Stoney Creek Special on Big Corner Lot! Flip, Convert or Move In. Available

  • $725,000
  • 5 beds
  • 1+1 baths
  • 1,413 sqft
Who’s looking for a profitable property?

This well-maintained bungalow in the heart of Stoney Creek sits on an oversized corner lot, offering plenty of space and functionality. The main floor features hardwood flooring throughout, a spacious eat-in kitchen ideal for family gatherings, and a cozy living room with a gas fireplace for relaxing evenings. Three good-sized bedrooms and a four-piece bathroom complete the main level.

The fully finished basement provides additional living space, including a large recreation room, 2 extra bedrooms, a second bathroom, and plenty of storage. Outside, the property includes a spacious yard, an above-ground pool, and an oversized double-car garage with 12-foot ceilings (28 feet wide by 19 feet deep), making it a great option for car enthusiasts.

How can you profit?
1) Fix & Flip: Buy for $725k, renovate, and sell in the high $800s.
2) Convert to 2 Units: Collect approx. $4850/month in rents! (3 bed uppers rent around $2750/month; 2 bed basements rent around $2100/month)
3) Move In and enjoy some instant equity!
4) FUTURE BONUS…new builds have been going in on the street…could you build your dream home on this lot in the future?

SUMMARY:
– LOCATION: Stoney Creek, ON (Hwy 8 & Gray Rd)
– PURCHASE PRICE: $725,000 Or Best Offer
– AFTER REPAIR VALUE: Nearing $900k
– CLOSING: March 25, 2025 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+2 beds/1+1 baths
– PARKING: Oversized 2 Car Garage. 4 Driveway Spaces
– BASEMENT: Finished with Separate Entrance. Easy to convert to a basement apartment if you like!
– SQFT: 1,413
– BIG CORNER LOT: 100’ x 90’
– AGE: 1948
– PROPERTY TAX: $5,682 (2024)
– POSSESSION: Vacant

RENOVATIONS NEEDED:
– Cosmetic updates as desired. This property has been very well maintained and is in move-in condition, but if you’re flipping, you’ll want to make some updates.
– Windows are original but seem fine.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.

GOOD NEWS:
– The big corner lot!
– Very well maintained home. Move in as-is if you like!

LISTING ID: 0125-STO-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 & Randall Reashore
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.

Price:
$725,000
Address:
Stoney Creek, ON
Square Feet:
1,413
Lot Size:
100’ x 90’
Bedrooms:
5
Bathrooms:
1+1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1948
Basement:
Finished with Separate Entrance.
Const. Type:
Detached Bungalow

Call (647) 557-5979 for more details