Who’s looking for a profitable property?
This Peterborough detached bungalow delivers a $150K spread, with great potential for either flipping or rental income.
Priced at just $449K, offering strong upside this deal provides multiple profitable exits! Flipper and landlords alike will appreciate the roof, AC, furnace and electrical updates only 1 year old, windows only 6 years old. Located near Trent University, this property is a student rental cash cow, with rents ranging from $600-$800 per room. The separate entrance to the finished basement presents a perfect opportunity for a 2-unit conversion – add a kitchen, and you have a self-sufficient unit with a combined total potential rent of $3,800-$4,200/month. Flippers have $150K of spread on this cosmetic flip. Whether you choose to hold as a rental or flip, this property offers flexibility and a clear path to profit.
How can you profit?
1) Easy Flip – Buy this cosmetic flip for $449K, focus on the cosmetics and sell in the area where homes are going for over $600K. Keep your flip tight and your budget under control – with all the mechanicals already updated, there’s a $150K spread on a fast flip!
2) Buy and Hold, 2 Unit Conversion – The separate basement entrance adds optionality to this property! Add a kitchen to the basement, and you could collect $1,600-$1,800/month from the basement unit. With main floor rent around $2,200-$2,400/month, that a total potential rent of $3,800-$4,200/month.
3) Rent by the Room – Buy this as-is, keep it rented to students, and earn cash flow from day one. With students paying $600-800/month per room, this property delivers solid rental returns. Check out the comp that’s renting at $850 per room!
4) Realtors, Bring Your Clients – Your flipper and landlord clients will thank you for bringing them this one! This property checks all the boxes for flipping or renting out – add your desired commission!
SUMMARY:
– LOCATION: Peterborough, ON (SE of Hilliard St & Cumberland Ave)
– PURCHASE PRICE: $449,000 Or Best Offer
– AFTER REPAIR VALUE: around $600,000
– CLOSING: August 31, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+1 beds/1+1 baths
– PARKING: Carport 1 Space, Driveway 3 Spaces
– BASEMENT: Finished with separate entrance
– SQFT: 1,061
– LOT: 58’ x 110’
– AGE: 1966
– PROPERTY TAX: $4,228
– POSSESSION: Vacant at closing
RENOVATIONS NEEDED:
– Paint and flooring throughout; dry wall repairs.
– Cosmetic refresh of kitchen and bathrooms.
– Add a basement kitchen for 2-unit conversion.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Separate entrance to basement, perfect for a 2-unit conversion.
– Currently rented to students at $550-$650/month per room as is (delivered vacant).
– Newer roof (2025), furnace (2025), AC (2025), electrical update (2025) and windows (6 years old).
– In-demand student rental area, close to Trent University.
LISTING ID: 0426-PET-F02
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?