Waverly Street South, Oshawa
Offer Date: FIRST COME FIRST SERVED
Closing Date: April 1st, 2026
*The Buyer shall deliver an additional $15,000 deposit directly to the Seller within three (3) business days of waiving all Schedule A conditions. In the event of Seller default, the Seller’s solicitor shall register a deposit mortgage/charge in favour of the Buyer, at the Seller’s sole cost, on title satisfactory to the Buyer’s solicitor acting reasonably. The charge shall be non-interest bearing unless the Seller is in default, in which case it shall accrue interest at 15%.*
*The Basement is currently tenanted. The Seller will be giving notice to the tenant and acknowledges the property will be vacant on closing*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
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Cosmetic Renovation: Complete a full cosmetic renovation, upgrading the bathrooms, kitchens, flooring, fixtures and finishes and a fresh paint job before relisting on the MLS.
- Basement Apartment Potential: Renovate the basement and utilize the separate entrance to create a 2nd unit, allowing for either a strong MLS resale or a cash-flowing rental hold.
Property Overview
Details
- Semi- Detached Brick Bungalow
- Beds: 3+2
- Baths: 1.5
- 1 Full Upstairs
- 1 half bath with shower in basement
- 1,050 sqft above grade & 1,077 sqft below grade
- Basement has side entrance with finished basement and in law suite in basement
- Height approx. 7 ft, 6.5ft under bulkhead
- 2 bedrooms downstairs, 1 bathroom 1 kitchen
- Built in 1959
Mechanical & Systems
- Electrical: 100 amp Breaker panel with copper wiring
- Furnace: Owned, old oil furnace (30+ years old)
- Gas fireplace in basement so there is a hookup for a new gas furnace
- A/C: Owned & old, needs to be replaced
- HWT: Rental, Electric, installed in 2020
Roof & Exterior
- Roof: Back and side replaced withing the past 5 years, front of roof will need to be replaced
- Windows: dated and mostly vinyl windows. One large wooden window at the front of the house
- Deck: Back deck is in decent condition, front deck steps has a few loose boards
Lot & Location
- 30.11 ft x 110 ft Lot
- Property taxes are approx. $4,269
- Zoning R2
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 or Rental opportunity.
- Wholesale Price: $489,999
- We believe that after the recommended renovations are completed, this property should be worth at least $690,000 on the MLS
Comparable Analysis |
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| 74 Cabot Street sold for $685,000 in November 2025. This semi-detached brick bungalow offers 3+1 bedrooms and 2 bathrooms on a 29 ft x 110 ft lot, with approximately 700–1,100 sq. ft. above grade, a detached garage, and a fully renovated basement apartment with a separate entrance. The property has been updated throughout and serves as a strong benchmark for renovated bungalows with a basement apartment. After adjusting for condition, garage, and renovation scope, and assuming completion of the recommended improvements, we believe the subject property would be expected to sell for approximately $690,000 on the MLS. |
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| 82 Durham Street sold for $690,000 in November 2025. This semi-detached brick bungalow features 3+2 bedrooms and 3 bathrooms on a 31 ft x 118 ft lot, with approximately 700–1,100 sq. ft. above grade and a basement apartment with a separate entrance. While the upper-level kitchen was renovated in 2018, the basement finishes are more dated. Compared to this sale, the subject property offers a similar layout and lot size with an existing in-law suite, but requires mechanical upgrades and selective exterior and interior improvements to reach comparable market appeal. After making the necessary adjustments and the recommended renovations are completed, we believe the subject property would be expected to sell for approximately $690,000 on the MLS. |
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