Air BNB where similar properties rent for $300/night. Low purchase price means low carrying costs.
Realtors Bring Your Clients – Bring your flippers, landlords, and end users (anyone who’s looking to buy with equity). Add your desired comp and let’s get you paid!
**BONUS VALUE** – Regardless of buyer type, this property is a double lot that fronts onto 2 roads and already has 2 driveways (one at the front and one at the back). Opportunity to subdivide for maximum value (buyer to verify). Sell the 2nd lot immediately, hold it until land value is up, or develop!
SUMMARY:
– LOCATION: Nestleton Station, ON (Mables Rd & Scugog Point Rd)
– PURCHASE PRICE: $399,900 Or Best Offer
– AFTER REPAIR VALUE: $650,000.00 (Some unrenovated comps are selling this high!)
– CLOSING: June 4, 2026 (This is flexible for the right buyer, this is an assignment sale.)
– TYPE: 1.25 Storey Detached
– BEDS/BATHS: 4 beds 1 baths
– PARKING: Driveway parking for 4+ cars AND parking at rear of lot from other road access.
– BASEMENT: No basement (crawl space)
– SQFT: 1,320
– LOT: 50’ x 200’ (Double lot with frontage on 2 roads)
– AGE: 1945
– PROPERTY TAX: $2,120
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates throughout.
– Possible division of lot for maximum value
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Deeded water access adds strong resale appeal
– 50′ x 200′ double lot with 2nd road frontage on rear of lot. Extra land value and possible severance upside (buyer to verify)
– Detached workshop (8’x12’) with power and separate panel
– Roof and furnace recently updated and in good shape
LISTING ID: 0326-NES-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, Tobias King & Georgia Godfrey
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?