Holy smokes, Batman!
A 2,200 sq. ft. Thornhill home with 4+2 beds, 4 bath – priced at only $1.18M? Even the Joker couldn’t ignore this massive half-million-dollar spread. This fixer-upper is pure opportunity.
Here is your chance to secure a discounted detached home in German Mills one of Thornhill’s most prestigious, high demand family pockets. This mature neighbourhood is known for its quiet tree lined streets, top ranked schools, parks, community centres, and fast access to Hwy 404, 401, 407 and major amenities. And we need to mention the schools again because they have highly ranked public, catholic and private schools. Homes here command strong values even in dated condition, and this property shows very well. With 2,237 sq ft above grade, 4+2 bedrooms, 3.5 baths, a finished basement, a 50 foot by 125 foot lot, and great bones, this is the type of property end users and investors chase for years. The kitchen is updated, finishes are clean, and many big ticket mechanicals are only three years old. Fully renovated homes on nearby streets are selling around $1.6-$1.7M, giving you serious upside at this price.
How can you profit?
1) Fix and Flip – Similar homes on neighbouring streets are selling around $1.7M when renovated. Bring your vision, make it beautiful and make the money.
2) Move In with Equity: Realtors we’re paying full commission: bring your buyers… End users can update slowly and still enjoy a home in one of the GTA’s most established, family friendly neighbourhoods. Buy with instant equity in an area where dated but clean homes regularly trade at much higher numbers. Move in, personalise it, and hold long term.
3) Easy Wholetail for a Fast Resale – Clean it out, refresh the basement bathroom, handle the chimney leak and minor raccoon intrusion near the roof line, and relist to the broad Thornhill end user market. The spread supports a light touch wholetail approach with minimal renovation risk. Thornhill buyers pay for location and schools, not perfection, which makes this an efficient flip play.
SUMMARY:
– LOCATION: Thornhill, ON (John St & Don Mills Rd)
– PURCHASE PRICE: $1,179,000 Or Best Offer
– AFTER REPAIR VALUE: $1,600,000 to $1,700,000
– CLOSING: January 16, 2025 or sooner (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4+2 beds/3.5 baths
– PARKING: 2 parking in driveway plus 2 car garage
– BASEMENT: Finished
– SQFT: 2,237
– LOT: 50’ x 125’
– AGE: 1973
– PROPERTY TAX: $6,835 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– A home inspection report is already available. Please request it to see full details.
– Many parts of the home are well maintained and in good conditions. Some parts are dated.
– Basement bathroom and corridor show mould related to a leaky chimney.
– Chimney and roof area require repair.
– Cosmetics as desired to modernise an otherwise well maintained home.
– Significant junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Prestigious Thornhill location in German Mills with top schools and family friendly streets.
– Fully renovated homes on nearby streets are selling around $1.7M.
– Well maintained interior with an updated kitchen and clean finishes.
– Furnace, AC and HWT are from February 2022.
– Excellent layout with 4+2 bedrooms and 3.5 baths.
– Finished basement with full height ceilings.
LISTING ID: 1225-THO-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
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.
PS. Email us today for your info package. Who wants to make money on this one?