Burkwood Crescent, Scarborough
Offer Date: FIRST COME FIRST SERVED
Closing Date: January 12th, 2026
*Buyer agrees to pay the sellers legal fees up to a maximum of $2,000*
**The Seller may remain in the property after closing until February 12th, 2026, provided they obtain tenant insurance. This option may be exercised by delivering written notice to the Buyer on closing. If exercised, the Buyer’s lawyer will hold back $40,000 from the closing proceeds and will release it only once the Seller vacates the property. For each day the Seller remains past February 12th, 2026, the Seller will owe the Buyer $1,000, deducted from the holdback.**
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Easy Cosmetic Renovation: Target simple, high-impact updates throughout, including fresh paint, modern flooring, updated lighting, a refreshed kitchen and bath, and modern finishes.
- Add a Basement Apartment: Convert the basement into a separate apartment using the existing side entrance to create strong income potential and expands buyer appeal, supporting a higher resale value once completed.
Property Overview
Details
- Semi-Detached 2 Storey
- Beds: 4
- Baths: 1.5
- 1 full upstairs
- 1 powder room on the main floor
- 1,196 sqft above grade & 598 sqft below grade
- Finished basement, 7 ft in height
- Separate side entrance with immediate access to basement staircase
- No garage
- Built in 1976
Mechanical & Systems
- Electrical: All copper wiring and breaker panel
- Furnace: Rent to own, will be paid off by seller, about 10 years old
- A/C: Owned, installed in 2018
- HWT: Owned, installed in 2012
- Appliances included: Fridge, Stove, Washer & Dryer in AS-IS condition
Roof & Exterior
- Roof: Replaced in 2018 as per seller
- Windows: All vinyl, replaced in 2015 as per seller
- No cracks or leaks in exterior foundation
Lot & Location
- 35 ft x 110 ft
- Property taxes are approx. $2,948
- RS 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: $629,999
- We believe that this property is worth $700,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $830,000 on the MLS
Comparable Analysis |
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| 3 Brisbourne Grove sold for $750,000 in October 2025 after only 10 days on the market. This semi-detached two-storey home offers 4 bedrooms above grade plus a basement bedroom, along with 3 bathrooms. It has an estimated 1,100–1,500 sq. ft. of living space on a 40 ft x 122 ft lot. The property has no garage and presents in average condition, with worn flooring and dated kitchen and bathroom finishes on the main level. It also includes a finished basement apartment, though it was sold tenant-occupied. While similar in overall size and configuration, the subject property provides a clean interior canvas, a functional 4-bedroom layout, a finished basement with the opportunity to upgrade into a separate basement apartment . After making the appropriate adjustments, we believe the subject property would be expected to sell for at least $700,000 on the MLS. |
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| 87 Lowry Square sold for $855,000 in August 2025. This semi-detached two-storey home includes 4+1 bedrooms, 3 bathrooms, and an estimated 1,100–1,500 sq. ft. of living space on a slightly larger 30 ft x 150 ft lot. Similar to the subject property, this comparable also does not have a garage. This property has been upgraded throughout, displaying the value added from upgraded finishes and a more modernized finished basement. The property offers a similar overall configuration as the subject, but sold in a stronger summer market, and this gap in market timing is accounted for in our adjustments. After applying these considerations and completing the recommended improvements, we believe the subject property would be expected to sell for $830,000 on the MLS. |
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