Mclarenwood Terrace, London
Closing Date: November 10th, 2026
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- FIX AND FLIP: With a new roof, mostly new windows, and copper wiring already in place, investors can focus on a full interior renovation, basement refinishing, junk removal, landscaping, and converting the dining room back into a third main-floor bedroom. These strategic improvements offer an opportunity to maximize ARV, increase resale value, and drive strong profit potential on the flip!
Details
- Detached Bungalow
- 2+1 Bedrooms
- Has potential to be converted back into a 3 bedroom on main floor
- 1 Bathroom
- 925 Sqft above ground & 925 Sqft below grade
- Finished basement with 6’9 Ceiling height
- Built in 1958
Mechanical & Systems
- Electrical: Breaker panel with copper wiring
- Furnace: Owned, 15-20 years old as per seller
- A/C: Owned, needs to be replaced
- HWT: Owned, 20 years old as per seller.
- Appliances included: No appliances included
Roof & Exterior
- Roof: Replaced this year
- Windows: Mostly new, Bay window is older but good shape.
Lot & Location
- Irregular lot: 76.98 ft x 166.55 ft x 39.72 ft x 183.07 ft
- Property taxes are approximately $2,926
- R3-2 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- Basement appears to have some mould on the drywall
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $325,000 or Best Offer
- We believe this property will sell for at least $520,000 on the MLS once the recommended renovations are complete.
Comparable Analysis |
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| 203 Merlin Cres – Sold for $520,000 in September 2026 after only 17 days on the MLS! This renovated comparable is a detached bungalow, built in 1955, featuring a 2+2 bedroom, 2-bathroom layout, a detached 1-car garage, a finished basement with a separate entrance, and 869 sqft on a 50′ x 145′ lot. The comparable offers an additional bathroom, and its backyard includes an above-ground pool and hot tub. However, the subject property is similar in age, slightly larger at 925 sqft above grade, and has a larger detached garage. Both properties feature a finished basement with a separate entrance. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $520,000 on the MLS! |
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| 24 Tweedsmuir Ave – Sold for $522,000 in August 2026 after only 12 days on the MLS! This updated comparable is a detached raised bungalow featuring a 2+1 bedroom, 2-bathroom layout, a partially finished basement, 4 parking spaces, and approximately 700–1,100 sqft on a 50′ x 115′ lot. The comparable has an updated kitchen, an in-ground pool and an additional bathroom, but no garage. In comparison, the subject property offers a similar 925 sqft above grade, a fully finished basement with a separate entrance, and a large detached garage. The subject also has the potential to be converted back into a 3-bedroom on the main floor. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $520,000 on the MLS! |
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