Broadlands Blvd, North York
Offer Date: FIRST COME FIRST SERVED
Closing Date: December 22, 2025 – QUICK CLOSING!**The Seller may occupy the property after closing for a period until January 15, 2026 at no cost provided the seller obtains a policy of tenant insurance. The Seller may exercise this option by written notice to the Buyer on closing. If the Seller exercises such option then the Buyer’s lawyer shall holdback $50,000 due on the statement of Adjustments and shall not be required to pay same to seller’s lawyer unless and until the seller vacates the property. Each day the seller stays after January 15, 2026, the seller owes the buyer $1000 from the holdback amount.**** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Full Renovation: Keep the layout & renovate – replace flooring, kitchen, washrooms, add pot lights, replace wood panelling with drywall, replace windows, AC & upgrade electrical panel to achieve a modest ARV value of $1,275,000.
- Boost ARV by adding a Basement Apartment: Create a separate entrance at the front door landing to the basement apartment, and add a new, small kitchenette to the basement – in addition to the standard renovation – to boost your ARV value to $1,325,000.
Property Overview
Details
- Detached raised bungalow
- Beds: 3 + 2
- 3 bedrooms upstairs, 2 in basement.
- Baths: 2
- 1 full bathroom upstairs and 1 downstairs.
- Basement bathroom shower has been gutted – was previously a functioning stand-up shower.
- Upstairs bathroom shower does not have a ceiling fan & the steam has eroded the tile – see photos.
- Finished Basement with no separate entrance
- Full kitchen upstairs & small kitchenette in basement, with plumbing hook ups available.
- If converting into 2 units – front of house landing can be sectioned off to provide a separate entrance.
- 1,233 sqft above grade & 1,233 sqft below grade
- 1 car attached garage
- Built in 1958
Mechanical & Systems
- Electrical: 100amp fuse panel with copper wiring, as per seller
- Furnace: Owned, installed in 2014
- A/C: Owned, unsure of exact age – about 25-30 years old, would recommend replacing.
- HWT: Rental, unsure of exact age ; to be assumed by Buyer
- Appliances included: Fridge, stove, washer, dryer, dishwasher in AS-IS condition
Roof & Exterior
- Roof: 6 years old, as per seller
- Windows: all are vinyl but dated, about 25 years old – would recommend replacing.
Lot & Location
- 55.06ft x 110.13ft lot
- Property taxes are approx. $6,561
- RD Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $924,999
- We believe that after the recommended renovations are completed, this property should be worth at least $1,275,000 on the MLS
- Add a basement apartment unit & we believe this property should be worth at least $1,325,000 on the MLS.
- Purchase today with a $400K SPREAD TO ARV!
Comparable Analysis |
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| 29 Broadlands Blvd sold for $1,350,000 only 10 days ago after 11 days on the market! This 3+2 bed, 3 bath comparable is a fully renovated ARV with nothing left untouched. Superior to the subject property, this comparable has one additional bathroom, a slightly larger frontage on a reverse pie shaped lot & a 2 car garage, however both properties have similar square footage. Additionally, this comparable has a finished basement apartment with a separate entrance. Interestingly enough, this comparable appears to be another investor’s flip, as the property was purchased in April for $1 million and sold 6 months later. After making the appropriate adjustments, completing the recommended renovations and adding a basement apartment, we believe the subject property would sell for $1,325,000 on the MLS. |
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| 19 Caronport Crescent sold for $1,250,000 in October 2025 after 21 days on the market! Identical to the subject property, this comparable is a 3+2 bedroom, 2 bathroom, 1 car garage, detached raised-bungalow. Both properties sit on a similar size lot and are the same square footage. This comparable has kept many original attributes, such as the flooring, layout, and upstairs bathroom. The upgrades completed to the property are minimal and very cost effective in comparison to comparable ARV properties. Ditch the basement apartment and complete a full renovation, and we believe the subject property will sell for $1,275,000 on the MLS. |
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